Some renewable power sources now cost somewhat more than conventional power, because the market for renewable energy is not fully developed and renewables have received fewer subsidies than fossil and nuclear fuels. Also, the damage to the environment and human health—otherwise known as externalities—caused by fossil fuels and nuclear power is not included in electricity prices. Renewable energy needs your support to overcome these barriers and become less expensive in the future. Look into becoming a green power consumer today!

The early development of solar technologies starting in the 1860s was driven by an expectation that coal would soon become scarce. Charles Fritts installed the world's first rooftop photovoltaic solar array, using 1%-efficient selenium cells, on a New York City roof in 1884.[28] However, development of solar technologies stagnated in the early 20th century in the face of the increasing availability, economy, and utility of coal and petroleum.[29] In 1974 it was estimated that only six private homes in all of North America were entirely heated or cooled by functional solar power systems.[30] The 1973 oil embargo and 1979 energy crisis caused a reorganization of energy policies around the world and brought renewed attention to developing solar technologies.[31][32] Deployment strategies focused on incentive programs such as the Federal Photovoltaic Utilization Program in the US and the Sunshine Program in Japan. Other efforts included the formation of research facilities in the United States (SERI, now NREL), Japan (NEDO), and Germany (Fraunhofer–ISE).[33] Between 1970 and 1983 installations of photovoltaic systems grew rapidly, but falling oil prices in the early 1980s moderated the growth of photovoltaics from 1984 to 1996.
Heat pumps and Thermal energy storage are classes of technologies that can enable the utilization of renewable energy sources that would otherwise be inaccessible due to a temperature that is too low for utilization or a time lag between when the energy is available and when it is needed. While enhancing the temperature of available renewable thermal energy, heat pumps have the additional property of leveraging electrical power (or in some cases mechanical or thermal power) by using it to extract additional energy from a low quality source (such as seawater, lake water, the ground, the air, or waste heat from a process).

Shi Zhengrong has said that, as of 2012, unsubsidised solar power is already competitive with fossil fuels in India, Hawaii, Italy and Spain. He said "We are at a tipping point. No longer are renewable power sources like solar and wind a luxury of the rich. They are now starting to compete in the real world without subsidies". "Solar power will be able to compete without subsidies against conventional power sources in half the world by 2015".[75]

Globally, the long-term technical potential of wind energy is believed to be five times total current global energy production, or 40 times current electricity demand, assuming all practical barriers needed were overcome. This would require wind turbines to be installed over large areas, particularly in areas of higher wind resources, such as offshore. As offshore wind speeds average ~90% greater than that of land, so offshore resources can contribute substantially more energy than land stationed turbines.[44] In 2014 global wind generation was 706 terawatt-hours or 3% of the worlds total electricity.[45]
While the material cost is significantly higher for all-glass fiber blades than for hybrid glass/carbon fiber blades, there is a potential for tremendous savings in manufacturing costs when labor price is considered. Utilizing carbon fiber enables for simpler designs that use less raw material. The chief manufacturing process in blade fabrication is the layering of plies. By reducing the number of layers of plies, as is enabled by thinner blade design, the cost of labor may be decreased, and in some cases, equate to the cost of labor for glass fiber blades.[51]
The primary obstacle that is preventing the large scale implementation of solar powered energy generation is the inefficiency of current solar technology. Currently, photovoltaic (PV) panels only have the ability to convert around 24% of the sunlight that hits them into electricity.[125] At this rate, solar energy still holds many challenges for widespread implementation, but steady progress has been made in reducing manufacturing cost and increasing photovoltaic efficiency. Both Sandia National Laboratories and the National Renewable Energy Laboratory (NREL), have heavily funded solar research programs. The NREL solar program has a budget of around $75 million [126] and develops research projects in the areas of photovoltaic (PV) technology, solar thermal energy, and solar radiation.[127] The budget for Sandia’s solar division is unknown, however it accounts for a significant percentage of the laboratory’s $2.4 billion budget.[128] Several academic programs have focused on solar research in recent years. The Solar Energy Research Center (SERC) at University of North Carolina (UNC) has the sole purpose of developing cost effective solar technology. In 2008, researchers at Massachusetts Institute of Technology (MIT) developed a method to store solar energy by using it to produce hydrogen fuel from water.[129] Such research is targeted at addressing the obstacle that solar development faces of storing energy for use during nighttime hours when the sun is not shining. In February 2012, North Carolina-based Semprius Inc., a solar development company backed by German corporation Siemens, announced that they had developed the world’s most efficient solar panel. The company claims that the prototype converts 33.9% of the sunlight that hits it to electricity, more than double the previous high-end conversion rate.[130] Major projects on artificial photosynthesis or solar fuels are also under way in many developed nations.[131]
There are numerous organizations within the academic, federal, and commercial sectors conducting large scale advanced research in the field of sustainable energy. This research spans several areas of focus across the sustainable energy spectrum. Most of the research is targeted at improving efficiency and increasing overall energy yields.[94] Multiple federally supported research organizations have focused on sustainable energy in recent years. Two of the most prominent of these labs are Sandia National Laboratories and the National Renewable Energy Laboratory (NREL), both of which are funded by the United States Department of Energy and supported by various corporate partners.[95] Sandia has a total budget of $2.4 billion [96] while NREL has a budget of $375 million.[97]
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.”
I contacted many different solar installation companies looking for someone who operates in my area (150 miles west of San Antonio) and Soleil Energy Solutions was the only one willing to make the trip out here. Fortunately for me, they’re also a great company to work with.I was able to deal directly with the owners of the company, Abbas and Jennifer, and their customer service is top notch. They had a customized assessment the day after I contacted them which included the size of system best suited for my home and energy consumption, the cost of the system with all the rebates and tax rebates I qualified for, and the amount of money I’d save on my light bill. They also offered me multiple financing options and guided me through that whole process. I had a ton of questions throughout the entire process and whether I emailed them or texted them after business hours, I got a response right away.They took care of everything for me including securing the rebates and city permits so I didn’t really have to do anything. The crew they had doing the actual solar panel and backup battery installation are all veterans, which I really appreciated because of their attention to detail. They were very courteous and they made sure the panels added to the curb appeal of my house as far as their placement.I’m really excited to finally have a solar panel system for my home and I’d definitely recommend Soleil to anyone who’s interested in switching to solar too.... read more
This solar resource map provides a summary of the estimated solar energy available for power generation and other energy applications. It represents the average daily/yearly sum of electricity production from a 1 kW-peak grid-connected solar PV power plant covering the period from 1994/1999/2007 (depending on the geographical region) to 2015. Source: Global Solar Atlas]