Costs of Solar Power Drop Enough to Achieve Parity With Coal in...

Costs of Solar Power Drop Enough to Achieve Parity With Coal in Australia

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Photo by Sun StarThe Photovoltaic Association in Australia says the drop in cost of producing power from solar panels has made solar power competitive with coal-generated grid power.

Solar power generated by photovoltaic cells on rooftops has become so cheap and efficient that they now produce electricity for the same price that is charged by the electricity grid. Australia is one of the first countries in the world for such solar power to reach what is known as ‘grid parity’.

 

(READ the story from ABC News)

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