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09 21, 24, 11:33:17:AM

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 |  All Boards  |  Current Events  |  Topic: Wind and solar are the cheapest sources of new power in the U.S. 0 Members and 5 Guests are viewing this topic.
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Author Topic: Wind and solar are the cheapest sources of new power in the U.S.  (Read 11 times)
wvit1001
Sr. Member

Posts: I am a geek!!


« on: 09 20, 24, 10:29:53:PM » Reply

It’s true that electricity from wind and sunshine is intermittent, depending on the weather and time of day. So these power sources require building more energy storage and electrical transmission lines. But their fuel is free, unlike fossil fuels, whose prices vary wildly.

A plethora of evidence, including real-world electricity rates and power generation mixes, demonstrates that wind and solar energy tend to reduce electricity prices compared to fossil fuels. Bottom line: Electricity prices have generally increased for the same reason as everything else – inflation.

Wind energy has been the cheapest source of new electricity in the U.S. for about a decade, according to the Lazard financial services company’s annual levelized cost of energy report.

This analysis accounts for the cost of electricity generation over the lifetime of the source, including factors like capital, operations and maintenance, fuel costs, financing, and utilization rates. In other words, it accounts for the fact that wind and solar power are intermittent. They are nevertheless the two cheapest sources of new power available in the U.S. today, especially when including clean energy tax credits from the 2022 Inflation Reduction Act, or IRA.





https://yaleclimateconnections.org/2024/09/donald-trump-is-wrong-about-the-cost-of-wind-energy/
WWV10MHZ
LET'S GO BRANDON!!!
Sr. Member

Posts: 59198

LIBERALISM - Spawned by SATAN!


« Reply #1 on: 09 20, 24, 11:03:25:PM » Reply

BUT, they'll NEVER be able to achieve the amount of energy we need to run our economy.

They are nice to have as supplemental sources, but fall short if considered as the sole providers.
wvit1001
Sr. Member

Posts: I am a geek!!


« Reply #2 on: 09 20, 24, 11:18:13:PM » Reply

Has someone said that wind or solar would be enough to run our country wavy?   you surely have a link to that that you can share don't you?
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