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Solar Power Capacity Installs Surpass Wind and Coal For Second Year
Lucas123 writes: Residential rooftop solar installations hit a historical high in the first quarter of 2015, garnering an 11% increase over the previous quarter and a 76% increase over the Q1, 2014. New installations of solar power capacity surpassed those of wind and coal for the second year in a row, accounting for 32% of all new electrical capacity, according to a new report by GTM Research and the Solar Energy Industries Association. Residential solar installation costs dropped to $3.46 per watt of installed capacity this quarter, which represents a 2.2% reduction over last quarter and a 10% reduction over the first quarter of 2014.
I'm always astonished at the high price of solar power in the USA.
Why? Its basic economics.
If you think $5K is a good deal, you wont mind that its actually $10K so long as the other $5K isnt your own money. It doesnt matter that the extra $5K is actually going to be borrowed by the government, a debt that will have to be services by your children, and their children, and their children, and their children....
It would take a customer with principles to refuse to make the deal. We have seen that this customer in particular does not have principles since he claimed that his installation has already paid for itself, when in reality it isn't even half way there yet (using his own numbers) and in actuality can never pay for itself (since his great great great grandchildren will stil be paying interest on it, long after his panels are garbage.)
"His name was James Damore."