Could Solar Energy really be the cheapest source of electricity?
The answer, according to a new report released by the International Energy Agency (IEA), is yes.
The IEA reported last week that in some parts of the world, solar power is now the cheapest source of electricity in history, thanks to policies encouraging renewable energy growth.
Sunshine is free, but the technology needed to turn it into usable electricity can be expensive. To encourage more people and companies to switch to solar power, countries can adjust their policies to make purchasing that equipment more affordable. Today, more than 130 countries have policies that lower the cost of building new solar installations. This is the first year that the IEA took such policies into consideration when calculating the cost of solar energy in its annual...