Utility Companies Can Make 10% Of Solar Energy By 2025
No longer depends entirely on the individual companies and individual investors that solar energy is transformed into something meaningful for the U.S. electricity – if it may happen is in the hands of utilities.
Clean Edge and Co-op America has released a report analyzing the roles of factories to make solar energy an accessible source for power generation, said it could be a source of 10% of electricity generation from USA by 2025. The 76-page report, the study of Solar utilities values (USA) provides a map for utilities, solar companies and regulators to reach the goal, and everything should be in sync if we are to achieve this goal.
Some of the most important points include businesses that use solar energy to relieve congestion for business solar systems to get $ 3 per peak watt or less in 10 years (and is expected to achieve parity in the network before that date) and make solar energy technology for “plug and play” and for the regulators to pass tax credits for solar and other renewable investment.
The transition will not be cheap. According to Clean Edge, the investment that we will use 10% of solar energy averaged about $ 26 billion to $ 33 billion per year until 2025. But considering that utilities spent nearly $ 70 billion in new power plant and transmission and distribution systems in 2007 alone, it is very likely that we can ask these funds to make solar energy is a serious component of our electricity use. Moreover, according to the report, it is expected that prices for installation of solar PV decrease of $ 5.50 – $ 7.0 per peak watt to $ 3.02 – $ 3.82 per peak watt within 7 years, and then decline again $ 1.43 – $ 1.82 per peak watt in 2025; making solar energy is increasingly ignored. And as derivate Intel Spectra Watt shows soon solar power will be omnipresent.
In a round of press this morning, Ron Pernick, co-author of the report and founder of Clean Edge, points out that while solar energy is a step in the fossil fuel, due to the rising cost of fuel and shortage cost solar, solar future is really in the hands of utilities.
Thankfully, the utilities are actually responsible. Southern California Edison is looking to install 250 MW, Duke Energy is investing $ 100 million in solar on the roof, and PG & E is investing in hundreds of megawatts of concentrated solar energy in the deserts of California, as well as other solar projects hybrids. Certainly we are progressing.
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Tags: electricity, solar companies, utilities