“Strong First Quarter Growth and Fracked Gas Takes a Hit”

(To see a larger figure, click on image to open it in a new browser window. This is from ILSR‘s “Of New Power Generation, How Much is on the Roof? Quarterly Update — 2019 Q1“.)

It was once warned, and now it’s coming true: The government unsubsidized cost of utility scale solar is now cheaper than any fossil fuel, including fracked gas. What these cost curves do not show is the closing gap between residential PV generation and cost of electrical transmission from a utility. Residential PV is still twice as high, but eventually residential PV, especially if incentivized, will match or beat the cost of transmission. That is expected to occur by 2025. When that occurs, there is no reason at all to purchase that portion of electricity from a utility. Whether storage is used or not, whether net metering is available or not, whatever portion of electrical consumption for a home comes from solar PV is a clear win.

Utility scale solar is cheaper than any fossil fuel, including fracked gas.

(Figure from “The Numbers are In and Renewables are Winning On Price Alone” by Coley Girouard at blog.aee.net, Advanced Energy Perspectives.)

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This entry was posted in adaptation, Bloomberg New Energy Finance, bridge to somewhere, clean disruption, CleanTechnica, decentralized electric power generation, decentralized energy, ecomodernism, ecopragmatism, electricity markets, energy utilities, green tech, grid defection, ILSR, investment in wind and solar energy, investments, John Farrell, Karl Ragabo, Michael Osborne, microgrids, public utility commissions, regime shifts, solar democracy, solar domination, solar energy, solar power, solar revolution, Talk Solar, technology, the energy of the people, the green century, the value of financial assets, Tony Seba, tragedy of the horizon, utility company death spiral, wind energy, wind power, zero carbon. Bookmark the permalink.

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