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Another economic measure, closely related to the energy payback time, is the energy returned on energy invested (EROEI) or energy return on investment (EROI),[131] which is the ratio of electricity generated divided by the energy required to build and maintain the equipment. (This is not the same as the economic return on investment (ROI), which varies according to local energy prices, subsidies available and metering techniques.) With expected lifetimes of 30 years,[132] the EROEI of PV systems are in the range of 10 to 30, thus generating enough energy over their lifetimes to reproduce themselves many times (6–31 reproductions) depending on what type of material, balance of system (BOS), and the geographic location of the system.[133]
In terms of ocean energy, another third-generation technology, Portugal has the world's first commercial wave farm, the Aguçadora Wave Park, under construction in 2007. The farm will initially use three Pelamis P-750 machines generating 2.25 MW.[44][45] and costs are put at 8.5 million euro. Subject to successful operation, a further 70 million euro is likely to be invested before 2009 on a further 28 machines to generate 525 MW.[46] Funding for a wave farm in Scotland was announced in February, 2007 by the Scottish Executive, at a cost of over 4 million pounds, as part of a £13 million funding packages for ocean power in Scotland. The farm will be the world's largest with a capacity of 3 MW generated by four Pelamis machines.[47] (see also Wave farm).

Alternatively, SRECs allow for a market mechanism to set the price of the solar generated electricity subsity. In this mechanism, a renewable energy production or consumption target is set, and the utility (more technically the Load Serving Entity) is obliged to purchase renewable energy or face a fine (Alternative Compliance Payment or ACP). The producer is credited for an SREC for every 1,000 kWh of electricity produced. If the utility buys this SREC and retires it, they avoid paying the ACP. In principle this system delivers the cheapest renewable energy, since the all solar facilities are eligible and can be installed in the most economic locations. Uncertainties about the future value of SRECs have led to long-term SREC contract markets to give clarity to their prices and allow solar developers to pre-sell and hedge their credits.
Since the 1970s, Brazil has had an ethanol fuel program which has allowed the country to become the world's second largest producer of ethanol (after the United States) and the world's largest exporter.[125] Brazil's ethanol fuel program uses modern equipment and cheap sugarcane as feedstock, and the residual cane-waste (bagasse) is used to produce heat and power.[126] There are no longer light vehicles in Brazil running on pure gasoline. By the end of 2008 there were 35,000 filling stations throughout Brazil with at least one ethanol pump.[127] Unfortunately, Operation Car Wash has seriously eroded public trust in oil companies and has implicated several high ranking Brazilian officials.
Many residential PV systems are connected to the grid wherever available, especially in developed countries with large markets.[10] In these grid-connected PV systems, use of energy storage is optional. In certain applications such as satellites, lighthouses, or in developing countries, batteries or additional power generators are often added as back-ups. Such stand-alone power systems permit operations at night and at other times of limited sunlight.
In 2011, the International Energy Agency said that "the development of affordable, inexhaustible and clean solar energy technologies will have huge longer-term benefits. It will increase countries' energy security through reliance on an indigenous, inexhaustible and mostly import-independent resource, enhance sustainability, reduce pollution, lower the costs of mitigating climate change, and keep fossil fuel prices lower than otherwise. These advantages are global. Hence the additional costs of the incentives for early deployment should be considered learning investments; they must be wisely spent and need to be widely shared".[49] Italy has the largest proportion of solar electricity in the world, in 2015 solar supplied 7.8% of electricity demand in Italy.[54] In 2016, after another year of rapid growth, solar generated 1.3% of global power.[55]
Wave power, which captures the energy of ocean surface waves, and tidal power, converting the energy of tides, are two forms of hydropower with future potential; however, they are not yet widely employed commercially. A demonstration project operated by the Ocean Renewable Power Company on the coast of Maine, and connected to the grid, harnesses tidal power from the Bay of Fundy, location of world's highest tidal flow. Ocean thermal energy conversion, which uses the temperature difference between cooler deep and warmer surface waters, has currently no economic feasibility.
Nearly all the gasoline sold in the United States today is mixed with 10% ethanol,[128] and motor vehicle manufacturers already produce vehicles designed to run on much higher ethanol blends. Ford, Daimler AG, and GM are among the automobile companies that sell "flexible-fuel" cars, trucks, and minivans that can use gasoline and ethanol blends ranging from pure gasoline up to 85% ethanol. By mid-2006, there were approximately 6 million ethanol compatible vehicles on U.S. roads.[129]

