There are 10 states where solar power right now is as cheap as conventional electricity—and those states are about to see solar power installed capacity jump by 600%, according to new research by Deutsche Bank's Vishal Shaw. The bank's analysis is making the media rounds, and Bloomberg reports the findings are simple: solar is now mainstream.
Because solar power is a technology and not a fuel, the price will decline over time while fossil fuels will see prices rise. That's the underlying theory behind what Sanford Bernstein analyst Michael Park calls "the Terrordome," where even the cheapest non-renewable fuels cannot compete over time. Some estimates have solar as the largest source of power on earth by 2050, though at the moment it makes up about 1% of the world's power.(TAKEN FROM NEWS ARTICLE)
