Cost of solar energy continues to fall worldwide

Cost of Solar Energy Falling Worldwid - Down arrow

Solar power is now less expensive to produce than coal The cost of solar energy is falling at rapid pace, according to a new report from Lazard. The report shows that the solar production is now less expensive than coal and this trend is expected to continue well into the future. Notably, the electricity being generated from utility-scale solar plants has seen the most significant price drop: An 86% decrease since 2009. The report from Lazard shows that it costs approximately $50 to produce 1 megawatt-hour of electricity from a…

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