Can Solar Survive Without Subsidies?

Jon Energy, Government, Market Commentary, Science

In an increasing number of regions in the US, solar (and wind) power can produce electricity at the same cost – or lower – than more traditional fuels, like coal or natural gas.
We call it reaching ‘grid parity’ here in the business.
The catch, however, is what happens when government subsidies are removed from the calculation.
That’s why what happened at the end of September in the UK may be a sign of things to come across the pond here in the US.
Read Solar Costs Are Dropping Much Faster Than Expected
See, the British just brought a new solar power project online without relying on subsidies. Only the market will dictate what this power plant gets paid.
And the way they did it shows where the solar industry and energy markets in the US are headed next…

This post was published at FinancialSense on 11/06/2017.