29 Oct '14, 7pm

Game-changer: Rooftop solar will be at grid parity in all 50 U.S. states by 2016

Game-changer: Rooftop solar will be at grid parity in all 50 U.S. states by 2016

Right now, the cost of a rooftop solar photovoltaic (PV) system has reached grid parity - which means it costs the same or less than getting electricity from the power grid - in 10 U.S. states. That might seem like a lot, but it's just the beginning, according to the solar energy analyst at Deutsche Bank, Vishal Shah. In his latest industry report, he predicts that by 2016, solar rooftop will reach grid parity in 50 U.S. states. No need to tell you, this would be a watershed event, no doubt creating a new inflection point in the growth of solar power . DB/Screen capture The graph above shows Deutsche Bank's projections for total cumulative PV capacity in the US between 2007 and 2016. As you can see, it's a nice exponential curve with an impressive growth rate. From 1GW total in 2008, 2016 should have almost 47x more! In just 8 years! DB/Screen capture This graphs shows yea...

Full article: http://www.treehugger.com/renewable-energy/rooftop-solar-...

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