New Breakthrough Could Slash Solar Prices To New Lows

submitted by Chop_Chop from oilprice.com

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[–]magnora7 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

I hope so! It's almost at the tipping point of being economically viable. The payback time right now is about 10 years for a solar panel. If they can get that down to 1 year, then we'd really be getting somewhere.

[–]Chop_Chop[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

It's almost at the tipping point of being economically viable

Bloomberg: Solar Farms Without Subsidy Sprout From Gloomy Britain to Italy - At least 15 projects in Europe are planned on the basis that government support won’t be needed to profit https://www.bloomberg.com/news/articles/2018-09-10/solar-without-subsidy-sprouts-in-europe-no-subsidy-solar

It is surprising how much commercial solar exists in Britain - London is at 51 Degrees north!