Tuesday, July 27, 2010

Solar Reaches Cost Tipping Point

The sun begins to shine for the solar industry. The cost "tipping point" has been reached where it is now cheaper to use solar instead of building nuclear.

The question is....was this tipping point reached due to global warming, or photovoltaic manufacturing efficiency?

From NY Times Nuclear Energy Loses Cost Advantage

In a “historic crossover,” the costs of solar photovoltaic systems have declined to the point where they are lower than the rising projected costs of new nuclear plants, according to a paper published this month.

This crossover occurred at 16 cents per kilowatt hour.

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