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How solar energy got so cheap, and why it's not everywhere (yet)

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It's astonishing, but clean energy from the sun, solar energy, has become the

cheapest way to generate electricity.

It's even cheaper than coal.

And yet it produces only three percent of the world’s electricity.

Why aren't we using way, way more of it?

How did it get so cheap?

And what does all this have to do with...

ducks?!

Let's find out.

First, let's take a look at how much the price for solar has fallen.

"I started this job as an analyst for solar in 2005 and then I thought solar was

ridiculously expensive."

Jenny Chase is the head solar analyst at research firm BloombergNEF.

"You'd pay about 4$ a watt for a solar panel.

And today, you'd pay about 20 cents for that same watt."

And that is just the last fifteen years.

If you look further back, the price drop is even more impressive.

How did this happen?

"It's been a long story – but it's unbelievable!"

Gregory Nemet has written a book about this.

"No one country did it. It was an exchange of one country building on another.


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