Solar Continues Trumping Fossil Fuel Pricing, With More Innovations To Come
Solar power has come a long way in a short period of time. Just five years ago, the bulk of the energy community viewed it as being unreliable, expensive and difficult to source. Without massive government subsidies, utilities generally shunned solar, sticking with more traditional and reliable generation, namely, coal and natural gas. This was despite fossil fuels trading at or near record highs of $10 per mmBtu amid strong demand and tight supplies. If solar couldn’t even beat natural gas when it was trading that high, chances were it would never play a significant role in America’s energy mix and would only be economic through governmental intervention.