Basking In Solar Power’s Glow
More and more of us are taking a shine to solar power. It’s clean, economical, and just plain nicer than gooey fossil fuels. As if all of that wasn’t appealing enough, now, its costs are sinking. Chinese solar manufacturers, who produce half of all solar panels, are expected to reduce the per-watt cost of solar power to 42 cents by 2015 from more than $3 in 2008. So, it’s no wonder the number of sun-worshippers is growing faster than ever. Even the 'Oracle of Omaha', Warren Buffett has thrown his hat into the ring by acquiring the world's largest solar energy project.
But solar still accounts for only 1% of renewable electricity generated in the US. Which means there’s lots of room to grow. And that has investors seeing solar in a whole new light.
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