The economics of solar power

Don’t be fooled by technological uncertainty and the continued importance of regulation; solar will become more economically attractive. A new era for solar power is approaching. Long derided as uneconomic, it is gaining ground as technologies improve and the cost of traditional energy sources rises. Within three to seven years, unsubsidized solar power could cost no more to end customers in many markets, such as California and Italy, than electricity generated by fossil fuels or by renewable alternatives to solar. By 2020, global installed solar capacity could be 20 to 40 times its level today.

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A new look at Solar

The Solé Power Tile system is the first building-integrated photovoltaic roofing product designed to blend in with curved roof tiles commonly found in the Pacific West and Southwest of the United States.

The triple-junction amorphous silicon thin-film technology incorporated within the Solé Power Tile is manufactured by United Solar Ovonic and allows the system to produce an estimated 8-20% more energy than incumbent crystalline silicon panels.

Any power generated by the system which is not used by the building (or stored in batteries if that option is chosen) is fed into the grid. Utility companies then give a credit for the amount of energy generated.

Source: Idea Connection