This article discusses how the price of renewable energy is continually dropping, easily competing with fossil fuels.
Fields of solar panels and hilltop wind turbines are an increasingly common sight nationwide. And as demand for clean energy grows, costs are falling fast.
Chris Namovicz is with the U.S. Energy Information Administration.
Namovicz: “As you manufacture more and as you install more, the manufacturers and the installers learn to do things more efficiently. For solar generation, install costs have come down 40 to 50 percent in the last five years for which we have data.”
The systems are also getting more efficient.
Namovicz: “For wind, in particular, the productivity of the turbines has improved quite a bit over the last five, 10, 15 years, and so that helps reduce the total cost to own and operate the system.”