Solar Power would become more competitive if lawmakers tax or price carbon-dioxide emissions
August 26, 2007
Source: WashingtonPost.com
http://www.washingtonpost.com/wp-dyn/content/article/
2007/08/25/AR2007082500173.html
Solar power, which is much more expensive than other forms of power generation, would become more competitive if lawmakers tax or price carbon-dioxide emissions. “Electricity prices could go up 50 percent over the next 10 years. Then solar will be cheaper than the grid,” said Jesse W. Pichel, a senior analyst at Piper Jaffray, who expects rising oil and coal prices and falling solar costs as companies innovate the way semiconductor chip firms did. For now, solar relies heavily on government subsidies, including a $2,000 federal tax credit for installations, supplemented by generous aid in places like California, New Jersey and the District.
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