Here are a few of the highlights from Bill and Tim’s conversation…
“Since the 1970s, the price of panels has dropped over 400 times… and I think we will see the prices continue to decline over time.”
“The story now is how do those solar cells go into panels, how do those panels fit into a large or small project, and the cost on that later side; putting the project to use under the sun, connected to your house or the grid, that is really where the innovation is going to come for the next 10 or 20 years.”
“People are concerned about price shocks and that it’s going to drive up the price of panels… but there’s a great report mentioned in my book that says if the price of lithium goes up 5 times, the price of lithium ion batteries only goes up 1%-2%. The fact is, while they are rare materials, we use so little of them.”
Tim Echols is a two-term Georgia Public Service Commissioner and host of the Energy Matters Podcast and radio show. If you’re interested in learning more about Commissioner Echols be sure to check our Freeing Energy Podcast episode with him!