Cheapest energy sources – Solar energy is set to become the cheapest source of electricity in many parts of the world within the next 10 years, according to a new report released by German think tank, Agora Energiewende.

The report was commissioned by the independently funded organisation, designed to steer towards renewable energy target. Australian markets have exploded with cheaper energy production amidst the growing electricity bills. The cost of living is skyrocketing and yet those with solar photovoltaic systems have consistently lower power bills. By investing in solar power systems, you can save money. Contact us to find out how much you can save with our expertise in solar solutions. We offer battery solutions for complete energy independence with top quality and reliable brands such as Fronius and BYD. With the falling costs in solar panels, you can save even more with the Commonwealth Government’s rebate scheme for small-scale technology certificates or STCs. The cheapest energy source is one that you produce independently and can even sell back to the grid with the feed-in tariff.

Chief executive officer Dr Patrick Graichen said they wanted to see if recent falls in the cost of photovoltaics would continue.

“The finding is there’s no end to the cost decline in photovoltaics,” he said.

“The technology still has further improvements so we expect that within the next 10 years photovoltaics will become, in many regions of the world, the cheapest source of electricity.”

Read the full story
http://abc.net.au/news/6251322

Download the ABC app:
http://ab.co/app