Solar power has been touted as the cheapest available source of energy for several years now. Solar power proponents have been talking about the consistent decline in the cost of raw materials and panel production. They have also talked about LCOE. The levelized cost of energy is a metric that fans of wind and solar like to cite often. It is calculated using a simple formula where you divide the sum of cumulative costs for an energy project over its lifetime by the amount of total energy the project will generate over its lifetime. With this formula,…
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