Tuesday, October 4, 2022
HomeTechNatural gas is more expensive than solar energy!

Natural gas is more expensive than solar energy!

Solar energy panel utilization is growing every day, but their costs have started to drop dramatically. The globe has switched its attention to renewable energy while bidding farewell to fossil fuels. Solar energy naturally comes to mind when discussing sustainable energy sources. Solar panels are being used more often every day. As a result, more solar power plants are being erected as costs are coming down.

Solar energy is getting cheaper. The Berkeley Laboratory of the US Department of Energy just released its yearly review of solar energy in the US. Officials claim that solar farms set up in 2021 account for approximately half of the output capacity. The use of solar energy is anticipated to increase during the next few years.

image: solar nrg

It is expected that solar energy will become more prevalent across the nation in the upcoming years. The launch button for solar cells in orbit has been depressed!

Costs have significantly fallen in recent years as a result of the rise in solar panel production. In fact, building and running a solar farm in the US is now less expensive than purchasing fuel for an existing natural gas plant.

The US added over 12.5 gigawatts of new capacity last year, raising the total installed capacity to more than 50 gigawatts when large-scale solar power facilities are included.

With recent improvements, some American regions are already using 25% of their entire energy from solar sources. The price of power generated by solar fields has begun to decrease concurrently with the reduction in installation costs. It is anticipated that power costs would continue to drop as solar farms are increasing. It is believed that tensions with Russia in particular will accelerate the trend for solar energy.

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