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2015-09-30. Price of Solar Energy in the United States Has Fallen to 5¢/kWh on Average.

posted Oct 14, 2015, 4:26 PM by Alan Gould   [ updated Oct 14, 2015, 4:27 PM ]
By Jon Weiner, News Center, Lawrence Berkeley Lab. For GSS Energy Use chapter 10. Excerpt: Solar energy pricing is at an all-time low, according to a new report released by Lawrence Berkeley National Laboratory (Berkeley Lab). Driven by lower installed costs, improved project performance, and a race to build projects ahead of a reduction in a key federal incentive, utility-scale solar project developers have been negotiating power sales agreements with utilities at prices averaging just 5¢/kWh. These prices reflect receipt of the 30% federal investment tax credit, which is scheduled to decline to 10% after 2016, and would be higher if not for that incentive. By comparison, average wholesale electricity prices across the United States ranged from 3 to 6 cents/kWh in 2014, depending on the region....  http://newscenter.lbl.gov/2015/09/30/price-of-solar-energy-in-the-united-states-has-fallen-to-5%C2%A2kwh-on-average/