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Last week, we published an article showing why the cost of solar is probably 2–100 times cheaper than you think.
One more thing to note is that residential solar power installations actually increased from Q4 2012 to Q1 2013!
The growth should get stronger as the year goes on, and solar power is actually projected to be the #2 source of new US power capacity in 2013. But even in the case of solar power being produced for sale to the utility (for sale as wholesale electricity rather than for use as retail electricity), it benefits from one key financial advantage — the electricity is created at the time of peak power demand, which makes it worth much, much more. Zach is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. Solar power got increasingly popular among most homes and industries, because solar is cost effective and the energy generated from solar panel is free and renewable and it never pollutes environment by not generating any harmful gas.
With so many people thinking that solar power costs much more than it actually does, one would think that no one is going solar, right? Companies like Walmart, IKEA, Google, Apple, Walgreens, Kohl’s, and many others have discovered that going solar is cheaper than relying on utilities for 100% of their electricity.
Due to various tax and policy factors, Q4 is always the strongest quarter of the year and Q1 is always the weakest.
Yep, that means more solar power capacity would be added than coal power capacity, nuclear power capacity, wind power capacity, hydro power capacity, or anything else… except for natural gas power capacity, which is projected to be #1.


The bottom line is that the advantages of solar power increasingly outweigh the advantages of competing electricity technologies. There are certainly more noble reasons for going solar (see below), but one of the advantages of solar power most driving solar growth is clearly the financial advantage.
For one, it’s simply good to cut your dependency on big corporations and semi-monopolies.
By going solar, you will cut one of your three main contributors to global warming pollution.
Helping to save the environment is cool and new technology is cool, so solar power is very cool.
He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Well, with the advantages of solar power starting to get out there more, and with the cost of going solar beating the heck out of the price of electricity in an increasing number of places, solar power is growing fast in the US. The advantages of solar power just keep growing and growing, and more and more people are waking up to its benefits. For sure, this is just the beginning, but have a look at these solar power growth charts below for a quick look at recent trends, followed by more on the advantages of solar power. This growth trend is projected to continue for years to come as more and more people and businesses realize that they can save massive money by going solar. As a result, the cost of solar has dropped below the cost of retail electricity in many places.


Much of our electricity today is produced from baseload power plans (coal and nuclear power plants) that take a long time to start up or shut down. Solar photovoltaic (PV) panels use over 20 times less water per kWh of electricity than nuclear power plants and over 16 times less water than coal power plants.
We have many old power plants that need to retire, and new power plants and infrastructure cost a lot more than old ones. California, Colorado, Texas, and the entire Southwest) face increasingly severe water shortage threats. Demand starts to rise in the morning when people wake up, and in many places it peaks in the middle of the day (especially hot days where electricity-sucking air conditioners are heavily used) and in the early evening. The cost of electricity from these power plants is much higher, partly because of how the wholesale electricity bidding system is organized.
But one key point here is that solar power systems don’t have any fuel costs (sunshine is free), so they can underbid any other source of power (well, except perhaps some other renewables like wind power, which also have no fuel costs).



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