Adam Schultz, a senior policy analyst for the Oregon Department of Energy, says he’s more encouraged than ever about the prospects for renewables. Because the Pacific Northwest features large-scale hydropower plants built as part of the New Deal, energy already tends to be less expensive there than the U.S. average. But solar and wind power have “gotten cheaper over the last couple years to the point that I can’t even tell you what the costs are because costs have been dropping so rapidly,” Schultz says. “We have enough sunshine,” he says (presumably referring to the eastern part of the state), “so it’s just a matter of time.”
In cases of self consumption of the solar energy, the payback time is calculated based on how much electricity is not purchased from the grid. For example, in Germany, with electricity prices of 0.25 €/kWh and insolation of 900 kWh/kW, one kWp will save €225 per year, and with an installation cost of 1700 €/KWp the system cost will be returned in less than seven years.[91] However, in many cases, the patterns of generation and consumption do not coincide, and some or all of the energy is fed back into the grid. The electricity is sold, and at other times when energy is taken from the grid, electricity is bought. The relative costs and prices obtained affect the economics. In many markets, the price paid for sold PV electricity is significantly lower than the price of bought electricity, which incentivizes self consumption.[92] Moreover, separate self consumption incentives have been used in e.g. Germany and Italy.[92] Grid interaction regulation has also included limitations of grid feed-in in some regions in Germany with high amounts of installed PV capacity.[92][93] By increasing self consumption, the grid feed-in can be limited without curtailment, which wastes electricity.[94]
Construction of the Salt Tanks which provide efficient thermal energy storage[103] so that output can be provided after the sun goes down, and output can be scheduled to meet demand requirements.[104] The 280 MW Solana Generating Station is designed to provide six hours of energy storage. This allows the plant to generate about 38 percent of its rated capacity over the course of a year.[105]
Some of the second-generation renewables, such as wind power, have high potential and have already realised relatively low production costs. At the end of 2008, worldwide wind farm capacity was 120,791 megawatts (MW), representing an increase of 28.8 percent during the year,[30] and wind power produced some 1.3% of global electricity consumption.[31] Wind power accounts for approximately 20% of electricity use in Denmark, 9% in Spain, and 7% in Germany.[32][33] However, it may be difficult to site wind turbines in some areas for aesthetic or environmental reasons, and it may be difficult to integrate wind power into electricity grids in some cases.[10]
I mounted this turbine in my back yard on the recommended schedule 40 galvanized pipe at about 20' high. My location does not get consistent wind from one direction which is the only way this turbine will spin. Even in gusty conditions of 15-20 mph the turbine rarely spins more than a few revolutions and has not produced any measurable power after a month. If you don't have a steady wind from one direction this turbine will not produce any power at all. You would be better off with a vertical turbine or one with larger blade surface area. The specs say 8 mph start up, that means a consistent 8 mph wind from a single direction. For the money you would be better off with a single 80 watt solar panel.
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.