As Rooftops Beat Utilities, Solar Demand Will Jump, Analyst Says
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Solar power may already be cheaper than electricity produced from coal or natural gas in some U.S. markets, and as panel prices continue to fall it may become cost-effective for at least 10 percent of the country.
The installed cost of residential solar power may fall as low as $3.00 a watt by 2016, said Richard Keiser, a former Sanford Bernstein analyst who’s now president of Keiser Analytics. At that price it will be competitive with utility-scale power plants that deliver more than 400 billion kilowatt-hours of electricity.