GreenWorld

UBS: the falling costs of solar power and battery storage combined with increasing use of electric vehicles means the end of large power plants--faster than you might think. UBS: the falling costs of solar power and battery storage combined with increasing use of electric vehicles means the end of large power plants–faster than you might think.

Already this year we’ve reported on several major investment banks and analysts that argue the future is solar power. First there was Goldman Sachs (Goldman Sachs sees a solar future for the U.S.–and that has nuclear utilities running scared), then Barclay’s (Nuclear industry wins short-term victories, but losing long-term battle), then Bloomberg (Bloomberg sees a renewable-powered future), then Citigroup (Citigroup: The revolution will not be televised).

Now the giant multinational investment firm UBS has joined the march toward a clean energy future.

In a letter to its clients, UBS says flat out: “It’s time to join the revolution.”

Right now, the payback period for installation of rooftop solar plus battery storage is about 12…

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