Magazine article Mother Jones

Here Comes the Sun

Magazine article Mother Jones

Here Comes the Sun

Article excerpt

Solar energy is going gangbusters. In the past decade, the amount of solar power produced In the United States has leaped 139,000 percent. A n um ber of factors are behind the boom : cheaper panels and a raft of local and state incentives, plus afederal tax credltthat shaves30 percent off the cost of upgrading. Still, solar Is a bit player, providing less than half of 1 percent of the energy produced In the United States. But Its potential Is massive-It could power the entire country 100 times over. So what's the holdup? A few obstacles: pushback from old-energy dlehards, competition with other efficient energy sources, and the challenges of power storage and transmission. But with solar In the Southwest at "grid parity"-meaning It costs the same or less as electricity from conventional sources-Wall Street Is starting to see solar as a sound bet. As a recent Citigroup Investment report put It, "Our vlewpoint Isthat solar Is hereto stay. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.