Our home wind turbene systems are Wind/Solar Hybrid, and are qualified for government tax crdedits of 30%. So, for your investment made in these systems the IRS credits you back 30% within one year of purchase. You get 30% back from the IRS. So, basically the government will pay for almost 1/3 of your investment made in your new home wind Generator energy system. This includes all installation costs and expenses and is a real nice start on your investment payback.
Any solar PV system that’s tied to the grid will use a bi-directional meter. When you use electricity from the grid, you’ll see your meter move forward. But when your solar PV system produces electricity, any excess will go back into the grid and your meter will move backward. This is called “net metering,” and the utility company will credit your bill for the excess electricity generated.
Renewable energy technology has sometimes been seen as a costly luxury item by critics, and affordable only in the affluent developed world. This erroneous view has persisted for many years, but 2015 was the first year when investment in non-hydro renewables, was higher in developing countries, with $156 billion invested, mainly in China, India, and Brazil.[134]
High Temperature Geothermal energy is from thermal energy generated and stored in the Earth. Thermal energy is the energy that determines the temperature of matter. Earth's geothermal energy originates from the original formation of the planet and from radioactive decay of minerals (in currently uncertain[56] but possibly roughly equal[57] proportions). The geothermal gradient, which is the difference in temperature between the core of the planet and its surface, drives a continuous conduction of thermal energy in the form of heat from the core to the surface. The adjective geothermal originates from the Greek roots geo, meaning earth, and thermos, meaning heat.
Solar energy is a flexible energy technology: it can be built as distributed generation (located at or near the point of use) or as a central-station, utility-scale solar power plant (similar to traditional power plants). Both of these methods can also store the energy they produce for distribution after the sun sets, using cutting edge solar + storage technologies.
The waste we generate ends up in landfills, where it decomposes and produces landfill gas made of approximately 50 percent methane. This gas can be captured and used to fuel electric generators. Since large landfills must burn off this gas to reduce the hazards arising from gas buildup, this method of renewable energy is one of the most successful.
Biomass, biogas and biofuels are burned to produce heat/power and in doing so harm the environment. Pollutants such as sulphurous oxides (SOx), nitrous oxides (NOx), and particulate matter (PM) are produced from this combustion; the World Health Organisation estimates that 7 million premature deaths are caused each year by air pollution.[102] Biomass combustion is a major contributor.[102][103][104]
For a 6 kW wind turbine to produce that much energy per average year, you need an annual average wind speed of close to 5 m/s (11 mph) blowing at turbine hub height. It may not sound like much, but that is a reasonably windy place. Much of North America does not have that much wind at 100′ or below. Keep in mind, you need that much wind just to break even in energy production vs. solar. To outweigh the disadvantages of small turbines you better have more!
Electricity produced by wind generators can be used directly, as in water pumping applications, or it can be stored in batteries for later use. Wind generators can be used alone, or they may be used as part of a hybrid system, in which their output is combined with that of solar panels, and /or a fossil fuel generator. Hybrid systems are especially useful for winter backup of home systems where cloudy weather and windy conditions occur simultaneously.

Geothermal power plants can operate 24 hours per day, providing base-load capacity, and the world potential capacity for geothermal power generation is estimated at 85 GW over the next 30 years. However, geothermal power is accessible only in limited areas of the world, including the United States, Central America, East Africa, Iceland, Indonesia, and the Philippines. The costs of geothermal energy have dropped substantially from the systems built in the 1970s.[10] Geothermal heat generation can be competitive in many countries producing geothermal power, or in other regions where the resource is of a lower temperature. Enhanced geothermal system (EGS) technology does not require natural convective hydrothermal resources, so it can be used in areas that were previously unsuitable for geothermal power, if the resource is very large. EGS is currently under research at the U.S. Department of Energy.

