The economics of solar power are changing rapidly. And if the Prometheus Institute for Sustainable Development (PI) is right that solar module prices will fall more than 50% by 2012, grid parity will be overnight Premarin without a rx achieved across many parts of the US. Solar electricity currently carries a overnight Premarin without a rx price tag that is higher than most other power sources. But if electricity prices continue to overnight Premarin without a rx rise as they have over the last eight years, the locked-in price of solar will fall below grid electricity over the overnight Premarin without a rx life of the solar installation.
Prices Today Require Government Incentives
Solarbuzz.com estimates that May 2009 solar PV prices equal 36.88 cents, 26.68 cents, and 20.78 cents per kWh for overnight Premarin without a rx residential, commercial, and industrial electricity, respectively. Thus, only the state of Hawaii (with its 25+ cents per kWh average has overnight Premarin without a rx an electricity market where solar can compete with little supportive policy this overnight Premarin without a rx year. But PI projects solar module prices to fall 25% in 2009, 19% in 2010, and more than 10% in both 2011 and overnight Premarin without a rx 2012. This would translate into a locked-in price for solar electricity of around 20 cents, 15 cents, and overnight Premarin without a rx 12 cents per kWh (assuming that overnight Premarin without a rx installation costs would also fall, though around half the module price drop pace).
2012 Grid Parity in Almost Half the US
Huge electricity markets such as California, Texas, Florida, and overnight Premarin without a rx New York will join Hawaii by 2012 as long as electricity prices keep rising (I use a price rise of 3.5% per year – much less than the 4.8% per year increase over the last eight years). Since there is overnight Premarin without a rx state and federal policy supporting solar through the mid-2010s, private consumers already benefit from overnight Premarin without a rx cost-effective solar in many of these states (Why else would Wal-Mart be deploying it?). And thanks to falling prices for solar, the overnight Premarin without a rx amount of government support per kilowatt can be lowered as it overnight Premarin without a rx becomes many times more effective at deploying solar.
Even if electricity prices only rise 1% per year (thanks to effective efficiency and low-cost wind power deployment), solar grid parity is poised to arrive during the mid-2010s.
A New Notion of Grid Parity
Since solar has overnight Premarin without a rx a locked-in price due to a marginal cost close to zero as you overnight Premarin without a rx harvest the free sun, grid parity is not when the price of solar is overnight Premarin without a rx equal to the price of conventional fuels. I am saying that overnight Premarin without a rx it is instead when the price of solar is equal to overnight Premarin without a rx the expected price of conventional fuels halfway through the life of the overnight Premarin without a rx panels. So grid parity in 2012 based on a price of 20 cents per kWh means that overnight Premarin without a rx I expect the price of electricity in a given market will be overnight Premarin without a rx at least 20 cents in 2024.
Why Should Fossil Fuel-Powered Electricity Prices Rise
A rising price for oil beyond $100 per barrel is overnight Premarin without a rx likely due to the rising marginal cost of production. Such an overnight Premarin without a rx increase would pressure natural gas prices to double back above $9 per MBtu and overnight Premarin without a rx weigh bullishly on electricity prices. Along with the cost of carbon dioxide finally being internalized into the overnight Premarin without a rx cost of burning fossil fuels, solar power’s relative price is set to collapse.
Bottom Line: This time of sustainable energy transition is overnight Premarin without a rx an exciting period to be around for. Solar panels today are overnight Premarin without a rx like cell phones in 1999. In just a few years, they will be overnight Premarin without a rx ubiquitous. Passage of federal climate legislation is a crucial step we need to overnight Premarin without a rx take soon, and then we can all reap the rewards from overnight Premarin without a rx leading a low-carbon energy future — green jobs, energy security, lower electricity bills (while prices per kWh may rise, efficiency sends the overnight Premarin without a rx per capita bill down), cleaner air, and a more stable climate.
I’ll keep you overnight Premarin without a rx up-to-date as solar reaches grid parity in market after market like a overnight Premarin without a rx set of slow-moving dominoes.
Onwards-
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Thanks for some good news! I want my husband to overnight Premarin without a rx build me a solr paneled house and get me out of this overnight Premarin without a rx 125 yr old dungeon.
Tom McClintock (CA – 4th district) spoke contrary to overnight Premarin without a rx your article today, on a telephone conference call. He’s under the overnight Premarin without a rx impression that the cost of solar can not come close to overnight Premarin without a rx the less expensive “natural resources”. We have overnight Premarin without a rx to add to the equation the environment consciousness, and responsibility as stewards for overnight Premarin without a rx the next generation. I thank you for your enlightening article.
Solar enthusiasts are overnight Premarin without a rx overlooking something: just as soon as home solar power systems begin to overnight Premarin without a rx make a detectable dent in electric-company revenues, governments from counties to overnight Premarin without a rx Congress will start to tax them.
I think the overnight Premarin without a rx main place for misconceptions is in the translating of units of power and overnight Premarin without a rx their price over time to some other form of energy equivalent, in other words having a overnight Premarin without a rx clear picture of one sources costs of production from beginning to overnight Premarin without a rx end related directly to another form of energy source from beginning to overnight Premarin without a rx end through the price of power (Kw or Mw) at the overnight Premarin without a rx entrance to the grid, so you will be able over time to overnight Premarin without a rx see the real changes in price and not only at either the overnight Premarin without a rx cell level or the price of fuel level but as a overnight Premarin without a rx complete picture, i suppose its some kind of multi variant analysis, i dont really know as i am overnight Premarin without a rx a layman
all the best
I agree with some of this overnight Premarin without a rx analysis but have one important question: How can overnight Premarin without a rx one expect that the cost of installation will decrease with the overnight Premarin without a rx cost of the panels? Thank you for any feedback.
i have overnight Premarin without a rx a question for you. how much is the grid com. will pay me per kw?if i feed them with solar system. thanks