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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSolar has become the most cost effective electricity source
We have reached the turning point. Solar is the cheapest electricity source in the world now.
I realize the incoming Administration appointees are oil and coal invested special interests. My hope is they do the fiscal conservative thing and spend our tax dollars wisely helping solar rather than squander our taxes on poisonous petroleum based fuels for electricity production.
"A transformation is happening in global energy markets thats worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.
This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance."
https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind
yeoman6987
(14,449 posts)I can't believe how expensive it is. I wanted them for my roof in Florida. My neighbor paid 30K. Got back 18K with taxes but still paid 12K. The electric bill is around 30 to my 100. I'd still like to though when they become affordable.
Cicada
(4,533 posts)His $70 monthly savings will become $71 next year, then $73 etc.
And can't he get a second mortgage for the a net cost of $50 per month, so it's basically cost free?
yeoman6987
(14,449 posts)Thank you. Gosh I love this site and the people on it.
doc03
(35,148 posts)wind power. Then they pay you for any excess power you generate. I think I heard Thom Hartmann talk about it.
Of course nothing like that ever works here just like universal health care.
SHRED
(28,136 posts)They can offer so much more that way.
The government installs the panels and buys back the electricity which pays for the install. No sweat to the home owner.
FarCenter
(19,429 posts)The shift to LED lighting and other energy efficiencies are having a major impact on demand in developed countries.