Solar power costs up to 3x as much as fossil fuels, nuclear and wind power
10/23/2020 / By Cassie B.
Solar power might sound like a great alternative to other types of energy on the surface, but when it comes to cost savings, the numbers might surprise you.
Last year, the average wholesale price in the U.S. for electricity generated using solar photovoltaic, or PV, technology was significantly greater than the average wholesale price for electricity from other sources.
According to the Power Operations Report from the U.S. Energy Information Administration, the weighted average wholesale price for electricity generated by solar PV was $83 per MW hour in 2019. This is more than double the price that was paid to producers of electricity that was generated by nuclear, fossil fuel or wind power. The wholesale electricity prices are the prices paid by electricity retailers like utilities to those who produce the electricity, such as the owners and operators of power plants.
https://www.climate.news/2020-10-23-solar-power-costs-3x-as-much-as-fossil-fuels.html
