October 21, 2014

...AND CHEAPER...:

Solar power is casting a bigger shadow (BRUCE KENNEDY,October 14, 2014, MONEYWATCH)

During 2014's second quarter, photovoltaic (PV) installations in the U.S. went over the gigawatt mark for the third consecutive quarter, according to the Solar Energy Industries Association (SEIA). A gigawatt is equivalent to the amount of power needed for around 750,000 homes.

And while commercial solar power is still in its infancy (the Institute for Energy Research says solar makes up just 0.2 percent of the net energy produced in the U.S.), homes and businesses with solar panels are no longer considered an oddity. The SEIA says more than a half-million homes and businesses now have solar installations, and during the first half of 2014, 53 percent of all new electric capacity was from solar power.

Solar energy costs are also dropping. A report by the Department of Energy's Lawrence Berkeley National Laboratory says the cost of energy sold to utilities from large-scale solar power operations has fallen by more than 70 percent since 2008.

Posted by at October 21, 2014 5:31 PM
  

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