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Rapid innovations are driving down the cost of solar electricity. The cost decline is such that General Electric Co. Global Research Director Mark Little predicts solar power could be cheaper than nuclear and fossil fuel power in three to five years. Solar cell costs have fallen 21% so far in 2011, and both General Electric and Swiss Federal Laboratories for Materials Science and Technology reported record efficiency levels for their thin film cells. Is this the solar light at the end of the tunnel for parity with conventional power sources?
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