Comparative data show that there was a reduction in the cost of solar energy in 30%, getting the US to meet cost targets before 2020
The clean energy revolution continues and solar is leading the way. In a recently published report, the US Department of Energy's National Renewable Energy Laboratories have documented that the cost of solar energy centralized, generated from large blueprints rather than residential roofs, decreased 30% last year.
This happy news aligns with another recent announcement from the SunShot Initiative, a parallel effort at the US Department of Energy, which stated that its established cost targets for solar energy were met years ahead of the due date. 2020.
All of this serves as a reminder that, despite the politics of the moment, solar energy continues to quickly become more economical and accessible, paving the way for a cleaner energy future.
Although China has often been cited by the US president as a dangerous competitor, The solar renaissance in the United States was made possible by the pioneering work in solar energy being done in the People's Republic. More solar modules are being produced in China than there is demand, which allowed US importers to acquire this technology at low prices. As a result, the average price per watt is now just US$ 1,03 for fixed tilt systems and US$ 1,11 for those who move to track the sun's movement.
While the roof and residential solar system may represent the most visible manifestation of the growth and reach of solar energy, are centralized solar systems, that feed the network, which has the greatest potential to change the game, worldwide.
Taking note of the ever-declining price of solar energy and consumer demand for cleaner forms of energy, utility companies invested funds to increase the share of solar energy in their portfolio. For example, Duke Energy Florida recently announced plans to spend US$ 6 billions in solar infrastructure, and the elimination of previous plans to invest in nuclear energy.
If trends continue, estimate-I know 139 countries, including the United States and China, could change to 100% from its matrix being renewable energy to 2050, with solar contributing significantly.