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Journal Article
Bringing down green financing costs: how a state-sponsored bank might be the key
The costs of clean energy solutions are falling. As one example, solar panel prices are down more than 50 percent in the last three years. Costs of batteries, wind turbines, and fuel cells have also declined. As promising as that is, soft costs?installation, permitting, and financing?now account for nearly two-thirds of the cost of a residential solar system, and they have not declined. There is little hope of providing clean energy solutions at scale until the soft costs are brought under control. One promising innovation is a state-sponsored ?green bank? to lower finance costs for the ...