As technologies mature, prices drop. And we’ve been hearing a lot about the drop in the price of generating and transmitting renewable energy as those technologies have grown from pie-in-the-sky dreams to everyday realities. Yet many people still think of rooftop solar photovoltaic (PV) systems as unaffordable luxuries.
Now a new report called Going Solar in America, prepared by the North Carolina Clean Energy Technology Center with the support of the U.S. Department of Energy’s SunShot Initiative, shows how the plummeting costs of going solar could already make it the more economical choice for energy consumers in 42 of the U.S.’s 50 largest cities. It found that in those cities, a fully financed solar system would cost average residential consumers less than they would pay for electricity from their current local utility.