Solar Less Than 5¢/kWh in Austin, Texas! (Cheaper Than Natural Gas, Coal, and Nuclear)

Here's a milestone to mark.  Solar power is apparently going to be sold to Austin Energy for a tiny bit less than 5¢/kWh under a new 25-year power purchase agreement (PPA) with SunEdison. Austin Energy says the deal will even lower electric rates a bit.

It's from no small project either.  It's from two solar power plants totaling 150-megawatts of capacity -- a 350,000-panel, 100-megawatt facility; and a 150,000-panel, 50-megawatt facility nearby.

Solar Less Than 5¢/kWh in Austin, Texas! (Cheaper Than Natural Gas, Coal, and Nuclear)