How the world works
Technology & the future
Solar power learned through repetition
From Gregory F. Nemet · How Solar Energy Became Cheap
The cost of solar photovoltaic modules fell dramatically over decades while factories grew, supply chains specialised and manufacturers learned to waste less material. This is often described by an experience curve: historically, each doubling of cumulative production has been associated with a fairly regular percentage decline in unit cost. Deployment and improvement reinforced one another.
That pattern is historical, not a law guaranteeing the next decline. Module prices are only part of a solar project; finance, grids, land, labour and permitting can dominate. Supply chains also carry environmental and labour risks. A plausible future has abundant cheap modules but uneven cheap electricity, depending on whether institutions build the connections and storage around them.