11 Dec '11, 11am

Group purchase gets residential solar to grid parity in Los Angeles

Group purchase gets residential solar to grid parity in Los Angeles

This post originally appeared on Energy Self-Reliant States , a resource of the Institute for Local Self-Reliance's New Rules Project . Back for a second round, the Open Neighborhoods organization in Los Angeles has organized another group purchase of residential and commercial solar PV, bringing the lifetime cost of solar well under the cost of grid electricity even for individual homeowners. The savings from the group purchase are enormous. With prices are around $4.40 per Watt installed for solar, Open Neighborhoods gets residential solar for $2 cheaper than the average residential-scale solar prices reported by the Solar Energy Industries Association for the second quarter of 2011. That equates to a 6-cents-per-kilowatt-hour savings on solar over 25 years. Even though solar power is typically cheaper in California than elsewhere in the U.S., the group purchase promises...

Full article: http://www.grist.org/solar-power/2011-12-05-group-purchas...

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