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The following charts on solar panel cost trends and solar power growth trends are fun, and good for a share, since many people are completely unaware of these trends. Well, that basically tells you everything you need to know right there — the cost of solar panels today is about 100 times lower than the cost of solar panels in 1977 (even more than 100 times lower!) — but I promised 10 charts, so let’s dig in even further and throw on some other fun charts and graphs. Of course, as you can see in that graph above, the cost of solar is headed towards the wholesale cost of electricity from natural gas… which would actually get utility companies and power plant developers switching to solar in a big way. The lesson is: the cost of solar panels has fallen off a cliff, and that means that solar power now crushes electricity from the grid for a huge number of people.
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter. Zachary Shahan is tryin' to help society help itself (and other species) one letter at a time. Good article but slanted in the sense that there’s no mention of ongoing maintenance on panels or deterioration of solar panels over time nor the life expectancy of panels exposed to sun, rain, ice, snow and bird droppings. This is all great news, and no one wants solar to completely replace fossil fuels more than I do, but the numbers to achieve that goal are daunting.
So I tried exponential growth to the 50% level which is when the growth starts tapering off using the logistic eqn. First Solar (thin film) has stated that they expected their costs to drop to the mid-thirty cent range by 2017. So look to Utilities to keep their future Utility Energy costs just slightly above the cost of adding solar to one roof, since that will maximize Utility profits and minimize the number of ratepayers that install their own Solar! I hope a future president will come forward and challenge the power companies as well as invest more taxpayer monies into solar and other renewable energy. Very important article.Note remarkable Hawaii situation on charts,BUT,difficulty obtaining utility interconnect here.Public Utility Commission pressure is being applied,while PV customers wait!
Yeah, everything should be even better, but I haven’t seen comparable graphs for more recent years. According to the headline, there must be at least two tons of charts, so these weigh at least 285.714 lbs a piece. Network and establish your business in one of North America’s largest energy industries. The amount of digital data in the universe is growing at an exponential rate, doubling every two years, and changing how we live in the world.
Just about 0.5% of all data is currently analyzed, and Wolfe says that percentage is shrinking as more data is collected.
At the same time,A big data has almost limitless potential.A Already, big data is doing everything from decoding DNA strands to predicting disease patterns, to suggesting what movies we might want to watch online.
Big data helps cut energy costs in buildings, potentially eliminatingA $200 billionA in waste annually.

The rapid acceleration in the solar industry inspires confidence in the future of sustainable energy. Solar energy has become more attainable to the residential sector, thanks to refined technology and high demand driving down costs, along with incentives that bolster motivation. Solar companies are adding workers 12 times faster than the overall economy, according to a report by The Solar Foundation. The solar investment tax credit (ITC) has played a vital role in the growth of solar thus far. The Solar Energy Industries Association will continue to fight for the tax credit, and theya€™re setting their sights on another five-year extension that will prove vital to continuing solar growth.
Meanwhile, the Paris agreement established a framework for an aggressive fight against climate change.
While the growth of solar is impressive and inspires hope for the future of clean energy, the industry cana€™t afford to rest on its laurels.
The solar industry has taken leaps of progress and is slated to continue at this impressive pace, but its continued success relies on further innovation and advocation.
Bryn Huntpalmer is a mother of two young children living in Austin, Texas where she currently works as an Editor for Modernize. What is really important is that the cost of electricity from solar panels is now lower than the cost of retail electricity for most people. That means that people like you and me (if we have a roof) can cut our electricity costs by putting solar panels on our roofs!
Are you interested in seeing how the cost of solar panels compares to the cost of its main competitor? Are you interested in seeing how much solar panels save the average American who goes solar… or even the average person in California, Florida, New York, Texas, Hawaii, and so on? So, with all of this information on the drop in the cost of solar panels and the cost of solar-generated electricity, you’re probably thinking that solar power project growth should be going through the roof by now, right?
If you have a roof and don’t have solar panels on it, stop wasting your time and see what the cost of solar is and how much you can save right now! First Solar’s thin-film solar has, and some high-efficiency products from SunPower have.
So would be better to keep (1) and add a (1a), that starts at 2000 and resizes vertical axis to see continued progress. If you calculate savings over the warranted life span of the system – most systems are 25-30 year warranties (meaning the panels will not dip below 80% their rated value). New York City and Chicago areA becoming smart citiesA using big data and sensors to not only save money but run as efficiently as possible. The solar industry saw an employment increase of 20 percent in a single year, and it now employs 200,000 people.

Bernadette del Chiaro, the executive director of the California Solar Industries Association (CALSEIA), said a€?While conventional energy industries are losing jobs, we are seeing record growth and bringing clean air and climate solutions along the way.a€? California hopes to convert to 33 percent renewable energy by 2020. The 30 percent federal tax credit for residential and commercial solar was set to expire at the end of 2015, but was extended through the end of 2016. The Paris climate agreement wona€™t go into effect until 55 countries representing at least 55 percent of global emissions agree to ratify it. Therea€™s also the issue of storage; storage batteries are expensive, costing about $1,000 per kilowatt hour. I imagine more efficiency improvements will come sporadically in the coming years, while costs continue to fall. Whata€™s more, the solar sector boasts more ethnic and gender diversity than the oil, gas, and coal industries. This will allow solar companies to secure long-term investments that inspire innovation and competition, which drives down costs for consumers. Thankfully, the solar industry has grown independently of established carbon reduction targets.
For many home and business owners making a sizeable front-end investment, this simply isna€™t reasonable. Just note, however, that these averages are based on the cost of solar panels in 2011 (as I think you’ve gathered by now, the cost has dropped considerably since then). Zach is recognized globally as a solar energy, electric car, energy storage, and wind energy expert. It employs a higher percentage rate of veterans and Latino or Hispanic individuals than the U.S. Meanwhile, the fossil fuel industry is waging war against solar, arguing that homeowners with solar must pay fees to cover the costs of using the grid.
However, innovations in solar storage (such as the Tesla batteries, which are available at a reduced rate through SolarCity) will lead to reduced reliance on power companies and a shrinking of the gap between solar supply and demand.
Anti-solar action has already been taken by utility companies in Nevada, Arizona, and Florida, states with ideal conditions for profiting from solar. Solar advocates and consumers are fighting to resist and overcome the grip of power companies. Texas added 2,292 megawatts of new wind power capacity, and an impressive 28 states built new wind power plants.
Capacity may pick up in the following few years, although the expiration of wind power-friendly federal policies in 2012 leaves the long-term forecast up in the air.

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