The U.S. Department of Energy estimates that U.S. energy demand will increase by 25 percent over the next 20 years. At the same time, our reliance on imported oil, the environmental costs of fossil fuel-based energy generation, and the predicted long-term increase in the price of energy are significantly escalating the nation’s need for renewable, clean energy solutions.
In many locations, solar photovoltaic (PV) is already price competitive with natural gas for peak power generation. As the cost of solar PV continues to decline, utility scale solar farms can become a strategic source of peak power for most of the country.
Solar PV Cost Reaches Peak
Power Parity
Conventional electricity costs are rising over time, while the cost of solar PV electricity is decreasing.
