Clean Energy Is Budget-Friendly


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In my, I talked about how clean energy specifically energy efficiency can save us money. There continues to be good news about energy efficiency reducing peoples bills; just check out. The same is true of clean, renewable sources of energy like wind, solar, geothermal, tidal and small hydro.Solar power, for instance, has nearly in certain areas (i.e. its retail price is the same as traditional fuels), and you can bet that as the technology improves further, costs will keep falling.

A handy identifies where the most exciting cost reductions are happening with solar energy on the road to. Unsurprisingly,California is leading the pack, and it looks like San Diego may become the first city where power produced from solar photovoltaic technology costs the same per hour as power from dirty fossil fuels. (Although, tsk tsk California, you really should do better with renewable energy project implementation in.)

image via Shutterstock

Wind energy prices are also falling steadily, and it too may achieve national-scale grid parity. According to some analyses, wind is already as in certain parts of the world (like Brazil, Mexico and Sweden), and if one includes policy incentives for wind power butexcludes incentives for all dirty, carbon-polluting fossil fuels it may even be as cost-competitive as.

Theres more: Analysis shows that the five U.S. states with the highest amount of installed renewable energy were the same states that experienced between 2005 and 2010. In other words,consumers in states with more renewable energy saw their bills go up by far less than the average American, as well as residents of states with less renewable energy. With a host of and incentives, installing clean energy components is becoming cheaper too.

Globally too, renewables are becoming increasingly cost-competitive with dirty fossil fuels. The International Energy Agency affirmed this in a recent report that recognized there have already beensignificant price reductions in renewables. The report also projected that such at a steady pace. Click to read more about the falling prices of solar and see a stunning graph.

Guess how else clean energy will help the nations budget, and ultimately yours:it eliminates billions of dollars a year in health and environmental costs arising from dirty fuels. An analysis from Harvard Medical School showed that in the U.S. alone, in costs that are not adequately accounted for in the official price (known in economics as externalities).

And this doesnt even take into account theoverall economic benefits of job growth in the renewable energy sector. The Brookings Institute reported that the clean-tech sector experienced compared to the rest of the economy during the recession. The reports that at least 6,735 unique new jobs were added in the solar sector in 2010-2011, taking thetotal U.S. workforce in the industry to over 100,000. Solar energy, in particular, continues to be one of the, with a 140% and a.

All in all,renewable energy is rapidly becoming just as inexpensive as fossil fuels even when you dont account for the very high costs from the carbon pollution thats changing our climate. The good news is that were well on our way to reaping all of renewable energys benefits. This is a clean energy future that I can hardly wait for. I hope our top policymakers agree with me!

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