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Michael Bateman's avatar

I love Casey Handmer's vision. I first came across his idea when he published his piece in Asterisk last year. But I can't get behind Casey's numbers. I work in project finance in solar and battery storage development and the numbers he uses as current prices are way off for what utility-scale solar and storage developers can get for pricing. I'm not saying his idea is wrong, or that we shouldn't do it, but I am saying that it will be more expensive than he is projecting for a number of years.

Folks love talking about how cheap solar panels are getting, but 1) most of those prices are not attainable for projects in the US due to tariffs/restrictions on buying panels from Chinese slave labor 2) modules only are part of the cost stack. I just saw quotes for modules at $0.30/W. NREL shows capex for utility scale solar near $1.50/W, which sounds high to me, I reckon it's closer to $1.10-$1.20/W for large projects (https://atb.nrel.gov/electricity/2024/2023/utility-scale_pv). That link has storage pricing too. Installation costs are getting MORE expensive as labor costs rise. Solar power is cheap, but it's not too cheap to meter, and I don't think it will be for some time yet, if ever.

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