September 17, 2017

Cost of solar drops 75% in six years

Environmental News Network - The Trump administration has announced that a federal goal to slash the cost of utility-scale solar energy to 6 cents per kilowatt-hour by 2020 has been met early. The goal, set by the Obama administration in 2011 and known as the SunShot Initiative, represents a 75 percent reduction in the cost of U.S. solar in just six years. It makes solar energy-cost competitive with electricity generated by fossil fuels.

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