The Value of Renewable Energy
The concept of obtaining energy from renewable sources has some powerful appeal these days. Unfortunately, obtaining those resources is definitely a lot more expensive. In fact, some of the resources are intermittent and can lead to more problems. But it doesn't mean that we just lose hope on finally being able to use energy from sources that no longer will run out.
Anyway, let's talk about the potential and realities of renewable energy as we get closer to realizing its widespread use.
1 - Renewable energy is actually competitive.
You may not believe it, but renewable energy has become cheaper. A good example is the solar developers from California that signed a contract for power that is priced way below the projected price of natural gas. Moreover, wind power developers have gone through lengths to sign long-term agreements with different entities, the purpose of which is to provide 3 cents a kilowatt-hour charge, something that's way cheaper than any other existing power source.
2 - Renewable energy production will create more jobs when compared to fossil fuels.
A recent national study revealed that job creation in clean energy Innovations outperforms fossil fuels by a ratio of 3:1. This suggests that for every dollar that is put into clean and renewable energy, there is a creation of jobs three more times than what oil or gas industries create for the same amount. Likewise wind energy industry is responsible for creating over 75,000 jobs. That number can even grow bigger if twenty percent of our energy is transitioned to wind source.
3 - The fact is renewable energy has what it takes to improve grid quality.
Texas in 2011 almost got itself into a power emergency due to failing power plants; buy catastrophe was prevented because the state saw the potential of building wind farms to provide a practical power alternative source.
To add to that, the world can actually reach a certain point wherein the energy we use will come from renewable sources, thereby preventing or minimizing the negative impact on electric grid reliability. Several nations are already developing ways to use renewable energy sources, and the thing is they're really successful in it. Denmark for instance is already getting more than 20% of its electricity from renewable energy Inventions.
To conclude, we can rightfully say that any investment made in renewable energy will be considered as cost-effective. In America, five states that lead the race in wind and solar energy integration are seeing the lowest increase in electricity prices since 2005. While most other states experienced an average increase of 1.8 cents, the five states enjoyed a slight increase of 1.35 cents by average. View http://en.wikipedia.org/wiki/Solar_energy for facts about solar energy.