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As the section above shows, anything under 5 m/s annual average wind speed is not going to be worth-while if you want any economic benefit out of a wind turbine. Even with government incentives, you would be better off with solar for most places. Let us take this a bit further, and assume your backyard is pretty windy, a full 6 m/s (13.4 mph) annual average wind speed at 100′ height. You get a 6 kW wind turbine installed, and shell out $50,000 for that privilege. If the installer did her job properly, the turbine is spinning in nice, clean, laminar air, and it will produce around 13,000 kWh per year. You are the kind of person that wins the lottery on a regular basis, marries a beauty queen (or king), and has kids that all go to ivy-league universities; your wind turbine never breaks and you do not have to shell out a single buck for maintenance over 20 years. Now your turbine has produced around 260,000 kWh of electricity, which works out to 19.2 cents per kWh in cost. Maybe you pay more than for electricity and it is worth it, but your are likely not getting rich, and any repairs and maintenance will drive that price up in a hurry.
With Georgetown emerging as a brave new model for a renewable city, it makes sense to ask if others can achieve the same magical balance of more power, less pollution and lower costs. In fact, cities ranging from Orlando to St. Louis to San Francisco to Portland, Oregon, have pledged to run entirely on renewable energy. Those places are much larger than Georgetown, of course, and no one would expect misty Portland to power a light bulb for long with solar energy, which is crucial to Georgetown’s success. But beyond its modest size, abundant sunshine and archetype-busting mayor, Georgetown has another edge, one that’s connected to a cherished Lone Star ideal: freedom.
Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies. Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today". A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."
^ 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.
A solar cell, or photovoltaic cell (PV), is a device that converts light into electric current using the photovoltaic effect. The first solar cell was constructed by Charles Fritts in the 1880s. The German industrialist Ernst Werner von Siemens was among those who recognized the importance of this discovery. In 1931, the German engineer Bruno Lange developed a photo cell using silver selenide in place of copper oxide, although the prototype selenium cells converted less than 1% of incident light into electricity. Following the work of Russell Ohl in the 1940s, researchers Gerald Pearson, Calvin Fuller and Daryl Chapin created the silicon solar cell in 1954. These early solar cells cost 286 USD/watt and reached efficiencies of 4.5–6%.