NewEnergyNews More: More On The Solar Bargain

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  • Tuesday, November 22, 2016

    More On The Solar Bargain

    Solar Energy Is Cheaper Than You Think

    Travis Hoium, November 19, 2016 (Motley Fool via

    “…[The solar industry faces] a lot of uncertainty…[Post election, stocks like SunPower Corp, First Solar, SolarEdge, and Canadian Solar fell] by double digits…[The Trump] administration won't be as friendly to solar energy, but at this point it may not matter…[Because of progress over the past six years, solar] is rapidly becoming competitive and will be good for jobs, energy security, and businesses…[Driven by President Obama’s SunShot program,] the solar industry has reached most of its 2020 [cost reduction] goals…[and is now] viable for most homeowners…[Utility-scale solar is] lower cost than new fossil fuel generation in some states today, and could compete with wholesale prices by 2030…At the pace cost reductions are taking place, there's no stopping solar energy…[B]y 2030 it'll be the low cost energy source for most of the country. What investors need to see next is developers like First Solar, SunPower, and Canadian Solar winning bids to sell energy to utilities around the country, turning the promise of low cost solar into profitability…” click here for more

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