We’re Inching Closer to Making Solar Power as Cheap as Regular Electricity

By Madeleine Thomas – It’s been nearly five years since the Department of Energy rolled out plans to make solar power a cost-competitive electricity source by the end of the decade. Also known as the SunShot Initiative, the goal of the program is to drop the cost of solar power 75 percent by 2020.

Once prices reach $0.06 per kilowatt-hour, solar power will officially become cost-competitive and could supply as much as 27 percent of the country’s electricity by 2050 as more homeowners, businesses, and communities switch over.

Solar power installations have grown 17-fold since 2008, from 1.2 gigawatts to 20 gigawatts nationwide, according to government figures.

That’s enough electricity to power all of Austin and Seattle for an entire year. more> https://goo.gl/AdsrRQ

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