Just last week, the average price of a gallon of unleaded gas in St. Louis was $3.20. By Monday, the average price for regular gasoline on the Missouri side of the St. Louis region reached $3.59 a gallon, according to AAAâs Daily Fuel Gauge Report. Thatâs up 28 cents from this time last year.
But, by 2016, Deutsche expects solar energy to reach price parity in all 50 states. For example, the cost of solar-generated electricity in the top 10 states for capacity ranges from 11-15 cents per kilowatt hour (c/kWh), compared to the retail electricity price of 11-37 c/kWh.
In addition, costs for fossil fuels may creep up due to raw material costs, shipping costs, and possibly carbon dioxide taxes. At an installed price of $1.25 per watt, the cost of PV solar is always cheaper than coal. At $2 per watt, it is cheaper after year 40.At $3.00 per watt, it is cheaper about year 80. It is expected that PV solar costs will reach conventional coal parity by 2017. As a result, no new coal plants are expected to be initiated, although some current coal plants will likely be upgraded.t $2 per watt, it is cheaper after year 40. At $3.00 per watt, it is cheaper about year 80. It is expected that PV solar costs will reach conventional coal parity by 2017. As a result, no new coal plants are expected to be initiated, although some current coal plants will likely be upgraded.