In the future, clean alternatives such as harvesting energy from electromagnetic waves may help ease the world’s energy shortage
For our modern, technologically-advanced society, in which technology has become the solution to a myriad of challenges, energy is critical not only for growth but also, more importantly, survival. The sun is an abundant and practically infinite source of energy, so researchers around the world are racing to create novel approaches to “harvest” clean energy from the sun or transfer that energy to other sources.
Every time fossil fuels get cheaper, people lose interest in solar deployment. That may be about to change.
After years of struggling against cheap natural gas prices and variable subsidies, solar electricity is on track to be as cheap or cheaper than average electricity-bill prices in 47 U.S. states — in 2016, according to a Deutsche Bank report published this week. That’s assuming the U.S. maintains its 30 percent tax credit on system costs, which is set to expire that same year.
Even if the tax credit drops to 10 percent, solar will soon reach price parity with conventional electricity in well over half the nation: 36 states. Gone are the days when solar panels were an exotic plaything of Earth-loving rich people. Solar is becoming mainstream, and prices will continue to drop as the technology improves and financing becomes more affordable, according to the report.
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