Honest. That's what a new study from Queen's University in Kingston, Ontario says.
"Given the state of the art in the technology and favourable financing terms it is clear that PV has already obtained grid parity in specific locations," say K. Brawker, M.J.M. Pathak and J.M. Pearce in the report, "A Review of Solar Photovoltaic Levelized Cost of Electricity."
That and technological innovation, which is driving up solar system efficiencies, could open new markets and spur significant development of projects focused on harvesting the sun's energy. In California's San Joaquin Valley, we're already seeing the results with about 40 projects in the works in Fresno County and at least as many in nearby counties.
Ferocious cost reductions
Sami Grover, from treehugger.com, put it this way: "With the solar industry delivering ferocious cost reductions, falling as much as 11 percent in just six months, it's little wonder that some predict that solar will be cheaper than coal in the very near future."
A cleantechnica.com editor says the findings by Queen's University don't even take into account health, energy security and environmental costs of fossil fuels "and it STILL finds that solar has reached grid parity in many places."
The recent Durban Climate Summit clarified the dangers of allowing pollution to continue without restraint. The cost and potential damage of unparalleled production of greenhouse gases is impossible to determine. But one thing's for certain, it will be huge.
The rapid innovation of solar technology offers a way to cut into reliance on fossil fuels. Whether it will make a difference is anybody's guess.
Solar interest high
A solar research symposium at the University of California, Merced, Dec. 9, 2011, draws students and researchers from UC Merced's program, which is fast becoming a leader in solar research, and University of California campuses of Berkeley, Davis, Santa Barbara and San Diego as well as other universities. All report that their programs are working hard to improve the efficiency of solar cells.
At the symposium, Sarah Kurtz, interim director of the National Center for Photovoltaics and principal scientist at the National Renewable Energy Laboratory, tells my co-worker Sandy Nax that costs are dropping "spectacularly."
Nax also reports in a recent post that the industry is expanding at a robust rate with photovoltaic shipments doubling every two years.
While many photovoltaic cells on the market range between 12 and 20 percent efficient, moves are being made to increase that number significantly. However, those technologies also cost more. "The challenge is to make high efficiency with low cost and high reliability," Kurtz says.
Some in our sun-drenched valley are concerned about seeing solar panels everywhere, especially on prime farmland. Nax tells me that efficiencies reduce solar's footprint and likely will improve its image, especially amongst concerned farmers.
That and estimated $1 per watt equipment costs will go a long way toward influencing standards that include photovoltaic panels as part of nearly every newly constructed building or major retrofit and remodel. Toss in escalating electricity rates, and solar may become as common as flat-screen television sets in American households.
But rather than offering entertainment, this electronic device will create a new era of distributed energy.
There will be challenges. For instance, what happens when the sun falls below the horizon? Cheap solar provides options that weren't otherwise available. Perhaps production of hydrogen will become more widespread that either can be used in fuel cells or in other applications.
Political leaders also will have to knuckle under and institute more laws like California's Global Warming Solutions Act, which seeks to reduce the state's greenhouse gas emissions to 1990 levels, and the requirement that utilities get a third of their energy from renewable sources by 2020. Otherwise, the incentive by the private sector to start figuring out cleaner alternatives might not great enough to foster widespread change.
It can be done. Even at Durban, which drew representatives from 190 countries, leaders in the final hours of the Climate Summit put together what some media sources call a road map to a legally binding climate treaty by 2020.