Rooftop solar electricity on pace to beat coal, oil 0

520-NRELThe cost of rooftop solar-powered electricity will be on par with prices for common coal or oil-powered generation in just two years — and the technology to produce it will only get cheaper.

The prediction, made by Deutsche Bank’s leading solar industry analyst, Vishal Shah, is part of a report on Vivint Solar, the nation’s second-biggest solar panel installer. Shah believes Vivint Solar is doing so well that it will double its sales each year for the next two years.

The sharp decline in solar energy costs is the result of increased economies of scale leading to cheaper photovoltaic panels, new leasing models and declining installation costs.

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