Experts suggest that the solar energy will become inexpensive by the next five years in a large section of the US. Infact, the price of solar installation and solar panels are coming down, whilst, the price of grid electricity is rising up.
According to Eric Graber-Lopez, BlueWave Capital, renewable energy advisor, the development of the US solar market will be determined by the grid parity of each region. The incentives received from the Federal agencies support the extension of the solar market; however, the support of state agencies is essential to developing the regional solar market. The solar power will attain grid parity in the next five years, which will open up the prospects for extending solar energy market in the forthcoming years.
As per Jigar Shah, ex-CEO, Sir Richard Bransons Carbon War Room, grid parity is a natural growth in the solar industry. He added that Americans do not accept to pay more for PVs. However, if the costs of PVs are affordable when compared to retail power prices, then the local companies will concentrate on solar power marketing, he anticipated.
Furthermore, Graber-Lopez notices prospective solar market growth in the Eastern US. He added that the growth in this region will be determined by incentives based on performance including Solar Renewable Energy Certificates (SRECs). The key solar markets in this region include Ohio, Delaware, Massachusetts, Maryland, Pennsylvania and New Jersey, Further, New York is anticipated to contribute more for solar industry development.
Both of them are rendering a speech at The Solar Future Eastern USA '12 conference, which is to be held on May 11-12, 2012 at New York.
Source: http://www.thesolarfuture.us