Mike Walden: The Growth of Solar Power

I’m Mary Walden with economist Mike Walden

welcoming you to the economic perspective.  Today’s program looks at the growth of solar power.   Mike, there’s been a move in the country and our state to increase our use of renewable resources for the generation of power, such as electricity.   Has this move been successful?

 

Mike:  Summary Answer

  1. let’s look at one renewable – solar
  2. in just the last 6 years, solar power production has taken off
  3. and, interestingly, NC has been one of the leading states here
  4. public subsidies have been important, but has solar technology and economies of scale have improved, many see solar as being competitive without subsidies
  5. still have storage issue – only generates when sun is out
  6. also, some issues related to large land usage and impacts of equipment on the environment but looks like solar is here to stay