VitalAccurateThinking

Economics of Solar Power

In an article on Silicon Valley's involvement with solar cells, I found this tidbit:

Despite technological advances since the first photovoltaic cells were invented 50 years ago, solar is still two to three times more expensive than fossil fuels in the U.S. and relies on government subsidies to compete.

But improving technology, falling costs, rising prices for fossil fuels, concerns about the electric grid's stability and worries about global warming are all raising interest in solar energy. The industry is expected to grow from $11 billion in 2005 to $51 billion in 2015, according to a projection by Clean Edge Inc., a market research firm focused on clean technology.

Interesting.

posted by Jim VAT @ 9:28 PM