Solar on-site energy is cheap
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Solar energy is now the world''s cheapest source of power,
Oct 6, 2025 · Solar energy is now so cost-effective that, in the sunniest countries, it costs as little as £0.02 to produce one unit of power, making it cheaper than electricity generated from coal,
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Jul 22, 2025 · In 2024, solar photovoltaics (PV) were, on average, 41% cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53% cheaper. Onshore wind
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FAQS 4
How much does solar energy cost?
Solar energy is now so cost-effective that, in the sunniest countries, it costs as little as £0.02 to produce one unit of power, making it cheaper than electricity generated from coal, gas or wind, according to a new study from the University of Surrey.
Is solar energy cheaper than fossil fuels in 2024?
In 2024, solar photovoltaics (PV) were, on average, 41% cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53% cheaper. Onshore wind remained the most affordable source of new renewable electricity at USD 0.034/kWh, followed by solar PV at USD 0.043/kWh.
Is solar the cheapest option for large-scale energy generation?
Professor Ravi Silva, co-author of the study and Director of the ATI at the University of Surrey, said, "Even here in the U.K., a country that sits 50 degrees north of the equator, solar is the cheapest option for large-scale energy generation.
How much does a solar plant cost?
Utility scale solar projects had a range of $38 to $78 per MWh. A new combined-cycle natural gas plant, by contrast, had a cost of $48 to $109. But an existing gas plant had a cost range of $24 to $39 per MWh. Even existing coal plants are potentially competitive, having a range of $31 to $114 per MWh.
