Energy Department announces ten-year plan to reduce solar energy cost by 60 percent

[rangerrebew]

Energy Department announces ten-year plan to reduce solar energy cost by 60 percent

04/20/2021 / By Ramon Tomey

Biden administration officials announced a plan to reduce the cost of solar energy by 60 percent within the next ten years. This goal, set by the Department of Energy (DOE), aims to reduce the cost of utility-scale solar energy by 2025 and 2030. According to officials, the move was essential to achieving the 100 percent clean energy by 2035 objective set by President Joe Biden.

In a March 25 statement, the DOE said it would strive to reduce the cost of solar energy, currently at 4.6 cents per kilowatt-hour, to 3 cents by 2025 and 2 cents by 2030. It also announced new funding worth $128 million for solar energy – intended to lower its cost, improve its performance and expedite its deployment. Most of the funding would be allocated to research on thin-film solar and concentrating solar-thermal technologies.

DOE Secretary Jennifer M. Granholm said: “In many parts of the country, solar is already cheaper than coal and other fossil fuels – and with more innovation, we can cut the cost [of solar] again by more than half within the decade.”

https://www.climate.news/2021-04-20-energy-department-announces-plan-reduce-solar-cost.html

[rangerrebew]

This has a strange sameness as the notorious communist 5 year plans.

[Fishrrman]

"Energy Department announces ten-year plan to reduce solar energy cost by 60 percent..."

After ten years:
- The costs will have risen,
- The quality of the panels will drop, and
- The output of the panels will be no better, and perhaps worse, than they produce now.