About Grid parity

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Title Grid parity
(from Freebase)
Grid parity is the point at which renewable electricity is equal to or cheaper than grid power. It is achieved first in areas with abundant sun and high costs for electricity such as in California, Hawai, Spain and Japan. Solar module prices are falling so fast that, in July 2009, it was surmised that solar would possibly be able to cost-effectively compete with fossil fuels, "within a matter of months." Grid parity has been reached in Hawaii and other islands that otherwise use fossil fuel (diesel fuel) to produce electricity, and most of the US is expected to reach grid parity by 2015. General Electric's Chief Engineer predicts grid parity without subsidies in sunny parts of the United States by around 2015. Other companies predict an earlier date: the cost of solar power will be below grid parity for more than half of residential customers and 10% of commercial customers in the OECD, as long as grid electricity prices do not decrease through 2010. The fully-loaded cost (cost not...
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