Natural gas’s dominance as power-plant fuel in the US is fading fast as the cost of electricity generated by wind farms and solar projects tumbles, according to Guggenheim Securities.

Utility-scale solar is now about a third cheaper than gas-fired power, while onshore wind is about 44% less expensive, Guggenheim analysts led by Shahriar Pourreza said Monday in a note to clients.

  • readbeanicecream@beehaw.orgEnglish
    2·
    3 years ago

    I prepped my gas generator yesterday as part of my hurricane season prep. The whole time, between expletives, I fantasized about going solar.

  • bettyspaghetti@beehaw.orgEnglish
    1·
    3 years ago

    That’s incredible. I hadn’t been paying attention to the cost of solar in the last few years because I live in a community with an HOA that doesn’t allow solar panels. Smh.

  • cavemeat@beehaw.orgEnglish
    1·
    3 years ago

    Oh this is excellent news, since the profit monkeys might start seeing dollars and we finalky start mass migrating to solar power.