Solar power and storage prices have dropped almost 90%

interestingengineering.com Solar power and storage prices have dropped almost 90%

Berlin-based climate research institute Mercator Research Institute on Global Commons and Climate Change (MCC) has released a new study indicating that, in the last decade, the cost of solar power has dropped by 87 percent, and the cost of battery storage by 85 percent.

Solar power and storage prices have dropped almost 90%::undefined

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85-87% reduced in last 10 years
I was still quoted 40K CAD. 20 year ROI. Not feasible for me.
I hate to be pedantic, but the things in the picture are windmills... you know giant whirly things that are powered by wind... kind of very different from things that lie around and absorb sunlight.
I heard the prices dropped a lot around 2012 too. Why are solar installations still rare?
POV reading this headline while paying $0.4-$0.5 /kWh
If we use tax money, if it is important for entire world and survival of humans, then we wouldn't even care or notice
Ah yes. This is why batteries in Aus cost the same as they did 10 years ago. Capitalism working as intended
Maybe raw battery cost has reduced but installed storage is 30% more expensive than it was a couple of years ago, and it was too expensive then..
Thanks, China.
The reason include the increased efficiency of solar panels, government incentive measures, the widespread adoption of electric vehicles, and advancements of battery technology, especially lithium-ion batteries. solar and energy storage are expected to continue becoming more affordable, contributing to efforts to address climate change.
Tell me again about how we need to build more nuclear.

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