Solar power is expected to be cheaper than fossil in 2016

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Today the use of electricity from fossil is still widely used than the electricity from solar energy as the cost of solar panel installation is more expensive. However, technological advances in the field of solar power will make the cost of solar panels and solar installations are less expensive than electricity from fossil fuels or from nuclear energy.

According to Mark M. Little, the director of global research for GE, solar technology innovations will encourage lower-cost of solar power use in the next three to five years, its expected to be about 15 cents a kilowatt-hour. The data from the Energy Information Administration, shows that the U.S. retail average in 2009 was about 6.1 cents in Wyoming to 18.1 cents in Connecticut per kilowatt-hour for electricity.

The London-based research company, also recorded a decrease of 21 percent the cost of solar cells this year and the cost of solar power equal to the rate utilities charge for conventional power such as in California, Italy and Turkey where the sunniest parts.

The GE, based in Fairfield, has achieved 12.8 percent of thin-film solar cells efficiency that will also reduce the cost. GE will build a production plant in 2013. Meanwhile, a smart grid will regulate electricity usage intelligently.

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Solar Panel New Jersey said...

Absolutely, it already has so many benefits to it that have raised interest amongst certain countries. I mean this week i've already heard that solar window shades are being talked about, along with "cool" solar panels which aim to reduce the usage of your home air conditioning unit by cooling room temperature with the solar panels.

Regards,
Nigel
commercial solar panels

Haley McAdams said...

It's good news then that solar energy has been getting it's prices lower and lower each year. I hope common people with minimum salaries can afford it in the near future.

Haley
Online Electrical Courses

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3B said...

According to research,Carbon solar cell could result in cheaper solar panels which could change the solar energy industry.Because demand and competition of silicon in solar energy industries caused worldwide shortage of silicon.
This blog really helpful for our energy market research

Myacandheat said...

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