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Solar is already down to $0.065/kWh for industrial applications [1]. That's $3.90/gallon at today's prices, and solar prices continue to fall. The DOE's 2020 t
by mshron 7y ago
Solar is already down to $0.065/kWh for industrial applications [1]. That's $3.90/gallon at today's prices, and solar prices continue to fall.
The DOE's 2020 targets came three years ahead of schedule. Their 2030 target is $0.04/kWh [2], which would work out to $2.40/gallon. Mix in the fact that a bunch of countries (and US states) have implemented carbon taxes and you've got yourself a good long term investment.
[1] http://solarcellcentral.com/cost_page.html http://solarcellcentral.com/cost_page.html
[2] https://www.energy.gov/eere/solar/articles/2020-utility-scale-solar-goal-achieved https://www.energy.gov/eere/solar/articles/2020-utility-scal...
- ballenf 7y agoDo those figures include gas taxes? Don't those make up a large part of the price at the pump?
- NortySpock 7y agoIn the US, gas taxes are low (I think I pay 15 cents per gallon tax on a total of $2.50 per gallon). Taxes are low as here in the US (a) many people hate taxes and (b) with such a low population density, commerce is very reliant on road vehicles. So raising taxes has an outsized impact on commerce.
- TaylorAlexander 7y agoCalifornia has higher gas taxes. Our gas is currently about $3.70 a gallon where I live.
- malyk 7y ago$4.29 for premium yesterday in oakland.
- icelancer 7y agoAbout that in parts of Seattle as well. Which is low given a few year rolling average. We should expect gasoline prices to rise, and fast. So anything that starts to look into economically viable options at $7-10/gallon is worth checking into now in a startup phase.