It's now a question of how and where, not if, solar becomes a dominant force in energy markets.
AllianceBernstein's Michael Parker and Flora Chang published a note last week with the following chart showing how rapidly the cost of solar on a real-dollars-per-million-BTU equivalent basis has, in many instances, come to match that of conventional fuels.
Nothing else looks like this. And the title of the chart, Welcome to the Terrordome, reflects this almost violent decline in solar pricing.
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9 comments:
It still needs to work on overcast days and at night before anything happens. Batteries need to get a lot better.
Now maybe folks will realize why the powers that be are dragging their feet with the wind turbines.
lol @ 7:22, shows a heck of a lot of what you know
Most solar panels DO work in overcast weather
I will concede that they do need to work at night
"Most solar panels DO work in overcast weather"
Partially true, 8:42, "in that solar panels aren't as efficient in cloudy conditions as during bright, sunny days. In fact, the production of solar panels is reduced by at least 50 percent on cloudy days, and may even by down to just 5 to 10 percent of what they can produce on sunny days."
Solar is purchased mostly by the rich and only when the federal government kicks in huge tax breaks. It's welfare for the wealthy.
Right 10:39. It's either a hobby or a complete lifestyle change for a lot of people. If you go complete solar on overcast days you can't even use your basic appliances. On sunny days you have to conserve as well. Gone are the days of long hot showers and leaving your PC on all day as well a TV's.
As an owner of an array of solar panels I will tell you that the cloudy day is not as productive but I still register up to the point of complete darkness. I am NOT wealthy but I made the decision to switch to solar for many intelligent reasons. We are very pleased with our solar panel system and it will have paid for itself in five years. I just makes sense. Read people.
12:46 - would you still have purchased your solar panels if there were no tax incentives and or electric company rebates to help pay for it?
The average tax payer helps put the solar panels on other private citizens houses.
Your welcome.
1:59 Thank you.
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