Energy Issues

Costs PicNot every form of renewable energy is cost-competitive with fossil fuels regardless of location. But in every corner of the United States, sources of renewable energy are competing with fossil fuels on cost.

Thanks to recent technological advances, the cost of electricity generation from renewable sources has plummeted over the last few years. Wind energy is already cheaper than any other form of electricity generation on average, and both utility-scale PV solar and geothermal energy have reached grid parity, according to financial advisor Lazard.1
Lazard, September 2014

The solar industry offers a stark example of the plummeting cost of renewables. The price of solar panels dropped by 80% from 2008 to 2012.2
Bloomberg, September 2012
That has consistently resulted in cheaper solar installations, and a majority of the cost of solar installations now comes from “soft costs” – not hardware.3
National Renewable Energy Laboratory, October 2013

However, the cheapest form of electricity – and the cleanest – is the one that’s not generated. According to the American Council for an Energy-Efficient Economy, it costs U.S. utilities an average of $0.028 to save a kW/h of electricity. That’s anywhere from 50% to 66% less than the average cost to generate a kW/h of electricity.4
American Council for an Energy-Efficient Economy, March 2014

  Jul 09, 2015  |    Bloomberg, July 2015

  Apr 23, 2015  |    Acadia Center, April 2015

  Apr 23, 2015  |    Lazard, September 2014

  Apr 21, 2015  |    SEIA, May 2013

  Aug 07, 2014  |    Times-Tribune

  Jul 29, 2014  |    U.S. EPA

  Jul 21, 2014  |    The Brattle Group

  Jul 16, 2014  |    Interstate Renewable Energy Council

  Jun 19, 2014  |    Boston Globe

  Jun 17, 2014  |    KSNW

  Jun 04, 2014  |    ABC News

  Jun 02, 2014  |

  May 09, 2014  |    CleanTechnica

  Mar 18, 2014  |    PV Magazine

  Mar 06, 2014  |    SEIA



  Jan 24, 2015


  Jan 24, 2015

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