Renewable energy is derived from natural processes that are replenished constantly. In its various forms, it derives directly from the sun, or from heat generated deep within the earth. Included in the definition is electricity and heat generated from solar, wind, ocean, hydropower, biomass, geothermal resources, and biofuels and hydrogen derived from renewable resources.
Going forward, there is hope for the small wind future! Certification programs are under way in various places to provide real turbine performance data. In North America this is being spearheaded by the Small Wind Certification Council, which requires third-party certification of turbine performance in a standardized fashion. Manufacturers will no longer be able to fudge power curves, or specify ‘rated power’ at hurricane-force wind speeds. This will allow you, the consumer, to compare turbines on a much more even footing.
In October 2018, the American Council for an Energy-Efficient Economy (ACEEE) released its annual "State Energy Efficiency Scorecard." The scorecard concluded that states and electric utility companies are continuing to expand energy efficiency measures in order to meet clean energy goals. In 2017, the U.S. spent $6.6 billion in electricity efficiency programs. $1.3 billion was spent on natural gas efficiency. These programs resulted in 27.3 million megawatt hours (MWh) of electricity saved.[160]
Artificial photosynthesis uses techniques including nanotechnology to store solar electromagnetic energy in chemical bonds by splitting water to produce hydrogen and then using carbon dioxide to make methanol.[182] Researchers in this field are striving to design molecular mimics of photosynthesis that utilize a wider region of the solar spectrum, employ catalytic systems made from abundant, inexpensive materials that are robust, readily repaired, non-toxic, stable in a variety of environmental conditions and perform more efficiently allowing a greater proportion of photon energy to end up in the storage compounds, i.e., carbohydrates (rather than building and sustaining living cells).[183] However, prominent research faces hurdles, Sun Catalytix a MIT spin-off stopped scaling up their prototype fuel-cell in 2012, because it offers few savings over other ways to make hydrogen from sunlight.[184]
“University of Texas Study Highlights Wind’s Low Cost” • Wind, solar and natural gas have the lowest levelized cost of electricity in the majority of counties across the United States, according to a new report from The University of Texas at Austin’s Energy Institute, part of a series of white papers on the Full Cost of Electricity. [Into the Wind]

In conclusion, I would say that however great the scientific importance of this discovery may be, its practical value will be no less obvious when we reflect that the supply of solar energy is both without limit and without cost, and that it will continue to pour down upon us for countless ages after all the coal deposits of the earth have been exhausted and forgotten.[36]
Renewable energy variability is a problem for corporate buyers. But what is undesirable to buyers is attractive for insurance companies, whose core business revolves around managing weather-related risks. VFAs sit on top of a new or existing PPA and are effectively designed to pay the corporate buyer when they’re getting less renewable power than they contracted for, and give money to the insurer when there’s more.
Within emerging economies, Brazil comes second to China in terms of clean energy investments. Supported by strong energy policies, Brazil has one of the world’s highest biomass and small-hydro power capacities and is poised for significant growth in wind energy investment. The cumulative investment potential in Brazil from 2010 to 2020 is projected as $67 billion.[155]

Another situation where a small wind turbine can make good sense is in case your province, state, or country has rebates or other incentives that make it cheap to install one (just keep ongoing maintenance and repair cost in mind as well). While we would like to advocate responsible spending of government money, the small wind industry needs many more customers to mature. It takes time and installation numbers for manufacturers to work out the bugs, make better turbines, and make them cheaper.
Other renewable energy technologies are still under development, and include cellulosic ethanol, hot-dry-rock geothermal power, and marine energy.[156] These technologies are not yet widely demonstrated or have limited commercialization. Many are on the horizon and may have potential comparable to other renewable energy technologies, but still depend on attracting sufficient attention and research, development and demonstration (RD&D) funding.[156]
The blades for the wind generator are repurposed from a vehicle fan clutch. To attach the blades to the alternator, you can weld the fan clutch hub directly to the alternator hub — just make certain the fan is perfectly in line with the alternator shaft. Also, make sure the alternator’s built-in wire plug-ins are located on what will be the bottom of the generator. If you don’t have access to a welder, you can connect the fan clutch to the alternator using the following materials:
From the end of 2004, worldwide renewable energy capacity grew at rates of 10–60% annually for many technologies. In 2015 global investment in renewables rose 5% to $285.9 billion, breaking the previous record of $278.5 billion in 2011. 2015 was also the first year that saw renewables, excluding large hydro, account for the majority of all new power capacity (134 GW, making up 53.6% of the total). Of the renewables total, wind accounted for 72 GW and solar photovoltaics 56 GW; both record-breaking numbers and sharply up from 2014 figures (49 GW and 45 GW respectively). In financial terms, solar made up 56% of total new investment and wind accounted for 38%.

