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Can Solar Costs Keep Shrinking? - by Tomas Pueyo

unchartedterritories.tomaspueyo.com · 3,394 words · saved by 1 readers

Thank you John Arnold, Casey Handmer, and Austin Vernon for having a look at this article. You can check out Austin’s two articles that inspired mine here and here. I’ve shared this graph before: The price of solar photovoltaic (PV) panels has been shrinking around 12% per year for decades. That decline is because of this: We’ve been installing more and more solar panels. They’re now the lion’s share of new electricity capacity in countries like the US: The more solar panels we1 produce, the cheaper they get. If the trend continues for a few years, the promise is that electricity will be too cheap to meter. Indeed, solar is already the cheapest source of electricity.2 But hold on: According to that graph, the cost of solar electricity increased between 2021 and 2023—by about 30-100%—like all sources of energy. Here’s a zoom in on solar and wind: Part of it was due to supply chains breaking during COVID and the subsequent inflation, but is that all? Or were there other reasons? Can we c

Can Solar Costs Keep Shrinking? Tomas Pueyo Aug 29, 2024 ∙ Paid 116 28 10 Share Thank you John Arnold, Casey Handmer, and Austin Vernon for having a look at this article. You can check out Austin’s two articles that inspired mine here and here . I’ve shared this graph before: The price of solar photovoltaic (PV) panels has been shrinking around 12% per year for decades. That decline is because of this: We’ve been installing more and more solar panels. They’re now the lion’s share of new electricity capacity in countries like the US: The more solar panels we 1 produce, the cheaper they get. If

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