Re:The Price of Solar Is Declining to Unprecedented Lows
by beachstartup on Sunday August 28, 2016 @01:54PM
(#12377539)
> but for the average user it's barely worth mentioning.
a reduction of 5-15% in a year is huge. are you familiar with how compounding works? that means the price will fall by almost half in about 5 years, and will be a tiny fraction of what it costs today, in a decade. what's expensive today will be economically viable or even cheap in just 2 or 3 years.
look at the graph! it's right there with easy to read colors and shapes.
a reduction of 5-15% in a year is huge. are you familiar with how compounding works? that means the price will fall by almost half in about 5 years, and will be a tiny fraction of what it costs today, in a decade. what's expensive today will be economically viable or even cheap in just 2 or 3 years.
look at the graph! it's right there with easy to read colors and shapes.