What year will the cost of solar energy drop to 2 cents/kWh?
Mini
7
Ṁ4262030
2,029
expected
1D
1W
1M
ALL
The US Department of Energy launched the Sunshot Initiative in 2011 with the goal of reducing the cost of solar energy by 75% by the end of the decade, to about 6 cents/kWh at a utility scale. That goal was met in 2017.
The goal for 2030 was initially set at 3 cents/kWh, currently the goal is 3 cents/kWh by 2025, 2 cents/kWh by 2030.
This market resolves to the first year in which the utility scale cost of solar energy drops to 2 cents/kWh as reported by the Office of Energy Efficiency & Renewable Energy. The market close date may be adjusted if necessary.
Get
1,000and
1.00
1,0001.00Related questions
Related questions
Will the solar cell world efficiency record be beaten by the end of 2024?
5% chance
☀️ 🏭 When will the US meet the goal of 2¢/kWh for utility-scale photovoltaics?
How much will 1 kwh/year of residential solar cost in US cents in 2033
72% chance
☀️ 🏡 When will the US meet the goal of 5¢/kWh for residential photovoltaics?
What will the $/kWh price for battery cells be at the end of 2025
89
Will the U.S. get 5% of its energy from solar before 2025?
16% chance
What will the $/kWh price for battery cells be at the end of 2030
58
Will solar become the primary source of electricity in the US before 2040?
73% chance
Will a utility-scale solar PPA be made for <$10/MWh by the end of 2026?
85% chance
Will the levelized cost of electricity from utility-scale solar PV be less than $20/MWh by 2030?
85% chance