Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.
this post was submitted on 17 Nov 2023
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And this shows exactly why investing in nuclear is not the answer every tech bro thinks it is. Its far cheaper to built renewable and more importantly far far far quicker.
No it doesn't.
The price of solar can't continue on this trend forever. There's a point of diminishing returns.
Yes and no, the progress of solar array technology continues unabated, with multiple areas of research that are beginning to reach commercial applications. Module conversion efficiencies now are in the 20% range, but heterojunction cells, or Gallium Arsenide, or Perovskites, or any number of other possible advancements could easily put efficiencies up into the 30% range.
That being said, the price of the solar modules themselves has already shunk to a small piece of the cost to build a solar array, with the bulk of the costs now being the support structures, wiring, electrical equipment, labor, development, etc. And those costs aren't going to decline, they'd still be there even if the solar panels themselves were free, so they effectively set a floor to the cost reductions we're seeing.