Sadly the cost of nuclear power is being pushed higher and higher by myriad regulatory roadblocks and uncertainties and the global economic downturn. Regulatory barriers and escalating front-end costs are stifling much-needed investment in the nuclear-power industry. Now, a Duke University study claims that, for the first time, โ€œElectricity from new solar installations is now cheaper than electricity from proposed new nuclear plantsโ€ in North Carolina.

As reported by The Energy Collective, the study says that โ€œWhen the cost of a kilowatt hour (kWh) of solar power fell to 16 cents earlier this year, it โ€˜crossed overโ€™ the trend-line associated with nuclear power. Of course, such โ€œcompetitivenessโ€ results from the lavish subsidies that solar power enjoys โ€” subsidies that do no good when the sunโ€™s not shining. Nuclear power is subsidized as well, but on a levelized basis (meaning an output-per-subsidy comparison), there is no contest that nuclear power gives us the best bang for our buck. Rain or shine, we can split atoms.

Fast Company writes, โ€œthe fact remains that nuclear plants can pump out energy 24 hours a day. Solar plants canโ€™t. A long-lasting nuclear plant will most likely generate more energy per dollar invested than a solar plant ever could.โ€ And nuclear power, unlike solar, produces power on a commercial scale โ€” meaning, nuclear-power reactors generate so much electricity that you canโ€™t put them on your roof. So, before we throw photovoltaic panels a ticker-tape parade, letโ€™s be mindful of the limitations of intermittent renewables that are โ€œcompetitiveโ€ simply because U.S. taxpayers are forced to make them so.