California Sun Produces So Much Power That Electricity Prices Turn Negative
That beautiful California sun has been shining so strongly, that – for the first time ever – electricity prices have gone into the negative.
According to a newly-released study, the USA solar market has surged past all previous records set by installing 4,143 megawatts of solar power in it's third quarter – 191% more than the fourth quarter of 2015.
The report released by the Greentech Media Research Team projects that 2016's last quarter will show even more continuous growth, leading to 88% more growth than 2015.
"Coming off our largest quarter ever and with an extremely impressive pipeline ahead, it's safe to say the state of the solar industry here in America is strong," said Tom Kimbis, SEIA's interim president. "The solar market now enjoys an economically winning hand that pays off both financially and environmentally, and American taxpayers have noticed. With a 90 percent favorability rating and 209,000+ jobs, the U.S. solar industry has proven that when you combine smart policies with smart 21st century technology, consumers and businesses both benefit."
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