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Original title: ☀️ 🏭 When will the US meet the target LCOE of 2¢/kWh for utility-scale photovoltaics? (edited 3/30/23 for scannability)
- Levelized Cost of Energy (LCOE) is a metric for measuring the net present value of building (renewable) energy capacity.
- The goal set by the US Department of Energy is to reach this target by 2030.
- It is modest, considering that solar currently accounts for 3% of US power generation.
- To decarbonize the grid by 2035, solar would need to account for something like 40%.
- The goal set in 2011 to reach an LCOE of $0.05 per kWh by 2020 was met three years early.
