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Solar Power Headed For 45% Annual Growth
mdsolar writes "USA Today is running a pretty good article on solar power that gives an overview of the current state of the industry. Highlight include production costs of $1.19/Watt for First Solar, 40% annual cost reductions over the
last five years, revenues expected to triple in three years, and a prediction for 2014 as the year when solar photovoltaic power plants become cheaper than other forms of generation. From the piece: 'Like wind power, solar energy is spotty, working at full capacity an average 20% to 30% of the time. Solar's big advantage is that it supplies the most electricity midday, when demand peaks. And it can be located at homes and businesses, reducing the need to build pollution-belching power plants and unsightly transmission lines. In states such as California, with high electricity prices and government incentives, solar is already a bargain for some customers. Wal-Mart recently said it's putting solar panels on more than 20 of its stores in California and Hawaii. Google is blanketing its Mountain View, Calif., headquarters with 9,212 solar panels, enough to light 1,000 homes.'"
Solar's big advantages are that it is essentially pollution free, doesn't up CO2, reduces petroleum requirements which means more lubricants, plastics and so on at reasonable prices, reduction of political leverage of oil rich countries, increase in ability to operate independently at every level from national to individual, and over the long term, it costs less.
Combined with ultracaps, hopefully to be seen as practical power storage come this fall (via EEStor), the power supply landscape may change significantly in the next decade or so.
I've fallen off your lawn, and I can't get up.
Great. So we're just going to use up the sun's energy faster.
I hope you bastards freeze in the dark.
The grid is actually remarkably efficient for an energy distribution system - it loses only 9% of its energy input. The vast majority of the electrical losses in this chart come from converting heat energy to mechanical energy to electric energy. Converting energy between its various forms is always expensive (those pesky laws of thermodynamics!!)