Solar power is on the rise, even as the growth rate of U.S. electricity consumption has been slowing. This year, energy generated from solar power will be the second-largest source added to the U.S. electric grid.
“Solar is going to move into the No. 2 position in terms of new build, second only to gas,” Recurrent Chief Executive Officer Arno Harris said in an interview yesterday at the company’s main office in San Francisco.
Rooftop solar systems can be installed for about $4 a watt and utility-scale systems for $2 a watt, Harris said. “We can see our way to $1.50,” he said. “At those kinds of costs, we’re competitive in the Southwest with conventional electricity.”
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