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The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW, so cost is reduced by almost half.
In 2009, Florida Power & Light built the state's first solar power plant, the FPL DeSoto Next Generation Solar Energy Center. At the time, the 25-MW plant was the largest of its kind. In 2010, FPL built the world's first hybrid solar-natural gas energy center. [9] [10]
If this system costs $5,000 to install ($5 per watt), very conservative compared to worldwide prices, the LCOE = 5,000/29,675 ~= 17 cents per kWh. This is lower than the average Japanese residential rate of ~19.5 cents, which means that, in this simple case which skips the necessary time value of money calculation, PV had reached grid parity ...
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In 2020, the average price of electricity in Florida was 10.06 cents per kWh, ranking 21st-highest in the United States. The carbon dioxide produced was 848 lbs per MWh, ranking 24th in the United States. [2] The average price of electricity for residential use was 13.70 cents/kWh in February 2022, compared to 11.92 cents/kWh in February 2021. [4]
The decision allows the state's solar market to be restored. The ruling determined that the rate would decrease from 11 cents per kilowatt-hour to 2.6 cents, while the monthly service fee increase from $12.75 to $38.51. [60]
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