ScreamingEagle
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With ever-increasing improvements, solar energy could become the answer...
As energy costs soar, America looks to solar
Fri Jun 6, 2008
BOSTON (Reuters) - Apple Inc is considering harnessing the sun to power its iPod music players. California's Ironwood prison is installing more than 6,000 solar panels, and Boston's Fenway Park is tapping solar power for Red Sox baseball games.
After decades on the fringe, solar power is closing in on America's mainstream as surging fossil fuel prices and mounting concern over climate change spur states, businesses and homeowners into a quickening embrace with alternative energy.
Panels bolted to roofs to convert sunlight into electricity are still too expensive in most regions to compete with cheaper, less environmentally friendly fuels like coal without generous subsidies. Solar's high costs have kept the resource out of reach for many residences and businesses,.
But not for long, industry analysts and scientists say.
The tipping point at which the world's cleanest, most renewable resource is cost-competitive with other sources of energy on electricity grids could happen within two to five years in some U.S. regions and countries if the price of fossil fuels continues to rise at its current pace, they add.
"In the long run -- as in two to three years -- you should see competitiveness especially with the grid in a number of regions in the world," said Vishal Shah, an analyst who tracks the industry at U.S. investment bank Lehman Brothers.
Tom Werner, chief executive of SunPower Corp, the largest North American solar company by sales, sees such "grid parity" for solar power in the United States and elsewhere happening in about five years, or possibly as soon as 2010.
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Under laws in 25 U.S. states and Washington D.C., solar and other clean energy sources such as wind must constitute up to 30 percent of a utility's energy portfolio in five to 15 years. Just 10 states had such requirements in 2003.
And some businesses are bringing solar to the masses. Engineers at computer maker Apple applied for a patent for solar panels that would power mobile devices like its popular iPod digital media player without plugging them in.
The 2007 World Series-winning Red Sox baseball club last month became the first professional sports team to go solar, installing solar hot water panels that will replace a third of the gas used to heat water at Boston's historic Fenway Park.
The United States -- the world's fourth-largest solar power market after Germany, Japan and Spain -- saw nearly 150 megawatts of solar capacity come online in 2007, up 45 percent from 2006, for a total of 750 megawatts, according to the Solar Energy Industries Association, a U.S. trade group.
That is about enough to power about 550,000 homes.
If its subsidies continue, the United States could generate as much power from solar panels as two-and-a-half typical nuclear reactors in four years -- or about 2.55 gigawatts, according to the European Photovoltaic Industry Association's data. That association sees global nuclear capacity reaching 44 gigawatts in four years -- the equivalent to the power capacity of 44 nuclear reactors.
As energy costs soar, America looks to solar | Environment | Reuters