WASHINGTON, D.C. - As Texas braces for predicted tighter electricity reserves and higher electricity rates in the state this summer, a new report shows that adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers.
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Adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers, according to a new report authored by The Brattle Group and funded by the Energy Foundation and the Solar Energy Industries Association (SEIA).
More Solar Power in TX Could Save Consumers Over $520 Million, New Study Finds
June 19, 2012 By Zachary Shahan 12 Comments
A new report released today analyzed how much electricity prices for Texas consumers would have been reduced in the summer of 2011 by adding solar capacity to the Texas electricity market. In total, it found potential savings of over $520 million for state electricity consumers.
SEIA's Statement: New Brattle Group Report Shows Solar Energy as a Solution in Texas to Help Address Summer Electricity Challenges
As Texas braces for predicted tighter electricity reserves and higher electricity rates in the state this summer, a new report shows that adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers.
Solar power has long been touted for its environmental impact. But now it has a new role: saving teachers' jobs.
IKEA, the world's leading home furnishings retailer, today officially plugged-in the solar energy system installed at its store in College Park, Maryland. The 148,200-square-foot PV array consists of a 1,196-kW system, built with 4,984 panels.
During the introductory keynote of the Solar Power Colorado conference last week, a group of solar thought leaders discussed what would happen in 2012 and what was needed for the solar industry to move forward.
California and other western states are among the darlings of the U.S. Energy Department's solar power initiatives. The Obama administration said it was throwing another few million dollars into the so-called SunShot solar power initiative.
In his State of the Union address, President Barack Obama called for the U.S. to "double-down on a clean energy industry that's never been more promising."
President Obama's Fiscal Year (FY) 2013 budget provides for an extension of the Section 1603 Treasury Program. Extension of this worthwhile program will allow taxpayers to reap the significant economic and energy policy benefits associated with the expanded deployment and use of solar energy.