Monday, December 8, 2008

Will Solar Power Ever Be As Cheap As Coal?

Wafer handlers: Senior photovoltaic engineer Adam Lorenz works on some solar wafers. The company he works for, 1366 Technologies, aims to convert sunshine into power as cheaply as coal-burning power plants do. (Melanie Stetson Freeman/Staff)

From The Christian Science Monitor:

Some predict that within five years, it could rival fossil-fuel energy.

Lexington, Mass.

“Solar power is the energy of the future – and always will be.”

That tired joke, which has dogged solar-generated electricity for decades due to its high cost, could be retired far sooner than many think.

While solar contributes less than 1 percent of the energy generated in the United States today, its costs are turning sharply downward.

Whether using mirrors that focus desert sunlight to harvest heat and spin turbines or rooftop photovoltaic panels that turn sunshine directly into current, solar is on track to deliver electricity to residential users at a cost on par with natural gas and perhaps even coal within the next four to seven years, industry experts say.

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