Wednesday, November 01, 2006

Dawn of the "Solar Salon" in US Living Rooms






by Timothy Gardner,Reuters posted on Commondreams



Solar power is likely to get more attention as governments look at ways to cut emissions of gases that cause global warming. Ministers from almost 190 governments meet in Nairobi from November 6 to November 17 for annual U.N. talks about ways to speed up the fight against global warming.Solar power is likely to get more attention as governments look at ways to cut emissions of gases that cause global warming. Ministers from almost 190 governments meet in Nairobi from November 6 to November 17 for annual U.N. talks about ways to speed up the fight against global warming.



Environmentalists and many financial analysts envision a not-too-distant future when the 35 cent per kilowatt hour cost of power from solar panels will halve to equal the average cost of power from fossil fuels.



"Whether it's 2010, 2012, or 2015, I think everyone can see the writing on the wall," said Jesse Pichel, solar industry analyst with investment bank Piper Jaffray in New York. When costs become equal, "solar power demand is infinite," he said.



David Smith, an analyst at Citigroup in New York wrote in a research report in October that solar power has "crossed the tipping point and is on the cusp of a significant expansion between now and 2010."





Environmentalists and many financial analysts envision a not-too-distant future when the 35 cent per kilowatt hour cost of power from solar panels will halve to equal the average cost of power from fossil fuels.



"Whether it's 2010, 2012, or 2015, I think everyone can see the writing on the wall," said Jesse Pichel, solar industry analyst with investment bank Piper Jaffray in New York. When costs become equal, "solar power demand is infinite," he said.



David Smith, an analyst at Citigroup in New York wrote in a research report in October that solar power has "crossed the tipping point and is on the cusp of a significant expansion between now and 2010."



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