Day: January 19, 2017

Grid Parity

Grid Parity

Grid Parity

01/19/17

“What happens when renewable energy becomes cheaper than it’s more corrosive counterparts?”
One of the major slanders against renewable energy is that it is too expensive to compete with traditional sources such as coal and petroleum. However thanks to the efforts of generations of scientists and engineers, the upfront cost for cleaner systems has dropped exponentially in the past few years, so much so that countries and states such as California and Germany have reached something called grid parity, or when renewable prices actually become cheaper than their corrosive counterparts with no subsidies! In fact, solar energy prices are falling so fast against rising electric utilities that according to a recent report by Deutsche Bank, 80% of the world market will have achieved grid parity by 2017!