Solar Top Power Source by 2050

The 17.5 megawatt/22 megawatt Victor Phelan project, located
in San Bernardino, Calif., is part of six Recurrent Energy developed
projects acquired by Google and KKR.

 Credit: Recurrent Energy

As solar photovoltaic (PV) installations globally hit 100MW daily, the sun could be the world's top source of energy by 2050. The projection comes from two reports and covered in an article by Lucas Mearian in Computerworld magazine yesterday (full article http://goo.gl/G5ua77).

Issued by the International Energy Agency (IEA) the reports disclose that PV panels could produce 16% of the world's electricity and solar thermal electricity could add 11%. (Solar thermal power comes from concentrating the sun's rays to produce steam which turns a turbine.) The combined 27% would lead all other sources of power by mid-century. 

Just since the end of 2013, the IEA reported that PV panels capable of producing 137 billion watts (gigawatts) of power. Better yet, and perhaps just as important, solar could reduce CO2 emissions by six billion tons during the next 40 years, according to the reports. 

Panels on roofs powering homes and businesses comprise around one-half of all installations and as a distributed energy source, the technology is "unbeatable" said one of the reports.

Solar power, reports the IEA, is expected to drop to four cents per kilowatt-hour (kWh) by 2050. Right now in the U.S., the average cost per residential kWh is about 13 cents and seven cents for industrial power. 

Maria van der Hoeven, executive director of the Paris-based IEA, said the reports are not forecasts but detail expected technology advancements and policy upgrade required to meet those goals by 2050,

"The repid cost decrease of photovoltaic modules and systems in the last few years has opened new perspectives for using solar energy as a major source of electricity in the coming years," said van der Hoeven. "However, both technologies [PV and concentrated solar] are very capital intensive: almost all expenditure are made upfront. Lowering the cost..is thus of primary importance for achieving the vision in these roadmaps."

Solar power in the U.S. has grown six times since just 2010, according to the Energy Information Administration (EIA), a federal agency charged with following the nation's energy production across all sources. Also, a federally-funded report which studied two U.S. utilities--one in the Northeast and another in the Southwest--said rooftop solar could cut utility profits by 15% or more in the next eight years.  

                                                                                 

California HERO program: Solar for the rest of us

Summer weather stays sizzling in California usually through October. Right now CA residents are using more air conditioning than they likely did in June and July. Without solar power they can expect a monster electricity bill next month.

The California HERO Program is changing that scenario.

In 2008-09 California passed legislation authorizing cities and counties to establish voluntary programs to finance energy efficiency, water efficiency and renewable energy products that are permanently attached to a home and business owners' property. 

The resulting CA HERO Program provides low-interest loans that are paid with property taxes in terms of 5-, 10-, 15- and 20-year terms. Payments are tax deductible.

Eligible properties:

--All developed property. No new construciton or add-ons
--Mobile and manufactured homes, condos, HOAs
--Property must be a HERO community; enter your zip code at www.heroprogram.com to be sure
--Mortgage debt not to exceed 90% of property value; amount financed not to exceed 10% of property value
--Property taxes current; no liens of any kind

Early adopters of solar in the state have had their systems now ten years or more. Their savings can total more than $100,000 depending on their consumption. More and more solar is going mainstream as power rates keep climbing despite the falling prices of natural gas which produces most of the electricity in CA. 

Interested CA residents can contact dbrands72@gmail.com for more information.