January 17, 2015

Going solar makes sense in major cities

Eco Watch - A new report called Going Solar in America, prepared by the North Carolina Clean Energy Technology Center with the support of the U.S. Department of Energy, shows how the plummeting costs of going solar could already make it the more economical choice for energy consumers in 42 of the U.S.’s 50 largest cities. It found that in those cities, a fully financed solar system would cost average residential consumers less than they would pay for electricity from their current local utility.

New York and Boston topped the list, in large part because the cost of electricity from the grid is very expensive there. The top ten is rounded out by Albuquerque, San Jose, Las Vegas, Washington D.C., Los Angeles, San Diego, Oakland and San Francisco. High local energy costs also account for California cities filling half the top ten slots.

“Most Americans are unaware of the true financial value of solar today,” said study authors Jim Kennerly and Autumn Proudlove. “Seen by many as a technological luxury, solar energy is not seriously considered as an option by most homeowners in the U.S. However, our analysis shows that, in 46 of America’s 50 largest cities, a fully-financed, typically-sized solar PV system is a better investment than the stock market, and in 42 of these cities, the same system already costs less than energy from a residential customer’s local utility.”

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