Tuesday, May 7, 2013

9 Signs That Americans Will See Solar Power Everywhere Within The Decade

Source: http://www.businessinsider.com/rise-of-solar-power-2013-5

mars 18 acre solar garden new jersey

Last week, Massachusetts announced it had reached its goal of obtaining 250 megawatts of power — enough to power multiple mid-sized cities — four years early.

It's another sign that, as we've recently discussed, solar is booming. 

The main reason is China, which has so thoroughly flooded the global market with cheap parts that today, Europe slapped them with a new tariff.

But there are other signs that solar power is set to take off.

We've compiled some of them here.

In the past few years, the doubling of solar capacity has resulted in a 40% reduction in solar costs.

Mostly thanks to China.

Solar has high start-up costs, but give it enough time and it becomes the cheapest power source out there.

That's even without subsidies.

Source: GWU 

Warren Buffett recently purchased the largest solar developme! nt in th e world, a set of arrays in California.

This is a man not known for making bad bets.

Source: Business Insider

See the rest of the story at Business Insider

Please follow Money Game on Twitter and Facebook.


No comments: