Solar leads shale boom as fastest-growing US power source

Great article today from the Baton Rouge Business Report…

https://www.businessreport.com/article/solar-eclipses-shale-boom-fastest-growing-us-power-source

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Solar eclipses shale boom as fastest-growing US power source

Move over shale. Bloomberg reports the sun is now the fastest-growing source of U.S. electricity.

Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprint. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as SolarCity Corp. and NRG Energy Inc.

Giant farms of photovoltaic panels, including Warren Buffett’s Topaz array in California, are changing power flows in the electrical grid, challenging hydro and conventional generators and creating negative prices on sunny days. The surge comes after shale drilling opened new supplies of natural gas, thus contributing to the 47% drop in oil’s price since June.

“Solar is the new shale,” Michael Blaha, principal analyst of North American power at Wood Mackenzie Ltd. in Houston, tells Bloomberg. “Shale has lowered cost and enabled lower natural gas prices. Solar will lower costs for electricity.”

Solar capacity surged 30% in 2014 to more than 20 gigawatts and will more than double by the end of 2016, according to the Washington-based Solar Energy Industries Association. That’s enough to power 7.6 million U.S. homes, up from 360,000 in 2009. The biggest gains will be in California, Arizona, Texas, Georgia, New York and New Jersey. In Germany, Europe’s biggest power market, solar power output gained 14% last year.

Even with the rapid growth, solar still accounts for less than 1% of total U.S. power production, behind coal, natural gas, oil, nuclear and hydroelectric, according to the government’s Energy Information Administration. Because output suffers on cloudy or hazy days, grid operators must keep conventional plants on standby.

Save the solar tax credit

Do your part to save the solar tax credit!

If you heard that the Louisiana Solar Tax credits are about to end July 1, then you heard what will happen if Representative Ted James House Bill 510 passes.

If you want that to happen, then do nothing.  If you want to help save the solar tax credit for a little longer give us a hand this weekend.

Call, email, fax, or visit with your state representative this weekend.  Tell them to save the solar tax credit while still saving the state millions.

We support the Ponti Bill – House Bill 779 and you should too.  True, it cuts our solar tax credit 20% but is supported by the solar industry to help the state budget by saving 50 million dollars!

An alternate bill, House Bill 817, would be an option if the Ponti Bill is not approved.  It keeps the tax credit but only saves the state 11 million dollars.  It would be ok, but not the best for the state budget.

Ponti’s HB 779 saves the state 4.5 times more money.

You pick.  Do nothing and your representative won’t know what you want.  Tell them, and they will.

 

Thanks,

Jeff Shaw – Owner

Gulf South Solar