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Write a Squawk to Solar-Power-Now
  • Editor’s Picks / 04 May 2015 at 23:36 GMT

    Solar energy's time in the sun may be at hand

    According to Deutsche Bank’s recent bullish report on solar power, unsubsidised rooftop solar power costs $0.08 – $0.13 per kilowatt hour (kWh) globally, which can be as much as 40% below retail electricity prices. Australia’s rate for solar power is $0.15/kWh, less than one-third of electricity’s average price there, making the country an exemplar of grid parity. In oil-rich countries like Saudi Arabia and the United Arab Emirates, solar is still more expensive than the overall electricity price and in the United States, the levelised cost of solar energy is $0.17 per kWh, a penny cheaper than electricity’s average price. Deutsche Bank says: “In markets heavily dependent on coal for electricity generation, the ratio of coal-based wholesale electricity to solar electricity cost was 7:1 four years ago. This ratio is now less than 2:1 and could likely approach 1:1 over the next 12-18 months.”
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    Solar-Power-Now Solar-Power-Now
    The cost for residential solar power in American is only $0.08/kWh spread over the life of a system. This is one of the main reasons why there...
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