Excuse me, again, for spoiling a lovely news day of blood and disaster with some good news. Sorry, the news about solar just gets better and better. This is from Deutsche Bank (sorry, huge corporate bank) report on Bloomberg News (corporate business news, sorry). I guess big corporations arent really into killing solar power. (I know some of you will say, yet.) Anyway, fracking, together with slowing economies in China and Europe are killing big oil prices, but, even so, (as the article says) the efficiencies of solar are rapidly matching the price of other sources of electricity. After years of struggling against cheap natural gas prices and variable subsidies, solar electricity is on track to be as cheap or cheaper than average electricity-bill prices in 47 U.S. states -- in 2016, according to a Deutsche Bank report published this week. That’s assuming the U.S. maintains its 30 percent tax credit on system costs, which is set to expire that same year. Even if the tax credit drops to 10 percent, solar will soon reach price parity with conventional electricity in well over half the nation: 36 states. Gone are the days when solar panels were an exotic plaything of Earth-loving rich people. Solar is becoming mainstream, and prices will continue to drop as the technology improves and financing becomes more affordable, according to the report.
Posted on: Wed, 29 Oct 2014 16:15:11 +0000
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