Grid Parity

I keep being surprised that people who should know this don’t.  This is from Wikipedia:

Photovoltaic production has been doubling every two years, increasing by an average of 48 percent each year since 2002, making it the world’s fastest-growing energy technology.[4]

For the last 40 years, every time the world production rate of PV doubles, the price falls by 18%.  See this earlier post for more information:  PV Price Declining Again

Grid parity, the point at which photovoltaic electricity is equal to or cheaper than grid power, is achieved first in areas with abundant sun and high costs for electricity such as in California and Japan.[77]

Grid parity has been reached in Hawaii and other islands that otherwise use fossil fuel (diesel fuel) to produce electricity, and most of the country is expected to reach grid parity by 2015.[78][79]

General Electric’s Chief Engineer predicts grid parity without subsidies in sunny parts of the United States by around 2015. Other companies predict an earlier date:[80] the cost of solar power will be below grid parity for more than half of residential customers and 10% of commercial customers in the OECD, as long as grid electricity prices do not decrease through 2010.[81]