How expensive is solar power? You’re going to be SHOCKED!

In some southern states, like North Carolin and Florida, NREL reports that utility-scale solar power prices may reach a levelized cost of approximately 5 cents per kilowatt hour. Incorporating the federal investment tax credit (ITC) could drop those prices down into the 3-4 cents per kilowatt hour range ($30-$40/MWh).

Are We Understating the Potential for (and Uncertainty in) Wind Energy Cost Reductions?

The single most-significant difference came from the so-called ‘leading experts’: a hand-selected group of 22 individuals who are among the wind sector’s most knowledgeable and senior leaders. Those experts were, on average, even more optimistic about wind energy cost reduction, expecting LCOE to decline by 27% by 2030 and 48% by 2050 in the median scenario, and by 57% and 66% in the low scenario (Figure 4). The views of this group suggest even greater potential for cost reduction than noted earlier.

Wind Energy’s Two Cents: Utilities Should Buy Now

The LBNL report tracks trends in cost and performance among other metrics for the wind energy industry nationwide. Just over 5% of all electricity generated in the country comes from wind power. The average installed price for wind energy capacity is down 24% in just five years.

Wind power prices continue to PLUMMET

Lawrence Berkeley National Laboratory (LBNL) has released its 2014 Wind Technologies Market Report. This annual report highlights important achievements for the wind industry. Wind power purchase agreement prices have hit record lows. That’s good news for the South, where wind energy is beginning to make inroads. The National Renewable Energy Lab previously found that new innovative turbines, with taller towers and longer blades, open up billions of dollars worth of wind energy opportunity in the South. Listed below are a few highlights from LBNL’s most recent report.

Clean, Distributed Energy Can Benefit Low-Income Families

This post, authored by Jorge Madrid and Marilynn Marsh-Robinson, originally appeared on Energy Exchange, a blog by Environmental Defense Fund, on November 17, 2014. You can view the original post here. We’ve spent nearly 15 years collectively working on clean energy solutions for both rural and urban communities, often with under-resourced and underrepresented people at the [...]

New Report on Wind Energy Shows Cost Reductions, Innovation

Lawrence Berkeley National Laboratory (LBNL) has released its 2013 Wind Technologies Market Report. This annual report notes important achievements for the wind industry. Overall, wind turbine innovation increasingly makes wind energy development across the country a winning proposition. Wind turbine costs and the price for wind energy continues to drop.

Wind Farms Don’t Affect Property Values

“Across all model specifications, we find no statistical evidence that home prices near wind turbines were affected [...] There is no statistical evidence that homes in either the PAPC [post-announcement, pre-construction] or PC [post-construction] periods that sold near turbines (i.e., within a mile or even a half mile) did so for less than similar homes that sold between 3 and 10 away miles in the same period.”