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An Anonymous Coward writes:

Over the last 5 years, the price of new wind power in the US has dropped 58% and the price of new solar power has dropped 78%. Utility-scale solar in the West and Southwest is now at times cheaper than new natural gas plants. Even after removing the federal solar Investment Tax Credit of 30%, a recent New Mexico solar deal is priced at 6 cents / kwh. By contrast, new natural gas electricity plants have costs between 6.4 to 9 cents per kwh, according to the EIA.

1. "price of new wind power in the US has dropped 58% and the price of new solar power has dropped 78%." - http://marginalrevolution.com/marginalrevolution/2015/05/renewables-are-disruptive-to-coal-and-gas.html

printed from SoylentNews, Renewables are Disruptive to Coal and Gas on 2025-12-07 10:17:07