A new study makes the case that solar power is emerging as a cost-effective hedge against fossil fuels and is likely to reach parity with retail-electricity rates in most regions of the U.S. in less than a decade.
The Utility Solar Assessment Study, produced by clean-tech research and publishing firm Clean Edge Inc. and green-economy nonprofit Co-op America, says that for the first time, solar power is beginning to reach cost parity with conventional energy sources. As solar prices decline and the capital and fuel costs for coal, natural gas, and nuclear plants rise, the U.S. will reach a crossover point by around 2015, the study says.
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