Monday, March 25, 2013

The Truth About Solar

There’s a lot of debate these days about the future of solar power. Certain news media outlets who must not be named have brought renewed attention to the issue, likely confusing the public further. I’m here to tell you that solar IS our future. Why? In addition to being an important part of fighting climate change, solar makes financial sense, creates jobs, is abundant, and enjoys widesprSead popular support.

Solar makes financial sense

“Wait,” I hear you say, “Isn’t solar just too expensive?” There are so many ways to answer with that, but they all lead to “No, get with the times.” The perception that solar is too expensive is outdated. The current reality:
  • The price of solar has been plummeting, to the tune of 30% in the past two years
  • New financing options have brought solar within reach of the average person, allowing more lower- and middle-income people to go solar.
  • Schoolscorporations, and government agencies wouldn’t be installing solar in droves if it didn’t make financial sense.
  • Costs may go down even further if the DOE’s SunShot Initiative succeeds in lowering soft costs, such as permitting and financing. Lower soft costs have helped Germany top the U.S. in installations despite having much less sun.
  • Many areas have already achieved grid parity, where unsubsidized solar power is on par with or cheaper than retail electricity prices. That’s expected to spread to many more regions in the coming decade:

Energy Secretary Steven Chu agrees -- in fact, he believes solar is close to being as cheap as any other power source: “This is not something that’s going to happen 20-30 years from today. This is going to happen 10 years from today. Maybe sooner.”

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