Story behind the declining solar energy costs

1
DECLINING
SOLAR ENERGY COSTS?
2
What does
official statistics say?
According to Our World in Data research, the
renewable energy cost has drastically decreased
to 80 since 2010.
3
Story behind
declining solar energy costs
4
Research suggests that the declining solar energy
cost is due to learning curves and virtuous
cycles. The virtuous cycle in the solar energy
industry refers to a sudden increase in solar
energy demand in the Australian market.
5
Reasons behind
declining solar energy costs
6
Sunshine and wind energy are free and therefore,
businesses are opting for solar energy resources
instead of fossil fuels. Adopting solar energy
for operational purposes reduced the companys
expenses in comparison to fossil fuels.
7
Delay in
green transition?
8
Even though renewable energy sources are free and
cheaper to build when thinking of a new plant,
the metrics do not apply to existing fossil
fuels. As a result, there is a delay in the green
transition. Sometimes, the regulatory structure
of utilities is profitable to keep a coal gas
plant running.
9
Let's work
for a green future
Contact us or visit www.solaristech.com.au for
expert guidance about solar PV installation