Solar prices reach historic lows
The International Energy Agency’s World Energy Outlook concludes that solar energy applications are less expensive than coal and gas in most major countries around the world.
That’s also great news for the planet’s environmental health. Models show the rise of renewable energies and the decline of oil demand will help put a lid on CO2 emissions, making a significant contribution to our efforts to fight back against climate change.
The agency, a leading authority on global energy systems and the future of energy, predicts explosive growth in the solar industry as more home and business owners realize the value and competitive pricing of solar.
By 2040, there will be 43 percent more solar output as more consumers get access to clean and affordable energy alternatives, according to the outlook report.