Clean energy prices stand far below fossil fuels

February 12, 2018

No Turning Back

The solar industry has always been one of great longterm economic and environmental value.

Price restrictions and manufacturing power long hindered its ability to compete with fossil fuels.

Yet in 2018, the solar market has finally caught up to fossil fuels

The solar industry is poised to continue to grow in 2018 — and never look back.

According to a report by Freeing Energy Project, the price of bids for clean energy projects at Xcel Energy came in significantly lower than those of fossil fuel projects.

Xcel Energy is a utility company “…that serves 3.3 million people across 8 states.”

The utility planned to close two coal plants within the next decade, but did so earlier than expected in its clean energy efforts.

Price Projections

The average price per kilowatt hour of clean energy is significantly lower than fossil fuels.

According to Freeing Energy Project, the average price per kWh to start a coal plant was 13 cents, while the average American electric rate clocks in at 10.3 cents.

Compared to solar (3.0 cents) and wind (1.8 cents), coal is both environmentally and — now — economically inefficient.

How to make the switch

Solar is a confusing process — we get it, and we’re here to help.

Our program managers will take as much time as you need to explain the minutiae and confusing elements.

If you are interested in making the switch before we come to you, click here to learn more about the NY – Sun program and speak with one of our program managers.

To learn more about solar facts and myths, click here.

Photo credit: Perceptions

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