Solar-Power Costs Falling Even Faster Than Expected Due to Virus
Solar-Power Costs Falling Even Faster Than Expected Due to Virus
The cost of U.S. solar power is dropping faster than expected as the coronavirus stifles demand, according to a report from Wood Mackenzie.
Falling Solar Costs
Covid-related demand destruction is contributing to system-cost declines
Falling system costs are boosting the competitiveness of solar against electricity rivals including natural gas and coal, and increases the appeal of rooftop units for homeowners. Already, solar power is among the world's cheapest electrical sources.
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