March 26 -- What’s good news for those concerned with climate change, and bad news for electric utilities? That’s grid parity, which is sometimes called socket parity. It exists when an alternative energy source generates electricity at a cost matching the price of power from the electric grid.
As grid parity becomes increasingly common, renewable energy could transform our world and slow the effects of climate change. Advances in solar panels and battery storage will make it more realistic for consumers to dump their electric utility, and power their homes through solar energy that is stored in batteries for cloudy days. >>View Article