Tuesday, December 22, 2015

The Cost of Renewable Energy

Isn't it amazing that everyone is wanting clean renewable energy? We just had the Climate Change Summit, and all of these countries have signed up to reduce carbon emissions. But, as usual, at least in the United States, the government isn't doing much to promote it. Most renewable energy projects are not financially attractive without some sort of a government subsidy. Projects are doable on a small scale, but when get to the size we need the financials don't look so great. The government does not have any long term plan to incentivise renewables.So guess what is going to happen? As the government begins to shut down coal and nuclear power plants we will begin to see electricity rates rise to the point where you can justify clean energy solutions. Hopefully, someday everything will be back to normal in regards to your energy bills. It's an unfortunate price to pay for renewable energy, but shutting down coal and nuclear plants is the only way.

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