Within 2 years, Deutsche Bank says rooftop solar will be the cheaper option for everyone
While the forecasts are interesting, what i did not realize was that solar was already at grid parity in 10 US states.
Deutsche Bank has released a new report predicting that rooftop solar will reach “grid parity” in all 50 states of the U.S. in just two years–by the end of 2016. “Grid parity” means that the cost of obtaining electricity from rooftop solar–including installation–is equal to or less than the cost of obtaining electricity from traditional utilities operating in the state.
This startling conclusion came in an analysis by the Bank’s Vishal Shah, considered a leading solar analyst, of the prospects of Vivint Solar. Vivint is the second largest installer of rooftop solar systems in the U.S. although it currently operates in just seven states. While Deutsche Bank is more bullish on solar prospects that some other investment analysts, as we have been reporting all year just above every major investment firm has released at least one study touting solar’s rapid growth and warning utilities to prepare.
Just a year ago,
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