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The dramatic drop in the cost of solar panels since 1976

Saturday, October 1, 2016 21:14
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With economies of scale the cost of solar power has plunged much faster than many people expected—and some are actually arguing that solar will become cheaper than fossil fuels within the next few years. Now the difference is only about 25% after subsidies, a margin so small that people like Lyndon Rive, the co-founder and CEO of SolarCity, can taste victory. As he stated flatly in an exclusive interview with Fortune: “The core mission of the company is selling clean energy at a lower cost than fossil fuels. Period.” ….

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