As Cost Plunges, Solar Power is Ready to Surpass Coal

Solar power is among the easiest ways for individuals to hop on the clean energy generation train. There are many incentives afforded to homeowners who are looking to make the switch to solar power. Even more, it is only getting cheaper to produce, install, and operate this technology.

The economic benefit of switching from coal to solar power will spur even greater growth — as coal supporters will no longer be able to deny the cost saving potential of renewable energy. Thankfully, the rest of the world will also benefit from a significant decrease in the amount of fossil fuels being burned, a major contributor to climate change.

The report, generated by Bloomberg New Energy Finance, states that greenhouse gas emissions will peak in 2026. But thanks to the clean energy revolution, these levels will be 4 percent lower in 2040 than they were last year — the reigning hottest year on record.

With the decline of fossil fuels, we may likely also start seeing the decline of large utility systems. Tesla is a pioneer in this area with its vertical integration of solar panels and solar power storage systems. Their technology is already being used to decrease regional demand on fossil fuel burning plants in Southern California.

Source: Futurism