It is hard to beat the advantages of solar: No moving parts. Warranties of 25 years are common for PV modules. No maintenance, other than the occasional hosing-off if you live in a dusty place. The installed price of a 6 kW wind turbine on a good height tower is about $50,000 (and we are not even counting the money you are going to sink into maintenance of that wind turbine). At the time of this writing, half that money will buy you about 7 kW of installed solar panels. In our not-so-sunny Ottawa location those solar modules will produce around 8,000 kWh of electrical energy per average year, and they will do that for 30 years or more.
Manufacturers often claim that their vertical axis turbine is better at extracting power from low speed winds. Unfortunately the laws of physics get in the way here: There is very little power in low speed winds. The blade of a vertical or horizontal type turbine is equally good at extracting that power, though with the vertical type the blades move at an angle to the wind where they do not extract energy for part of every rotation, adding drag and making a vertical type turbine just a little less efficient than a similar sized horizontal one. There is no advantage when it comes to low winds.
Al Gore says the reason is innovation. “The cost-reduction curve that came to technologies like computers, smartphones and flat-panel televisions has come to solar energy, wind energy and battery storage,” he says. “I remember being startled decades ago when people first started to explain to me that the cost of computing was being cut in half every 18 to 24 months. And now this dramatic economic change has begun to utterly transform the electricity markets.”
As the cost of solar electricity has fallen, the number of grid-connected solar PV systems has grown into the millions and utility-scale solar power stations with hundreds of megawatts are being built. Solar PV is rapidly becoming an inexpensive, low-carbon technology to harness renewable energy from the Sun. The current largest photovoltaic power station in the world is the 850 MW Longyangxia Dam Solar Park, in Qinghai, China.