Follow us on Twitter Follow us on Facebook View our linked in profile View our RSS feeds
Your daily source for sustainable business & sustainable investor news.

(view sample issue)

This is an archived story. The information and any links may no longer be accurate.

07/15/2010 11:18 AM     print story email story  

Solar Power Now Cheaper Than Nuclear in North Carolina - Report News

Solar electricity has become cheaper than juice from new nuclear power plants in North Carolina, and will be far less expensive before nukes could be built. That’s according to a new report by the former chancellor of Duke University and emeritus chair of its economics department, who also said power companies are rejecting solar energy that’s priced below what new nuclear power would cost.

Moreover, he said, nuclear utilities are seeking additional, massive public subsidies and additional transfer of financial risks to electricity customers and taxpayers. “North Carolina should be leading, not lagging, in the transition to clean energy,” Dr. John Blackburn said during a press briefing last month. “We call on Governor Perdue and state agencies to see that a very important turning point has been reached, and act accordingly.”

He explained that the fast-growing worldwide solar industry is poised to bring thousands of manufacturing and installation jobs to North Carolina if the utilities will stop impeding its development.

Clean energy proponents have long awaited the day when solar and nuclear prices cross. Solar photovoltaic and hot water system costs have fallen steadily for years, and are projected to fall even more over the next 10 years due to manufacturing and installation advances.Meanwhile, design problems and rising cost estimates have led to delays and cancellations of U.S. nuclear projects.

The report explains that states with open competition for electricity sales are rejecting the nuclear gamble in favor of the combined economic and environmental benefits of solar, wind, cogeneration and energy efficiency; at least 20 states are ahead of North Carolina in developing clean energy. By contrast, the report shows, states with monopoly power markets are the ones still proposing to build new nuclear plants--with each project absorbing billions of public dollars.

Blackburn produced an “apples to apples” cost comparison, net of incentives for both technologies, based on interviews with solar installers across the state and published reports of solar trends and cost estimates to build nuclear plants. His report includes “rooftop” solar photovoltaic systems for homes and businesses, along with large solar “farm” installations.

“This state should place a cost cap on new nuclear power--and remove the one on solar,” added Blackburn, referring to legislation in 2007 restricting rate increases for solar energy while requiring that 0.2% of all utility sales be solar power. Solar installers and advocates have complained for months that the utilities are doing the bare minimum on renewables and energy efficiency so they can keep arguing for the need to build nuclear plants.

The economist, who has analyzed energy issues since the mid-1970s, produced the report for clean energy nonprofit NC WARN. It was co-authored by Sam Cunningham, a masters candidate at the Duke University Nicholas School for the Environment. The authors emphasize that solar prices should be compared to new nuclear plant costs, and that electric rates will rise much less with a clean- energy approach.

“We are asking the Governor to take the leadership in creating the new solar economy,” said NC WARN attorney John Runkle today. “The biggest barriers to solar electricity are the electric utilities, and if they begin construction on nuclear plants, our electricity rates will skyrocket and our solar industry will continue to be impeded.”

The solar-nuclear report is available at the link below.


Reader Comments (3)

Solar Panels Rock!

Date Posted:
12/23/10 04:28 PM

This is really exciting, maybe we can brush aside all the talk of nuclear power and focus on the real clean energy, solar power.

Report this post

That Solar Panel Guy

Date Posted:
08/02/11 02:03 AM

We don't need nuclear energy here in NC. They have it in SC, and it just makes the whole area look ominous, and uninviting. Solar and wind is the way to go.

Report this post

Ray Sims

Date Posted:
05/13/12 05:41 PM

DA tree huggers, better take a closer look, you can't make the same amount of power with solar and it there is no way it will be cheaper unless you are getting grants from our tax dollars. More obama dribble.

Report this post

Add Your Comment

(Use any name, your real name is not required)
Type the characters you see in the picture below.

home |about us |contact us |advertise |feeds |privacy policy |disclosure

Compare Green Cars   |   Find Alternative Fueling Stations