Jennifer Hiller of The Wall Street Journal reports on the growing number of Americans who are producing their own power.
- Driven by grid reliability concerns and the falling cost of renewables, Americans are beginning to produce their own power.
- Over the past 20 years there has been a 10-fold increase in installed backup generators in homes valued at $150,000 or more.
- This shift in energy production has been largely beneficial for consumers and the environment.
- By reducing barriers to entry and increasing competition state regulators can further the deployment of microgrids.
“After a winter storm knocked out power to most of Texas last February, home solar company Sunrun Inc. said traffic to its website spiked 350%. In California, the company said orders for solar paired with battery storage rose following devastating wildfires and policies by utilities such as PG&E Corp. to shut off electricity in certain areas during high winds to reduce the risk that downed power lines could spark fires.”
Read the full article here.