With feed-in tariffs, the financial burden falls upon the consumer. They reward the number of kilowatt-hours produced over a long period of time, but because the rate is set by the authorities, it may result in perceived overpayment. The price paid per kilowatt-hour under a feed-in tariff exceeds the price of grid electricity. Net metering refers to the case where the price paid by the utility is the same as the price charged.
The Stirling solar dish combines a parabolic concentrating dish with a Stirling engine which normally drives an electric generator. The advantages of Stirling solar over photovoltaic cells are higher efficiency of converting sunlight into electricity and longer lifetime. Parabolic dish systems give the highest efficiency among CSP technologies.[18] The 50 kW Big Dish in Canberra, Australia is an example of this technology.[14]
At the end of 2014, worldwide PV capacity reached at least 177,000 megawatts. Photovoltaics grew fastest in China, followed by Japan and the United States, while Germany remains the world's largest overall producer of photovoltaic power, contributing about 7.0 percent to the overall electricity generation. Italy meets 7.9 percent of its electricity demands with photovoltaic power—the highest share worldwide.[119] For 2015, global cumulative capacity is forecasted to increase by more than 50 gigawatts (GW). By 2018, worldwide capacity is projected to reach as much as 430 gigawatts. This corresponds to a tripling within five years.[120] Solar power is forecasted to become the world's largest source of electricity by 2050, with solar photovoltaics and concentrated solar power contributing 16% and 11%, respectively. This requires an increase of installed PV capacity to 4,600 GW, of which more than half is expected to be deployed in China and India.[121]

Most installers overrate the available wind resource. The majority of small wind turbine installations underperforms their predictions, often by a wide margin. Since wind speed is the most important parameter for turbine energy production, getting that wrong has large consequences (the power in the wind goes with the cube of the wind speed, so double the wind speed and the power in it is 2 * 2 * 2 = 8x as much). You have to be realistic about your annual average wind speed.

Those not satisfied with the third-party grid approach to green energy via the power grid can install their own locally based renewable energy system. Renewable energy electrical systems from solar to wind to even local hydro-power in some cases, are some of the many types of renewable energy systems available locally. Additionally, for those interested in heating and cooling their dwelling via renewable energy, geothermal heat pump systems that tap the constant temperature of the earth, which is around 7 to 15 degrees Celsius a few feet underground and increases dramatically at greater depths, are an option over conventional natural gas and petroleum-fueled heat approaches. Also, in geographic locations where the Earth's Crust is especially thin, or near volcanoes (as is the case in Iceland) there exists the potential to generate even more electricity than would be possible at other sites, thanks to a more significant temperature gradient at these locales.
The political purpose of incentive policies for PV is to facilitate an initial small-scale deployment to begin to grow the industry, even where the cost of PV is significantly above grid parity, to allow the industry to achieve the economies of scale necessary to reach grid parity. The policies are implemented to promote national energy independence, high tech job creation and reduction of CO2 emissions. Three incentive mechanisms are often used in combination as investment subsidies: the authorities refund part of the cost of installation of the system, the electricity utility buys PV electricity from the producer under a multiyear contract at a guaranteed rate, and Solar Renewable Energy Certificates (SRECs)
According to the International Energy Agency, new bioenergy (biofuel) technologies being developed today, notably cellulosic ethanol biorefineries, could allow biofuels to play a much bigger role in the future than previously thought.[41] Cellulosic ethanol can be made from plant matter composed primarily of inedible cellulose fibers that form the stems and branches of most plants. Crop residues (such as corn stalks, wheat straw and rice straw), wood waste and municipal solid waste are potential sources of cellulosic biomass. Dedicated energy crops, such as switchgrass, are also promising cellulose sources that can be sustainably produced in many regions of the United States.[42]

