3 ms·
It depends on how you operationalize the claim and when you start the timer. In 1975, the cost per watt for solar PV modules was $105.70 per watt, when normali
by ebiester 4y ago
It depends on how you operationalize the claim and when you start the timer.
In 1975, the cost per watt for solar PV modules was $105.70 per watt, when normalized for inflation. In 2020, that number was $0.20 per watt. (Source: https://www.iea.org/data-and-statistics/charts/evolution-of-solar-pv-module-cost-by-data-source-1970-2020 https://www.iea.org/data-and-statistics/charts/evolution-of-... )
That a 528x improvement. If the price goes down in half again, quite possible with economies of scale, you have 1000x better in a significant measurement that counts.