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German Solar Power Production Costs Could Beat Fossil Fuels by 2020

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Germany’s solar power subsidies still fascinate and amaze me. The same goes with the well-known German exactness, which has calculated that the price solar power in their country is estimated to outweigh the price of coal and fossil-derived energy.

The solar power production costs will be as low as 12.6 eurocents per kilowatt-hour by 2020. At the same time, fossil fuel electricity costs around 15.6 eurocents. The study and estimation has been made by Phoenix Solar AG, of course, a German solar panel manufacturer.

The study also suggests that the current costs of building and commissioning new natural gas and coal-fired power plants are higher than the costs of solar cells production, which is currently around 23.8 cents per kWh.

“This year was the first time that the economic benefits of installed solar panels are greater than the costs,” he said, citing the study, which considered the benefits of tax revenues and lower carbon dioxide emissions.

Of course, solar power should be subsidized properly all over the world, just like in Germany, for the effects to be the same as there. We can’t hope as much as that, but if one country can offer such an example, the rest of the economy should follow it.

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