The price of solar power just fell 50% in 16 months
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Re: The price of solar power just fell 50% in 16 months
#2A side effect of this, large scale grid solar is now significantly cheaper than rooftop solar due to labor costs.
Re: The price of solar power just fell 50% in 16 months
#3This article is making a really big deal out of bids. While the trend is encouraging, let's wait and see if the winning bidders can actually deliver at the prices they bid before getting too excited.
Re: The price of solar power just fell 50% in 16 months
#4Pretty impressive. They need to work on cheaper batteries now.
Re: The price of solar power just fell 50% in 16 months
#5This article is making a really big deal out of bids . While the trend is encouraging, let's wait and see if the winning bidders can actually deliver at the prices they bid before getting too excited.
Hard to tell for a while as these tend to be 20 year contracts.
Re: The price of solar power just fell 50% in 16 months
#6A side effect of this, large scale grid solar is now significantly cheaper than rooftop solar due to labor costs.
At which point would it be financially beneficial for a farmer to turn a field into a solar farm rather than plant a crop? I have no knowledge in economics of either so I couldn't even estimate.
Re: The price of solar power just fell 50% in 16 months
#7Pretty impressive. They need to work on cheaper batteries now.
Those prices are dropping drastically too as manufacturers have been opening manufacturing facilities and the technology continues to improve.
Re: The price of solar power just fell 50% in 16 months
#8This article is making a really big deal out of bids . While the trend is encouraging, let's wait and see if the winning bidders can actually deliver at the prices they bid before getting too excited.
Hard to tell for a while as these tend to be 20 year contracts.
I think that's part of the reason the bids are so cheap, though. They're probably counting on some cost reductions over time so that even if they lose some money up front, the long-term profitability will be there. I doubt that anyone can actually deliver solar power at a profit today for the bid prices listed.
Re: The price of solar power just fell 50% in 16 months
#9This article is making a really big deal out of bids . While the trend is encouraging, let's wait and see if the winning bidders can actually deliver at the prices they bid before getting too excited.
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Re: The price of solar power just fell 50% in 16 months
#10Earlier quoted context omitted.
Hard to tell for a while as these tend to be 20 year contracts.
I think that's part of the reason the bids are so cheap, though. They're probably counting on some cost reductions over time so that even if they lose some money up front, the long-term profitability will be there. I doubt that anyone can actually deliver solar power at a profit today for the bid prices listed.
It's some factor of both things are cheaper now and things will be cheaper in the future. I'm betting these companies know what they are bidding for and it's likely technology will continue to make incremental improvements in this area. Compound interest works well here too and even modest decreases in costs compounded over 20 years will be very worthwhile.