The decline in solar energy costs is due to the technological revolution. But the question is why? Let’s find out some reasons behind declining solar energy costs.

1. D E C L I N I N G
SOLAR ENERGY COSTS?

2. What does
official statistics say?
According to Our World in Data
research, the renewable energy
cost has drastically decreased to
80% since 2010.

3. Story behind
declining solar
energy costs

4. Research suggests that the
declining solar energy cost is due
to learning curves and virtuous
cycles. The virtuous cycle in the
solar energy industry refers to a
sudden increase in solar energy
demand in the Australian market.

5. Reasons behind
declining solar
energy costs

6. Sunshine and wind energy are free
and therefore, businesses are opting
for solar energy resources instead of
fossil fuels. Adopting solar energy
for operational purposes reduced
the company’s expenses in
comparison to fossil fuels.

7. Delay in
green transition?

8. Even though renewable energy
sources are free and cheaper to
build when thinking of a new plant,
the metrics do not apply to existing
fossil fuels. As a result, there is a
delay in the green transition.
Sometimes, the regulatory structure
of utilities is profitable to keep a
coal gas plant running.

9. Contact us or visit www.solaristech.com.au
for expert guidance about solar PV installation
Let's work
for a green future