The Economics of Solar Power
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The Economics of Solar Power
Renewable energy, especially regarding current climatic changes, continues to receive increased attention around the world. Solar power continues to increase in relevance while decreasing in prices among consumers. However, the use of fossil fuels like coal and natural gas continues to dominate energy consumption around the world. Current research shows that fossil energy accounts for more than 80% of sources of energy around the globe (Nath, 2018)v. Nonetheless, initiatives like the reduction of cost associated with solar power contribute to the growth of the energy source. According to the analysis the price of one watt of solar energy dropped from $10 in 2000 to $4 in 2014…
(350 words)