Solar's 'Threat' to Utilities Prompts Financial Rating Downgrade

Old-school Barclays Bank sign | Photo: Dominic Alves/Flickr/Creative Commons License

It's that embarrassing thing where a major financial firm tells you your industrial sector might not survive if we save the planet. A team of analysts at Barclays, the dreadnought British bank and financial services firm, downgraded its rating for the American utilities sector this week due to perceived threat to the industry from residential rooftop solar with battery storage.

The move will make it more expensive for American power companies to obtain loans, especially if other analysts follow suit.

And it's all because the Barclays boffins figure that it will soon be cheaper to generate and store your own power than it will be to pay your electric bill as usual.

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