U.S. Solar Nears Grid Parity, Set to Double Sales in Each of the Next Two Years
U.S. rooftop solar sales will at least double in each of the next two years, and solar will reach grid parity in all 50 U.S. states by 2016, Deutsche Bank predicted in a recent report.
Solar analyst Vishal Shah expects sales to rise “based on a continued fall in installation costs of solar, the cheaper cost of finance as new financial models attract more mainstream funding, and assuming that the attempts by utilities to curtail the proliferation of solar are resisted,” Parkinson writes. Grid parity will set the stage “for a dramatic increase in the uptake in household and commercial rooftop solar in the world’s biggest economy.”