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Solar Power will be Cheaper than Fossil Fuels within 2 Years
posted November 4 2014 18:53.47 by Giorgos Lazaridis




It was going to happen eventually, but no one expected to be that soon. While everyone struggles for cheaper fossil fuels such as natural gas, it seems that solar electricity will become soon the cheapest form of power. According to a Deutsche Bank report published last week, in 2016 solar electricity will become as cheap or cheaper than average electricity-bill prices in 47 U.S. states.

As a result of the ever increasing solar panel demands, solar technology will continue to evolve providing better and more efficient panels for less. And since solar power is a technology and not a fuel, it will continue to increasingly dominate. On the other hand, limited fossil fuels will become more pricey. According to a recent estimate by the International Energy Agency, solar will be the world 19s biggest single source of electricity by the year 2050.

Read more in this link

[Link: bloomberg]
 
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