MSNBC reports that Katsuhiko Machida, president of Japan�s Sharp Corp., the world�s largest maker of solar cells, expects the cost of solar power generation to be cut in half by 2010. Solar electricity now costs about $0.50 per kilowatt hour to produce.
Machida also predicted the cost of solar to comparable with that of nuclear power by 2030, and that the use of fossil fuel �will be totally out by then.�
With the price of oil going up (except for the downward blip the past 2 months) and the price of everything else coming down, it seems like it's just a matter of time before Mr. Machida is right, we'll all be using something other than oil.
Thanks to Solar Energy Investing for the tip.
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