Oil, coal, and gas is subsidized to the tune of ~$400 billion a year (2010 numbers), while renewables are around ~$60 billion a year. Renewables have a capital cost, but no fuel cost.
http://www.businessweek.com/articles/2012-10-21/when-it-come...
"Meanwhile, a recent report from the U.N. Industrial Development Organization notes that photovoltaic module prices have been falling at a rate of 15 percent to 24 percent a year for some time. In 2011, factory gate prices for crystalline-silicon photovoltaic modules fell below the $1-per-watt mark, often regarded as the point of “grid parity” for solar power. Earlier this year, they reached 85¢.
The “levelized cost of electricity” for solar, a measure of the average price of power over the lifetime of a power project, has fallen from 32¢ per kilowatt hour in 2009 to 17¢ in early 2012. These declining costs are a major factor behind an explosion in use. A report by the Natural Resources Defense Council calculates that from 2006 to 2011, wind, solar, geothermal, tidal, and wave electricity production increased from 1 percent to 2.7 percent of total US production, from 0.1 percent to 1.5 percent in China, and from 5.3 percent to 10.7 percent in Germany. One sunny Saturday in May 2012 saw Germany produce nearly half of its electricity from solar. Given the long life of power plants—often measured in decades—this rate of change is phenomenal. Again, five years ago, total global photovoltaic capacity was just 16 gigawatts. In 2011, the world added nearly twice that—29 gigawatts—of new capacity."
Note this article is from October 2012, two years ago. Renewable installations have skyrocketed, with subsidies far below what oil, gas, and other fossil fuels are provided with.