New US Solar Record — 2.155 Cents Per kWh! (with Escalator for Inflation) | CleanTechnica

New US Solar Record — 2.155 Cents Per kWh! (with Escalator for Inflation) | CleanTechnica

We have seen solar power in the Middle East come into the low 2 cents per kilowatt-hour (kWh) range. We have seen it under 2 cents per kWh in Mexico. Misguided, casual observers claimed these prices only occurred due to heavily exploited labor, but now we have also seen 2.155 cents per kWh in the United States (h/t RenewEconomy). This contract was one of six contracts that Nevada Power recently signed. All 6 contracts came in under 3 cents per kWh. Update: This particular project had a 2.5% per year escalator for inflation. Another project had a higher price/kWh in the first year but with no escalator it came to an average of 1.795¢/kWh over the 25 year PPA period.

via Updated: New US Solar Record — 2.155 Cents Per kWh! (with Escalator for Inflation) | CleanTechnica