Solar Will Triumph by 2018

Solar Will Triumph by 2018, Breaking The Subsidy Dependence, Says Bernstein - Tech Trader Daily - Barrons.com



Electronics and Energy Storage analyst Mark Newman estimates that the energy storage would cost ~$15,000. The solar system would cost $20,000. The batteries would enable you to consume 80% of the electricity produced during the day at night. As long as you didn’t do too much laundry when it had been raining for several days in a row, you would never need to buy electricity from the grid again. The cost for this amenity (again in the red zones below) today is roughly $0.30-32/KWh. Unless you are running a diesel generator today, that is not economic. The cost is roughly the same in developed and developing markets. In developing markets, installing is cheaper but financing costs are higher.