The US Inflation Reduction Act (IRA) could become a transformative document, enabling a grand experiment in energy generation at a national level, according to a new report by Credit Suisse. It believes that the United States has an opportunity to become a global leader in clean energy, much like it is already in the fossil industry.
Among the many ideas discussed in the document is a striking prediction – there may be solar power projects whose levelized cost of electricity (LCOE) drops below a penny per kilowatt hour, bottoming around $0.004/kWh ($4/MWh) in 2029. We could see these prices as soon as 2025, and they could persist beyond 2030.
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Source: PV Magazine
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