Cost Savings Poised To Drive Even More Solar Expansion

If you’ve been thinking of going solar, there might not be a better time than the present.

Recent reporting out of Bloomberg found that joining the ranks of solar users is as cheap a proposition as it’s ever been, with equipment manufacturers finding cost savings up and down their operations and leaps in technology powering even more cost reductions.

This is good news for an industry that’s trying to ensure a rise of more powerful solar technology coincides with this financial landscape.

Better panels and ways to harness the sun’s power mean making more energy from the same footprint – and that’s a recipe for the kinds of growth experts are projecting over the next decade and beyond.

One projection from First Solar CEO Mark Widmar is even bolder than most, as he joined Yahoo Finance to back up the claim that electricity could be carbon-free as soon as 2035.

Widmar commented on the growth of solar to this point, saying “We’ve made this, in a short decade, become a strategic resource. … It’s the lowest-cost new generation. We now have the capabilities of enhancing and improving the reliability of the grid with the capabilities of a solar utility scale power plant. … I don’t see any constraint moving forward.”

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