Even though some critics argue that the future of Solar Power is based upon its reduction in cost, it is imminent that coal and fossil fuels are soon going to get depleted. Some utilities have reported that they cannot increase their rates in order to supply Solar Power to their customers as their customers stick to them due to the availability of low-cost electricity.
But, solar energy beats these traditional sources of power when it comes to consideration for the planet and sustainability of the environment.
As per some experts grid parity, which is the point when solar energy is going to cost equivalent to traditional electricity, is going to take a decade more in some areas, and less in other areas. But, one thing is for certain that Solar Power is going to be the mainstay for electricity and other power requirements in a few years from now.
