According to a new report in late June, cost of solar in the US is dropping much faster than expect due to the coronavirus. Over the next 5 years, home solar system costs will drop 17%, while commercial is expect to lower by 16% and utility-scale by 20%. As the economy is anticipated to drop by 4.9% this year due to the pandemic, the disruption has been bringing down electricity consumption and has resulted in some uncertainties about the future of power.
Solar is already among the world’s cheapest electricity sources. Read more: https://www.bloomberg.com/news/articles/2020-06-24/solar-power-costs-falling-even-faster-than-expected-due-to-virus
