|Southern African Renewable and Alternative Energy Association (SAAEA)|
The chart above shows the past trend and a future projection made by an MIT professor for solar pricing. If this projections holds, the price of solar energy could come down to one fourth of what it is today by 2020. This projection does not even include the subsidies and buy-back programs that governments around the world are offering to encourage the use of solar energy, which could further reduce the prices in the future.
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Testing and Commissioning of Battery Energy Storage Systems.
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