^ Jump up to: a b c Fridleifsson,, Ingvar B.; Bertani, Ruggero; Huenges, Ernst; Lund, John W.; Ragnarsson, Arni; Rybach, Ladislaus (11 February 2008). O. Hohmeyer and T. Trittin, ed. "The possible role and contribution of geothermal energy to the mitigation of climate change" (PDF). Luebeck, Germany: 59–80. Archived from the original (pdf) on 22 July 2011. Retrieved 6 April 2009.

Other renewable energy technologies are still under development, and include cellulosic ethanol, hot-dry-rock geothermal power, and marine energy.[156] These technologies are not yet widely demonstrated or have limited commercialization. Many are on the horizon and may have potential comparable to other renewable energy technologies, but still depend on attracting sufficient attention and research, development and demonstration (RD&D) funding.[156]
Jump up ^ Schröder, K.-P.; Smith, R.C. (2008). "Distant future of the Sun and Earth revisited". Monthly Notices of the Royal Astronomical Society. 386 (1): 155–163. arXiv:0801.4031. Bibcode:2008MNRAS.386..155S. doi:10.1111/j.1365-2966.2008.13022.x. See also Palmer, J. (2008). "Hope dims that Earth will survive Sun's death". New Scientist. Retrieved 24 March 2008.
Floatovoltaics are an emerging form of PV systems that float on the surface of irrigation canals, water reservoirs, quarry lakes, and tailing ponds. Several systems exist in France, India, Japan, Korea, the United Kingdom and the United States.[149][150][151][152] These systems reduce the need of valuable land area, save drinking water that would otherwise be lost through evaporation, and show a higher efficiency of solar energy conversion, as the panels are kept at a cooler temperature than they would be on land.[153] Although not floating, other dual-use facilities with solar power include fisheries.[154]
"Eggbeater" turbines, or Darrieus turbines, were named after the French inventor, Georges Darrieus.[31] They have good efficiency, but produce large torque ripple and cyclical stress on the tower, which contributes to poor reliability. They also generally require some external power source, or an additional Savonius rotor to start turning, because the starting torque is very low. The torque ripple is reduced by using three or more blades which results in greater solidity of the rotor. Solidity is measured by blade area divided by the rotor area. Newer Darrieus type turbines are not held up by guy-wires but have an external superstructure connected to the top bearing.[32]
The world of small wind turbines is much like the wild-west of a century ago: Anything goes, and no claim is too bold. Wind turbine manufacturers will even routinely make claims that are not supported by the Laws of Physics. Energy production claims are often exaggerated, as are power curves. In fact, this is the rule, not the exception. Those manufacturers that tell the truth are the exception. Many manufacturers have never tested their wind turbines under real-world conditions. Some have never tested their turbine before selling it to unsuspecting customers. We are not joking! Because we sell grid-tie inverters for small wind turbines we have a front-row seat when it comes to actual operation of turbines of many makes and models. It turns out that some do not work; they self-destruct within days, and sometimes run away and blow their inverter within seconds after being turned onfor  the first time (clearly nobody at the factory bothered to ever test it).

In net metering the price of the electricity produced is the same as the price supplied to the consumer, and the consumer is billed on the difference between production and consumption. Net metering can usually be done with no changes to standard electricity meters, which accurately measure power in both directions and automatically report the difference, and because it allows homeowners and businesses to generate electricity at a different time from consumption, effectively using the grid as a giant storage battery. With net metering, deficits are billed each month while surpluses are rolled over to the following month. Best practices call for perpetual roll over of kWh credits.[97] Excess credits upon termination of service are either lost, or paid for at a rate ranging from wholesale to retail rate or above, as can be excess annual credits. In New Jersey, annual excess credits are paid at the wholesale rate, as are left over credits when a customer terminates service.[98]