The marketplace for solar power isn’t cooperating with pessimists
Solar panels are super cheap, with prices down more than 75 percent in five years. Just $0.70 a watt! That’s great news, even if few people can explain what a watt feels like exactly. And the future is growing even brighter, according to a report released today from the independent German research group Agora Energiewende. The analysts report that leading global projections of world energy use may be missing the big picture: “Most scenarios fundamentally underestimate the role of solar power in future energy systems,” the report states. The price of silicon panels is no longer the cost headache it’s been historically. How much sun a location gets, the authors write, is less than a factor than many might think. What increasingly matters is financing costs.
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