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Solar Energy Has Finally Arrived

By Joel South and Taylor Muckerman - Mar 16, 2014 at 1:36PM

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Costs are dropping as panels are flying off the shelves -- solar energy is here to stay.

Source: Wikipedia.

Solar energy in 2013 removed its training wheels and started competing with traditional energy sources. In the fourth quarter alone, the average weighted price per watt of solar capacity installed dropped by 15%, averaging $2.59 compared to more than $6 in 2010. Last quarter, SolarCity ( SCTY.DL ) installed a total of 70 megawatts of residential solar capacity, cementing its leading position in the U.S. residential solar market. With 41% overall domestic growth last year and sharply declining costs, solar energy is no longer for the wealthy, it's here for the masses. 

This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

SunPower Corporation Stock Quote
SunPower Corporation
SPWR
$24.44 (-9.11%) $-2.45
SolarCity Corporation Stock Quote
SolarCity Corporation
SCTY.DL

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