Solar Is Now 33% Cheaper Than Gas Power in US, Guggenheim Says

https://web.archive.org/save/https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-10-03%2Fsolar-is-now-33-cheaper-than-gas-power-in-us-guggenheim-says

Natural gas’s dominance as power-plant fuel in the US is fading fast as the cost of electricity generated by wind farms and solar projects tumbles, according to Guggenheim Securities.

Utility-scale solar is now about a third cheaper than gas-fired power, while onshore wind is about 44% less expensive, Guggenheim analysts led by Shahriar Pourreza said Monday in a note to clients.

4 points · 7 comments · view on lemmy.world

7 Comments

readbeanicecream@beehaw.org · 2 pts · 3y

I prepped my gas generator yesterday as part of my hurricane season prep. The whole time, between expletives, I fantasized about going solar.

duskfall@lemmy.world · 1 pts · 1y
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bettyspaghetti@beehaw.org · 1 pts · 3y (4 replies)

That’s incredible. I hadn’t been paying attention to the cost of solar in the last few years because I live in a community with an HOA that doesn’t allow solar panels. Smh.

argv_minus_one@beehaw.org · 0 pts · 3y (1 reply)

Rooftops without solar panels are an eyesore.

bettyspaghetti@beehaw.org · 1 pts · 3y

Completely agree. A scorched earth from climate change is more of an eyesore than solar panels on rooftops but okay HOA.

BrooklynMan@lemmy.ml · 0 pts · 3y (1 reply)

maybe time to start bugging the HOA board

bettyspaghetti@beehaw.org · 1 pts · 3y

Yup a few of us have requested it be added to the agenda of the next meeting. I fucking hate HOAs.

cavemeat@beehaw.org · 1 pts · 3y

Oh this is excellent news, since the profit monkeys might start seeing dollars and we finalky start mass migrating to solar power.