NewEnergyNews: Solar Rising On Record Affordability, New Technology

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  • Climate Change Goes Downtown
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  • Emerging New Energy Markets Are Key

    Thursday, July 07, 2016

    Solar Rising On Record Affordability, New Technology

    Solar Power Is Finding Its Day in the Sun; So should we stop subsidizing pricey rooftop installations?

    July 5, 2016 (Reuters via Fortune)

    “Solar power is on pace for the first time this year to contribute more new electricity to the grid than will any other form of energy—a feat driven more by economics than green mandates…The cost of electricity from large-scale solar installations now is comparable to and sometimes cheaper than natural gas-fired power, even without incentives aimed at promoting environmentally friendly power…[L]arge systems that sell directly to utilities dominate…are expected to account for more than 70% of new solar added to the grid this year, according to industry research firm GTM Research…Unsubsidized utility-scale solar power costs $50 to $70 per megawatt-hour (or 5 to 7 cents a kilowatt hour), compared with $52 to $78 for the most efficient type of gas plant, according to a 2015 study by investment bank Lazard…Generating power from residential rooftop panels is far more expensive, ranging from $184 to $300 a MWh before subsidies…In a bid to stay relevant, some rooftop solar companies are expanding their repertoire…SolarCity introduced a set of services for utilities, including development of solar power plants, battery storage, and other grid planning resources…[SunPower will offer solar systems with battery storage] as a ‘virtual power plant’ to utility Con Edison.” click here for more

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