Michael Sankowski writes:
My calculations show that if solar maintains 5 more years at current 23% rates per year price drops, solar power will be cheaper than using existing coal plants. That’s right – it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy.
But it seems true looking at the data.
It is often inaccurate to extrapolate price decreases over a long period, but I hope that he is right.