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New Study Finds That Solar Could Provide 10% of U.S. Electricity Generation by 2025
A new study makes the case that solar power is emerging as a cost-effective hedge against fossil fuels and is likely to reach cost parity with retail-electricity rates in most regions of the U.S. in less than a decade.
The Utility Solar Assessment (USA) Study, produced by clean-tech research and publishing firm Clean Edge and green-economy nonprofit Co-op America, provides a comprehensive roadmap for utilities, solar companies, and regulators to reach 10% solar in the U.S. by 2025. The report can be downloaded at www.cleanedge.com and www.solarcatalyst.org (Co-op America’s solar program Web site).
The study finds that significantly scaling solar power in the U.S. will require the active involvement of utilities. The study delivers a to-do list for the three key stakeholders in the nation’s solar industry. Among others, the action items include: