Want to point everyone’s attention to this article Macquarie Group: Rooftop Solar Is Unstoppable regarding an analysis comparing fossil fuel power generation with wide scale distributed energy prepared by one of the lenders for the chromite strip miners ORC (Oregon Resources Corp).

…solar PV can even offer savings at industrial and commercial grid prices which are even lower at €0.11-0.17/kWh.

“Consequently, solar installations could continue at a rapid pace even without subsidies,” Macquarie notes. “Ultimately, this would threaten the role of coal-fired generation as the price setter in wholesale power price formation.”

Macquarie says that these effects seem self-reinforcing and hard to stop, unless there is a total power system overhaul. That, though, is unlikely. “We cannot see political will for such an overhaul. Quite to the contrary, German Environment Minister (Peter) Altmaier proposed in October 2012 to lift the country‟s 2020 renewable energy target to 40 per cent” (and its 2030 target to 80 per cent).

The report is about Europe, Germany specifically which elected to shutdown all nuclear power production in the aftermath of the Fukushima disaster and focus upon renewable energy sources. Macquarie notes that the cost of solar has gone down placing rooftop solar on a parity with its dirtier energy producing cousins without the downstream environmental degradation. Producing power at the point of consumption, eliminating transmission losses, will always be more efficient and there is a lot of unused rooftop real estate ready and waiting for solar and wind turbine installations.

Regrettably, the local economic development agencies have yet to catch up with these new opportunities.