Insights · October 30th, 2014
It takes just 9 seconds of sunlight to provide the equivalent energy generated by burning all the oil, coal and gas we destroy every 24 hours. And solar is getting cheaper, so cheap it will dominate future electricity generation. A clear trajectory toward solar is emerging. A Deutsche Bank report published this week says that solar will be as cheap or cheaper than other forms of electricity generation in 47 states by 2016, in 36 states even if current tax credits were reduced. Even today solar is at grid parity in 10 states. The International Energy Agency now predicts that solar will be the world’s biggest source of electricity by 2050. This is a difficult challenge for the currently centralized model of electricity generation.
