IEA Confirms Solar is Now ‘Cheapest Electricity in History’
In 2020, the International Energy Agency (IEA) released its World Energy Outlook report. This annual report is a treasure trove of insights and analysis on the global energy landscape – exploring everything from electricity generation, to demand for oil and gas, to renewable energy growth. The long-awaited 2020 report confirmed that solar is now ‘the cheapest electricity in history’. This means that homeowners who install solar panels (PV) can save a significant amount of money on their energy bills. The news came at a time when global warming and climate change awareness is at an all-time high, and people are looking for ways to reduce their environmental impact.
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