Re:The Price of Solar Is Declining to Unprecedented Lows
by JumpCrisscross on Sunday August 28, 2016 @01:52PM
(#12377525)
Levelised cost of energy (LCOE) is a good metric for comparing energy sources on cost [1].
According to the table on page 6 of this EIA report for weighted average LCOEs in America before tax credits for 2022 [2], photovoltaics are projected to be around $74 per MWh. That compares favourably with $100 for nuclear, but unfavourably with $56 for natural gas, $59 for wind or $64 for hydroelectric. (Solar gets a weighted average federal subsidy of $16/MWh subsidy; wind $8.)
According to the table on page 6 of this EIA report for weighted average LCOEs in America before tax credits for 2022 [2], photovoltaics are projected to be around $74 per MWh. That compares favourably with $100 for nuclear, but unfavourably with $56 for natural gas, $59 for wind or $64 for hydroelectric. (Solar gets a weighted average federal subsidy of $16/MWh subsidy; wind $8.)
[1] https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_sourc...
[2] https://www.eia.gov/forecasts/aeo/pdf/electricity_generation...