July 1st, 2014 by Cynthia Shahan
Solar is simply not new. What is new, however, is very cheap solar panels. These low prices incentive renewable energy empowerment. Solar can now succeed using well-merited competitive values.
In fact, solar is cheaper than electricity from the grid for tens or even over a hundred million Americans.
Green Car Report’s John Voelcker agrees further expounds on the matter:
Solar power for your home has been around a long time, but for many homeowners, it’s required subsidies, special financing arrangements, and still delivered long payback periods.
That’s changing fast, according to the CEO of a major Texas electric utility.
David Crane, who runs NRG Energy, says that in fully half the states of the union, electricity from residential solar panels will be cost-competitive with that delivered by local electric utilities by next year.
Another important matter is that electric vehicles will enable a more decentralized, self-sufficient energy system. John writes: “Once homes can not only generate but store energy, it’s at least possible they could decouple from the grid entirely–meaning they’re lost to their local utility forever.”
Read the full article here