Several groups in various sectors are conducting research on Jatropha curcas, a poisonous shrub-like tree that produces seeds considered by many to be a viable source of biofuels feedstock oil.[117] Much of this research focuses on improving the overall per acre oil yield of Jatropha through advancements in genetics, soil science, and horticultural practices. SG Biofuels, a San Diego-based Jatropha developer, has used molecular breeding and biotechnology to produce elite hybrid seeds of Jatropha that show significant yield improvements over first generation varieties.[118] The Center for Sustainable Energy Farming (CfSEF) is a Los Angeles-based non-profit research organization dedicated to Jatropha research in the areas of plant science, agronomy, and horticulture. Successful exploration of these disciplines is projected to increase Jatropha farm production yields by 200-300% in the next ten years.[119]
Biofuels - Rather than burning biomass to produce energy, sometimes these renewable organic materials are transformed into fuel. Notable examples include ethanol and biodiesel. Biofuels provided 2.7 percent of the world's fuels for road transport in 2010, and have the potential to meet more than 25 percent of world demand for transportation fuels by 2050.
^ Jump up to: a b Werner, Jürgen H. (2 November 2011). "Toxic Substances In Photovoltaic Modules" (PDF). postfreemarket.net. Institute of Photovoltaics, University of Stuttgart, Germany - The 21st International Photovoltaic Science and Engineering Conference 2011 Fukuoka, Japan. p. 2. Archived from the original (PDF) on 23 September 2014. Retrieved 23 September 2014.

Similarly, in the United States, the independent National Research Council has noted that "sufficient domestic renewable resources exist to allow renewable electricity to play a significant role in future electricity generation and thus help confront issues related to climate change, energy security, and the escalation of energy costs … Renewable energy is an attractive option because renewable resources available in the United States, taken collectively, can supply significantly greater amounts of electricity than the total current or projected domestic demand."[154]

Thermal storage technologies allow heat or cold to be stored for periods of time ranging from hours or overnight to interseasonal, and can involve storage of sensible energy (i.e. by changing the temperature of a medium) or latent energy (i.e. through phase changes of a medium, such between water and slush or ice). Short-term thermal storages can be used for peak-shaving in district heating or electrical distribution systems. Kinds of renewable or alternative energy sources that can be enabled include natural energy (e.g. collected via solar-thermal collectors, or dry cooling towers used to collect winter's cold), waste energy (e.g. from HVAC equipment, industrial processes or power plants), or surplus energy (e.g. as seasonally from hydropower projects or intermittently from wind farms). The Drake Landing Solar Community (Alberta, Canada) is illustrative. borehole thermal energy storage allows the community to get 97% of its year-round heat from solar collectors on the garage roofs, which most of the heat collected in summer.[58][59] Types of storages for sensible energy include insulated tanks, borehole clusters in substrates ranging from gravel to bedrock, deep aquifers, or shallow lined pits that are insulated on top. Some types of storage are capable of storing heat or cold between opposing seasons (particularly if very large), and some storage applications require inclusion of a heat pump. Latent heat is typically stored in ice tanks or what are called phase-change materials (PCMs).
A hybrid system combines (C)PV and CSP with one another or with other forms of generation such as diesel, wind and biogas. The combined form of generation may enable the system to modulate power output as a function of demand or at least reduce the fluctuating nature of solar power and the consumption of non renewable fuel. Hybrid systems are most often found on islands.
In stand alone PV systems batteries are traditionally used to store excess electricity. With grid-connected photovoltaic power system, excess electricity can be sent to the electrical grid. Net metering and feed-in tariff programs give these systems a credit for the electricity they produce. This credit offsets electricity provided from the grid when the system cannot meet demand, effectively trading with the grid instead of storing excess electricity. Credits are normally rolled over from month to month and any remaining surplus settled annually.[111] When wind and solar are a small fraction of the grid power, other generation techniques can adjust their output appropriately, but as these forms of variable power grow, additional balance on the grid is needed. As prices are rapidly declining, PV systems increasingly use rechargeable batteries to store a surplus to be later used at night. Batteries used for grid-storage stabilize the electrical grid by leveling out peak loads usually for several minutes, and in rare cases for hours. In the future, less expensive batteries could play an important role on the electrical grid, as they can charge during periods when generation exceeds demand and feed their stored energy into the grid when demand is higher than generation.
Commercial concentrating solar power (CSP) plants, also called "solar thermal power stations", were first developed in the 1980s. The 377 MW Ivanpah Solar Power Facility, located in California's Mojave Desert, is the world’s largest solar thermal power plant project. Other large CSP plants include the Solnova Solar Power Station (150 MW), the Andasol solar power station (150 MW), and Extresol Solar Power Station (150 MW), all in Spain. The principal advantage of CSP is the ability to efficiently add thermal storage, allowing the dispatching of electricity over up to a 24-hour period. Since peak electricity demand typically occurs at about 5 pm, many CSP power plants use 3 to 5 hours of thermal storage.[65]
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.