A Bright Future

Opinion, Weekend Sunrise

Australia’s future is in solar energy.

Consider this. Since 1977 the cost of photovoltaic cells (PV) has dropped by over 99%, from $76/watt in 1977 to $0.36/watt in 2014.

Watt does that mean? Well a typical 4 kW system – which can essentially power all household needs – is now about $6,000. Solar panels are constantly getting cheaper and more efficient and they will continue to do so.

Source: Bloomberg, New Energy Finance

Source: Bloomberg, New Energy Finance

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