Solar Power, Green News. Economy, Business News

from http://www.miamiherald.com/2010/08/09/1767743/solar-power-now-cheaper-than-nuclear.html?utm_source=MoggyTweet&utm_medium=GreenBizDaily

According to news aggregator Energy Collective, a historic era is upon us because solar power has become affordable. More specifically, solar power has become cheaper than nuclear power.

The article sites researchers from Duke University in North Carolina, who found that the cost of “producing photovoltaic cells (PV) has been dropping for years … at the same time, estimated costs for building new nuclear power plants have ballooned.” Thus, it’s cheaper to put solar panels on houses than to build a new nuclear power plant to service them.

According to the article, this is a crossover moment because the researchers haven’t even considered other pros and cons of solar power, including that North Carolina is not a “sun-rich” state. Other states with more sunshine could see more cost savings. The article also references an up-and-coming trend in solar power called concentrating solar power or CSP. According to the story, CSP “promises utility-scale production and solar thermal storage.” This means that even after sunset, CSP-fitted homes can generate electricity.

5 Responses to Solar Power moves ahead of Nuclear energy in efficiency- Green News- Tech

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