Falling PV costs making subsidies unnecessary in Europe

Solar photovoltaics are now cost-effective in many European countries even without public support. A recent article in The Financial Times quotes Jason Channell of Citigroup as saying: “We’re at a point now where demand starts to be driven by cold, hard economics rather than by subsidies, and that is a game changer.” An analysis of remodeling and construction permit data from 77 municipalities around the United States reveals that solar installations — primarily photovoltaic rather than solar thermal — grew by a third last year alone.

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