Barclays recently downgraded its outlook for U.S. electric utilities, reports Doochin, CEO of California-based solar distributor Soligent. And by 2030, he says that could point to a taxpayer bailout for a(nother) trillion-dollar industry. “Distributed generation is becoming cheaper and easier to install, leading to growth rates in the residential space of 60% per year,” Doochin writes. “Solar systems are becoming so simple that, with a little instruction, my accounting team was able to install a solar power system. This is good for the world, but not necessarily good for an established industry, like utilities.” The article cites Southern California Edison as one of a few power utilities that have embraced a shift to distributed renewables, and suggests steps that others can take.
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