Solar Energy Prices at All-Time Low


| 10/8/2015 11:35:00 AM


Tags: energy, solar power, Kayla Matthews, Pennsylvania,

According to a study published last month, the cost of solar power has reached an all-time low, with a reported new average of 5 cents per kilowatt-hour (kWh). The study, conducted by the Lawrence Berkeley National Laboratory, demonstrates a decline of 70 percent in PPA prices since 2009, among other stats highlighting the cost and efficiency of solar energy.

The Findings

Each year, the Berkeley Lab publishes a Utility-Scale Solar statement, which reports new findings about utility-scale solar projects based on vast amounts of empirical data. Utility-scale refers to large, ground-mounted solar projects of more than 5 megawatts (MW).

Here’s a roundup of key findings from this year’s Utility-Scale Solar report.

1. The cost of installation has decreased by more than 50 percent since 2009.

2. Efficiency of new solar technology has increased from an average capacity factor of 24.5 percent in projects completed in 2011 to 29.4 percent in projects completed in 2014.

ShemekiaBailey
10/24/2015 4:31:59 AM

It is really been tremendous, if it works. It would be amazing project. Although solar energy have low cost price but if we think, it would be beneficial for us, as the low price energy saves greater the energy, and if we use the solar energy as renewable energy form, it works tremendously and cover all the needs more efficiently. Shemekia Bailey - System Controller at https://yuenergy.co.uk/


ShemekiaBailey
10/24/2015 4:29:28 AM

It is really been tremendous, if it works. It would be amazing project. Although solar energy have low cost price but if we think, it would be beneficial for us, as the low price energy saves greater the energy, and if we use the solar energy as renewable energy form, it works tremendously and cover all the needs more efficiently. Shemekia Bailey - System Controller at https://yuenergy.co.uk/


HannahK
10/22/2015 3:50:08 PM

This post is from Lucy, who lives in Australia: Don't kid yourself Brenda. Nobody started from further behind the 8-ball when I put up my first solar panel in 1981. It was a 2nd-hand 45 watt (second biggest available back then!) Unisys panel which cost me $13.80 per watt.....or about a month's average wages at the time. It took about 2 years for me to accumulate 5 panels of about the same size. Of course, at the price every watt was counted ~ and accounted for. The result of that was that I quickly learned the secret lay in adapting your lifestyle to suit your resources; not the other way a round, as is the contemporary ingrained attitude. There are many ways to achieve that, depending on how far you're able/willing to go. One thing I did was to go to bed and get up with the chooks ~ ir order to save on power needed to operate in the dark. Another was to (initially) run a simple 12-volt circuit around the house and tap into that to run a very few auto tail-lights (from the wrecker's) one at a time. Or, when I was watching my TV ( 12-volt,6-inch screen) at 8 watts, not using the lights at all, but relying on the light from the TV ~ which was positioned so that I could see to make a cup of coffee in the kitchen. I designed the ~ muddy ~ house specifically for energy-efficiency (much of it gleaned from ME and the OZ version called 'Grassroots') , and you wouldn't believe how gratifying it was to see it all work as planned. Better in some cases! Feel free to contact me at lucitall@y7mail.com if you want more. Bottom line is that these days (living in town) I get by without stinting on 2.5 kw of panels (which cost less than the first a couple of hundred watts I I started with) which produce a year-round average of 8kwh per day. But early learning has stuck, and I get by happily enough on under THREE kwh per day. Meanwhile, the power company tells me, 'average' use of power in my region lies between 23 and 33 kwh per day. Incidentally, those first six panels of mine are these days working for an old mate of mine ~ and still producing power (30+ years later) at 85% of their rated value. ---> https://www.youtube.com/watch?v=0jtedX1LrTc I gave her those because at the time I had no use for them. Heavy cabling came (free) from a factory being demolished. Frames (adjustable) for mounting can be found at the tip in the form of dumped angle-iron bedframes. etc.. We used to get good 2nd-hand batteries for next nothing from the SEC and/or a local tip used by a woodchip producer. (and recycled them as insulating/heating walls/floors in hothouses!) Motto:- Never buy new what you can recycle. (Could tell you stories.) Another motto:- You're never beaten until you give up. All the best


Brenda
10/21/2015 10:51:03 AM

I have always wanted solar and or wind power. It just isnt possible for people living on low income.





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