Sourced through Scoop.it from: rameznaam.com
Very interesting read on the Solar Market and when the technology could get to breakeven to compete with fossil fuels. The author attempts to make some projections (tentatively) here. If current rates of improvement hold, solar will be incredibly cheap by the time it’s a substantial fraction of the world’s electricity supply. The Future of Solar Prices – If Trends Hold: The most important, question, for solar, is what will future prices be? Any projection here has to be seen as just that – a projection. Not reality. History is filled with trends that reached their natural limits and stalled. Learning rates are a crude way to model the complexities involved in lowering costs. Things could deviate substantially from this trendline.That said, if the trend in solar pricing holds, here’s what it shows for future solar prices, without subsidies, as a function of scale.