I’ve heard that the price of getting solar panels installed on a home is lower than ever, but has it gotten to the point anywhere in the U.S. where it’s actually cheaper than traditional grid power yet? – Lester Milstein, Boston, Mass.
Rooftop solar panels have always been the province of well-to-do, eco-friendly folks willing to shell out extra bucks to be green, but that is all starting to change. According to the National Renewable Energy Laboratory (NREL), the cost of putting solar panels on a typical American house has fallen by some 70 percent over the last decade and a half. And a recent report from Deutsche Bank shows that solar has already achieved socalled “price parity” with fossil fuel-based grid power in 10 U.S. states. Deutsche Bank goes on to say that solar electricity is on track to be as cheap or cheaper than average electricity- bill prices in all but three states by 2016—assuming, that is, that the federal government maintains the 30 percent solar investment tax credit it currently offers homeowners on installation and equipment costs.