7 charts prove that the cost of solar energy is falling

VOX Media recently published an article highlighting select charts that push forward the idea that solar energy is growing, for one, and that costs are falling. The article concluded that module efficiency is improving, and so is the average capacity factor of utility-scale PV plants.

So how about we see these charts and make that judgement for ourselves?

The article started by setting the scene with this first chart below. It shows historic and projected solar power capacity additions, by technology.

Derick Lila

Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has over a decade of solar industry research, marketing, and content strategy experience.