06 Feb '15, 3pm

Solar: Energy, But Not Oil

Solar: Energy, But Not Oil

Solar will become so inexpensive that it will inevitably continue to gain market share from fossil fuels, starting with those used to generate electricity (coal, then natural gas), and then, as the global economy adapts to make better use of renewable electricity in more sectors (think electric cars), it will displace oil. The popular current question "when will renewables reach grid parity?" will seem quaint and even funny in less than a decade. As one report has revealed, "a recent sign of the progress that solar is making in taking over the world: In 42 of the 50 biggest U.S. cities, home to about 21 million single-family homeowners, solar power is now cheaper than electricity from the power grid."[iii] This is happening because, again, as demand increases, so does scale, investment, R&D advances, and declines in installation expense, all of which lead to fast-falling o...

Full article: http://www.altenergystocks.com/archives/2015/02/solar_ene...

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