Goldman Sachs Declares Solar Energy Will Soon Be Cheaper Than Fossil Fuels, and Elon Musk is a Genius

March 18, 2014

Goldman Sachs, Solar Energy, solar parity, price of solar panels, price of solar energy, Elon Musk, Tesla, Tesla Gigafactory, renewable energy, cost of fossil fuels

They may be one of the greediest, most exploitative firms on Wall Street, but Goldman Sachs knows a profitable investment when they see one. The company recently released a report that states solar energy is fast approaching grid parity – the moment when electricity from solar power becomes the same price or cheaper than electricity produced by fossil fuels. The report also cites the vision of Tesla CEO Elon Musk as a major factor in the growth of renewable energy – as Inhabitat reported, Tesla’s recently announced lithium-ion “Gigafactory” is expected to reduce EV battery costs by more than 30 percent. That, coupled with the fact that solar panel prices continue to plummet, is a big reason why Goldman Sachs sees renewable energy as the path to the future.

Goldman Sachs, Solar Energy, solar parity, price of solar panels, price of solar energy, Elon Musk, Tesla, Tesla Gigafactory, renewable energy, cost of fossil fuels Goldman Sachs, Solar Energy, solar parity, price of solar panels, price of solar energy, Elon Musk, Tesla, Tesla Gigafactory, renewable energy, cost of fossil fuels

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