The US could Save $5.6B a year if it Switched from Coal to Solar – study

[Cellblock2429]

The US could save $5.6B a year if it switched from coal to solar – study​

Feb 7, 2022

Solar makes more financial sense than coal​

The authors of the peer-reviewed study from the University of Surrey in the UK point out that even if no other argument, such as fighting climate change, is accepted for the switch from fossil fuels to renewables, then economics should be reason enough to embrace clean energy....

Ravi Silva, director of the Advanced Technology Institute at the University of Surrey and co-author of the study, said:

Electrek’s Take​

Of course, solar needs to be balanced with other sources of clean energy, such as wind and hydro, and battery storage is an essential part of the mix to regulate supply and demand. But what’s overwhelmingly clear is that coal – and indeed, fossil fuels in general – are not only bad for the environment, they’re also a terrible financial choice. That’s the main thrust of this study..

The US could save $5.6B a year if it switched from coal to solar – study

Electricity sourced from solar is cheaper than sourcing it from coal-fired power plants on a global scale, according to a new study.

electrek.co

/—/ When are you getting solar panels installed on your roof?

 

[Crick]

Solar levelized cost of electricity (LCOE) has fallen to $29

What's the solar levelized cost of electricity (LCOE) at midnight?

The same.

 

[Crick]

/—/ When are you getting solar panels installed on your roof?

Do YOU have them on your roof? If not, what makes you think you have the right to comment?

 

[Cellblock2429]

Do YOU have them on your roof? If not, what makes you think you have the right to comment?

/—-/ I don’t have them because my HOA won’t allow them. But, my daughter has them on her house? What’s stopping you? Are you chicken or do you hate the environment?

 

[Toddsterpatriot]

The same.

Your grasp of economics and electricity is as weak as usual.

 

[abu afak]

/—/ When are you getting solar panels installed on your roof?

I would if I could.
But I live in a Condo in Fl
Of course FPL/Next Era Energy here is going solar gangbusters.

 

[justoffal]

I would if I could.
But I live in a Condo in Fl
Of course FPL/Next Era Energy here is going solar gangbusters.

Nope.... Show the numbers.
Cost of equipment, construction, connection, The fact that you need three times the megawatt capacity of renewable to match the megawatt capacity of conventional....

Show the numbers ...

You won't because you can't...

It's not cheaper. Stop lying to people.
Now if you want to say you think it's a better source of power and a cleaner source Go right ahead make that claim.
Stop trying to tell people it doesn't cost as much because that's a lie.

 

[justoffal]

/—-/ I don’t have them because my HOA won’t allow them. But, my daughter has them on her house? What’s stopping you? Are you chicken or do you hate the environment?

They're too expensive and the return on investment is too far out.

 

[justoffal]

I would if I could.
But I live in a Condo in Fl
Of course FPL/Next Era Energy here is going solar gangbusters.

At the same time all of the gas turbine suppliers are sold out till the end of 2028...

 

[Cellblock2429]

They're too expensive and the return on investment is too far out.

/----/ Plus, if you buy a house with panels installed, does the warranty pass on to you? What if the solar company goes bust? If you call in another company to repair or maintain them, they will tell you it's not nottheir original equipment and won't touch them. They will try and sell you new ones and charge you for taking down the old ones and disposing of them.
And who knows if they are lying. They could take down your old ones, refurbish them, and sell them to someone else? No way you would know that.

 

[80zephyr]

Barack Obama’s Ivanpah Solar Electric Power Plant has officially failed and will begin shutting gone operations early 2026- $1.6 BILLION in federal loans- $535 MILLION grant- $600 MILLION tax credit- MASSIVE investor write-offs.

Lasted 11 years before they realized it was not gonna work.

 

[justoffal]

/----/ Plus, if you buy a house with panels installed, does the warranty pass on to you? What if the solar company goes bust? If you call in another company to repair or maintain them, they will tell you it's not nottheir original equipment and won't touch them. They will try and sell you new ones and charge you for taking down the old ones and disposing of them.
And who knows if they are lying. They could take down your old ones, refurbish them, and sell them to someone else? No way you would know that.

My son is in real estate he says that transactions with solar panels on the houses are a major nightmare. Holds up the sale for months. All kinds of hoops to jump through to get the warranty transferred especially if there's a payment plan connected to the solar panels.

 

[Toddsterpatriot]

Of course FPL/Next Era Energy here is going solar gangbusters.

That's awesome!
What's Next Era's market cap?
Bigger than ExxonMobil?

What percentage of Next Era's power is still fossil fuels?

Is it a lot?

 

[Toddsterpatriot]

Barack Obama’s Ivanpah Solar Electric Power Plant has officially failed and will begin shutting gone operations early 2026- $1.6 BILLION in federal loans- $535 MILLION grant- $600 MILLION tax credit- MASSIVE investor write-offs.

Lasted 11 years before they realized it was not gonna work.

They realized a long time ago it didn't work. They were burning natural gas
to generate a big part of their power. What a joke.

 

[Grumblenuts]

Because now simply using solar panels is much cheaper. Hardly an indictment of solar power.. Try thinking critically.

 

[Toddsterpatriot]

Because now simply using solar panels is much cheaper. Hardly an indictment of solar power.. Try thinking critically.

But it isn't cheaper, let alone much cheaper.