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Solar Plant Costs per kW Explained
You’ve probably heard solar is “cheap now” – but here’s the catch: cost per kW for utility-scale projects jumped 18% globally since 2020. Wait, doesn’t that contradict the “solar is getting cheaper” narrative? Well, it’s complicated. While panel prices dropped 40% in five years, balance-of-system costs (think labor, permits, grid connections) skyrocketed. In Arizona, a 100MW plant that cost $1.2M/MW in 2019 now runs $1.5M/MW. Ouch.
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