January 2016

Is Solar the Energy of the Future?

Yes, according to a June 2015 report from investment bank UBS. Solar energy (and home solar energy in particular) seems to be in an exciting growth stage, and the UBS report confirms this. The analysts concluded that global solar installations could represent 10% of the world’s electricity supply within a decade. The UBS analysts believe that solar will beat nuclear and coal power to become the “default” power generation technology. This report comes on the heels of two September 2014 reports by the International Energy Agency (IEA), which offer a roadmap for solar becoming the largest source of electricity by mid-century.