Report: Falling panel prices push solar generation past nuclear globally
Energy analyst Kingsmill Jones says a sharp drop in solar panel prices in 2023-24 has made solar power unusually cheap, with panels now costing well under $100 and capable of generating electricity for 30 to 40 years with minimal maintenance. He describes the resulting cost level as 'offensively cheap,' pointing to solar's rapid expansion relative to nuclear power.
GoKawiil's interpretation of the reporting above, not reported fact.
If panel costs keep falling at this pace, solar could continue outpacing nuclear in new capacity additions, reshaping investment priorities in the energy sector. Cheaper long-lived panels suggest lower long-term electricity costs, which could accelerate the shift away from traditional baseload power sources like nuclear and fossil fuels, according to Jones' framing.
- Solar panel prices dropped sharply in 2023-24
- Panels now cost well under $100 and last 30-40 years
- Solar generation capacity is reportedly overtaking nuclear
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Published there as: “'It's offensively cheap': Solar power is quietly becoming bigger than nuclear”
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