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Environment & Energy
Related: About this forumHere Comes the Sun: America's Solar Boom, in Charts
http://www.motherjones.com/environment/2014/11/solar-energy-power-boom-charts[font face=Serif][font size=5]Here Comes the Sun: America's Solar Boom, in Charts[/font]
[font size=4]It's been a bit player, but solar power is about to shine.[/font]
By Tim McDonnell | Fri Nov. 7, 2014 6:30 AM EST
[font size=3]Last week, an energy analyst at Deutsche Bank came to a startling conclusion: By 2016, solar power will be as cheap or cheaper than electricity from the conventional grid in every state except three. That's without any changes to existing policy. In other words, we're only a few years away from the point where, in most of the United States, there will be no economic reason not to go solar. If you care about slowing climate change or just moving toward cleaner energy, that is a huge deal.
And solar energy is already going gangbusters. In the past decade, the amount of solar power produced in the United States has leaped 139,000 percent. A number of factors are behind the boom: Cheaper panels and a raft of local and state incentives, plus a federal tax credit that shaves 30 percent off the cost of upgrading.
Still, solar is a bit player, providing less than half of 1 percent of the energy produced in the United States. But its potential is massiveit could power the entire country 100 times over.
So what's the holdup? A few obstacles: pushback from old-energy diehards, competition with other efficient energy sources, and the challenges of power storage and transmission. But with solar in the Southwest already at "grid parity"meaning it costs the same or less as electricity from conventional sourcesWall Street is starting to see solar as a sound bet. As a recent Citigroup investment report put it, "Our viewpoint is that solar is here to stay."
[/font][/font]
[font size=4]It's been a bit player, but solar power is about to shine.[/font]
By Tim McDonnell | Fri Nov. 7, 2014 6:30 AM EST
[font size=3]Last week, an energy analyst at Deutsche Bank came to a startling conclusion: By 2016, solar power will be as cheap or cheaper than electricity from the conventional grid in every state except three. That's without any changes to existing policy. In other words, we're only a few years away from the point where, in most of the United States, there will be no economic reason not to go solar. If you care about slowing climate change or just moving toward cleaner energy, that is a huge deal.
And solar energy is already going gangbusters. In the past decade, the amount of solar power produced in the United States has leaped 139,000 percent. A number of factors are behind the boom: Cheaper panels and a raft of local and state incentives, plus a federal tax credit that shaves 30 percent off the cost of upgrading.
Still, solar is a bit player, providing less than half of 1 percent of the energy produced in the United States. But its potential is massiveit could power the entire country 100 times over.
So what's the holdup? A few obstacles: pushback from old-energy diehards, competition with other efficient energy sources, and the challenges of power storage and transmission. But with solar in the Southwest already at "grid parity"meaning it costs the same or less as electricity from conventional sourcesWall Street is starting to see solar as a sound bet. As a recent Citigroup investment report put it, "Our viewpoint is that solar is here to stay."
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Here Comes the Sun: America's Solar Boom, in Charts (Original Post)
OKIsItJustMe
Nov 2014
OP
ladjf
(17,320 posts)1. The inevitable in about to happen. The is nothing the fossil fuel and nuclear interests
can do about it.
Over 4 billion years ago, the one cell organisms that "invented" photosynthesis showed us the way. Only now has the human realized the obvious inevitability and wisdom of using the sun's immense, constant and available power rather that gambling with burning fossil fuels, just as the cave men had done.
Congratulations Humans, you are just now moving out of the stone age and into the bright future of harnessing Solar Insolation. That one change will have a dramatic effect on the quality of life on Earth. It will eliminate the horrible destruction of the usage of fossil and nuclear fuels.
eridani
(51,907 posts)2. Cool graph included