Tag Archives: NRG Energy

Solar Shines as Sellers Sometimes Pay Buyers to Use Power

By Naureen Malik, Bloomberg Business

Move over, shale. The sun is now the fastest-growing source of U.S. electricity.

Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprints. Rooftop panels are sprouting on homes from suburban New York to Phoenix, driven by suppliers such as Solar City Corp. and NRG Energy Inc.

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NRG Energy sees shining future for solar

david-crane

David Crane

Recently Bill Loveless, writer for USA Today, interviewed David Crane, CEO of NRG Energy, the largest independent producer of electricity in our nation. NRG is aiming to “eventually becoming a strong rival” to Solar City, currently the industry leader in rooftop installations. Here is an excerpt from the article:

“I’m very bullish on the idea that within three to five years people will be able to go off the grid,” Crane said . . . He said he has “no time for the debate” over whether state policies promoting rooftop solar punish non-solar customers by leaving them with a greater share of a utility’s operating costs. One of those policies, known as “net metering,” requires utilities to compensate homeowners for solar power they generate but don’t use.

“What will happen is that when people can go all the way off the grid, the debate over whether net metering is fair to people who don’t have solar panels will become moot because people will have gone completely beyond the reach of the system,” he said.

Read the entire article here.