Price Per Watt Solar Vs Coal

The most recent projections and estimates for different types of power plants are in levelized cost and levelized avoided cost of new generation resources in the annual energy outlook 2020 which includes estimated costs in dollars per megawatthour mwh based on a 30 year cost recovery period for various types of power plants that start.

Price per watt solar vs coal.

Incredibly over an eight year span from 2006 to 2014 worldwide average solar panel module prices have dropped over 75 from 3 25 per watt to about 72 per watt. At an installed price of 1 25 per watt per the above analysis the cost of pv solar is always cheaper than coal. The best way to compare solar energy and fossil fuels without subsidies is to examine global energy prices. Per the nrel the cost of utility solar was 1 06 per watt in 2018 from the table near the top of this page.

However after construction is completed solar costs just 8 per megawatt hour for operations and maintenance and of course solar has no fuel costs. Over the last decade wind energy prices have fallen 70 and solar photovoltaics have fallen 89 on average according to. However if you compare the kilowatt hour price a new solar array will generally beat a new coal fired power station. Until the past decade no alternative energy resource came close to rivaling that price.

A study led by the former head of the harvard medical school found that coal cost the us 500 billion per year in extra health and environmental costs approximately 9 kwh 90 mwh to 27. Of course it s all about location. 89 90 this is seen as evidence supporting swanson s law which states that solar cell prices fall 20 for every doubling of cumulative shipments. Prices per megawatt hour from electricity for coal fired power plants range from a low of 60 to a high of 143 according to lazard a financial advisory firm that publishes annual estimates of.

A solar energy system can absolutely help you insulate yourself against these fluctuations and increases. To get 876 000 mwh per year you would need a solar array with an output of 438 mw. Selected historical mean unsubsidized lcoe values 2009 2019. Global coal prices have historically averaged 0 06 cents per kilowatt hour kwh.

At a glance this seems like a disadvantage since you need over four watts of solar generation to displace one watt of coal power.