The cost of solar power has declined dramatically over the past few decades, from $40 per watt in 1977 to $0.74 per watt in 2013. This trend is expected to accelerate as improvements in efficiency and new technologies come online. T
his is good news for citizens of developed countries who want to make the switch to a cleaner and increasingly cheaper energy source.
The shift to solar may be most dramatic for those living in developing countries. Thanks to inexpensive printed solar cells, 1.3 billion people currently without electricity may be able to plug in for the first time.