The future is bright for Solar industry

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Four reasons solar is taking off

Schnell says solar has four main benefits that support his prediction.

  • The performance of solar PV modules is constantly improving.
  • Solar is already cost competitive with coal and nuclear. A recent Deutsche Bank study found that solar will soon be as cheap or cheaper than average electricity bill prices in 47 U.S. states.
  • It benefits from having no real enemies. Putting solar on rooftops doesn’t come with the NIMBY issues that big wind and thermal power plants do.
  • And solar can be easily adapted to its location. With rooftop solar the grid connection and customers are already there and you don’t have to pay for land or transmission lines.