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Inexpensive Solar Panels Are Essential for the Energy Transition. Here’s What’s Happening With Prices Right Now

Inside Climate News · By Dan Gearino · last updated
A rising supply of silicon is one of the factors behind a drop in solar panel prices globally.

By Dan Gearino

One of the keys to feasibility of the energy transition is that the new sources of electricity cost less than the old ones—hopefully a lot less.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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