Photovoltaic systems use no fuel, and modules typically last 25 to 40 years. Thus, capital costs make up most of the cost of solar power. Operations and maintenance costs for new utility-scale solar plants in the US are estimated to be 9 percent of the cost of photovoltaic electricity, and 17 percent of the cost of solar thermal electricity. Governments have created various financial incentives to encourage the use of solar power, such as feed-in tariff programs. Also, Renewable portfolio standards impose a government mandate that utilities generate or acquire a certain percentage of renewable power regardless of increased energy procurement costs. In most states, RPS goals can be achieved by any combination of solar, wind, biomass, landfill gas, ocean, geothermal, municipal solid waste, hydroelectric, hydrogen, or fuel cell technologies.
Since we mentioned maintenance: Consider that in a reasonably windy place a wind turbine can run 7000 hours or more per year. If it were a car, going at 50 km/h (30 mph), it would travel 350,000 km (or 200,000+ miles). That means you should plan for an annual inspection, and perform the needed maintenance (greasing for example), regardless of the recommendation of the manufacturer. It is just as important to inspect and maintain the tower annually. We know of a tower that collapsed because nuts worked themselves loose from their bolts over 2½ years time, no inspection nor maintenance were done during that time, ultimately leading to its undoing. Wind turbines and towers live in a very harsh environment. It is important to check for issues, such as loose bolts or tower guy wires that need re-tensioning, before they become a problem.
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.
Green energy is the term used to describe sources of energy that are considered to be environmentally friendly and non-polluting, such as geothermal, wind, solar, and hydro. Sometimes nuclear power is also considered a green energy source. Green energy sources are often considered "green" because they are perceived to lower carbon emissions and create less pollution.
Renewable energy, after its generation, needs to be stored in a medium for use with autonomous devices as well as vehicles. Also, to provide household electricity in remote areas (that is areas which are not connected to the mains electricity grid), energy storage is required for use with renewable energy. Energy generation and consumption systems used in the latter case are usually stand-alone power systems.
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.