Solar Prices to Reach $1 per Watt Target 3 Years Early

[ScienceRocks]

Solar Prices to Reach $1 per Watt Target 3 Years Early

In 2010, the U.S. Department of Energy made a goal of reaching an installed price of $1 per watt for solar energy, which would make it highly competitive with electricity generated from fossil fuels. The goal was to reduce the cost of large-scale solar systems from projections of around $3.50 per watt in 2010 to the $1 mark by 2020.

A reduction in cost of 71% in a decade seemed like a stretch five years ago, but industry leader First Solar (NASDAQ:FSLR) says it will hit $1 per watt in 2017, three years ahead of schedule. First Solar is one of the most popular solar stocks among hedge funds.

Good news!!!

 

[Delta4Embassy]

Solar Prices to Reach $1 per Watt Target 3 Years Early

In 2010, the U.S. Department of Energy made a goal of reaching an installed price of $1 per watt for solar energy, which would make it highly competitive with electricity generated from fossil fuels. The goal was to reduce the cost of large-scale solar systems from projections of around $3.50 per watt in 2010 to the $1 mark by 2020.

A reduction in cost of 71% in a decade seemed like a stretch five years ago, but industry leader First Solar (NASDAQ:FSLR) says it will hit $1 per watt in 2017, three years ahead of schedule. First Solar is one of the most popular solar stocks among hedge funds.

Good news!!!

What's 'regular' energy per Watt?

 

[Old Rocks]

Installed generating capacity? I think that is about $2 per watt for dirty coal, much more for clean coal. A lot more for nuclear.