With the dedication of its solar panel research facility in Alexander City Thursday, the Alabama Municipal Electric Authority signaled it believes energy derived from sunlight will be a significant part of its future power portfolio.

“In the next three to five years, I think we could draw as much as 7 percent of our energy from solar,” AMEA president and CEO Fred Clark said. “The panels are coming down in cost to get to the scale to be economical. When we get to that scale, we’ll reduce the amount of energy we buy from coal and natural gas sources. And solar energy has a fixed price. We want diversity in our energy sources and we believe it will get more economical as we go down the road. In another 10 to 20 years, energy costs will likely go down due to technology like this.”