Quote:
Solar energy has grown 100-fold in this country in the past decade. Globally, solar has doubled seven times since 2000, and Dubai received a bid recently for 800 megawatts of solar at a stunning “US 2.99 cents per kilowatt hour” — unsubsidized! For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
We pay 12-15c/KWh(rate are change every month) for the first couple hundreds KWh, then 20-25 cents the next few hundreds KWh, the top rate is about 40-45 cents per KWh.
The lowest rate is from 10 PM till 7-8 AM, but we don''t use much power during that time period so SCE(Southern California Edison) charges us standard rates.
In winter we use about 200-250 KWh, summer is a little more up to 400-600 KWh.
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It illustrates the plummeting prices utilities have to pay for large-scale solar. But while the study is only a year old, it’s already out of date. For instance, Austin Energy has reported that last fall they they “signed on the dotted line for 288 MW of utility-scale solar power with First Solar Inc. and Hanwha Q CELLS USA Corp” with both offerings “coming in below 4 cents per kilowatt-hour” [below $40/MWh]!
This year we learned “City of Palo Alto considers solar power contract at under $37/MWh.” Bloomberg reported last week that “Berkshire Hathaway Inc.’s NV Energy agreed to pay 3.87 cents a kilowatt-hour for power from a 100-megawatt project that First Solar Inc. is developing.”
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It is worth remembering that U.S. solar power bids include the 30 percent Investment Tax Credit. According to one analysis, NV Energy’s “$.0387/kWh would potentially turn into about $.07/kWh if we backed out the 30% Federal Tax Credit and 60% depreciation in Year One.”
The bids seen around the world this year without subsidies or incentives are even more stunning. Dubai Electricity and Water Authority (DEWA) received a bid this year for 800 megawatts at a jaw-dropping “US 2.99 cents per kilowatt hour.” Two other bids were below US 4 cents/kWh, and the last two bids were both below 4.5 cents/kWh — again all of these bids were without subsidies!
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That 2.99 cents bid is way down from a 2015 deal Dubai signed for more than 1000 megawatts at 5.84 cents over 25 years. So Dubai has seen a 50 percent price drop in solar in just 18 months.
And these prices aren’t unique to the Middle East. As Bloomberg New Energy Finance reported in April, Enel Green power signed a contract for $.036/kWh in in Mexico — 3.6 cents.
http://thinkprogress.org/climate/2016/07/18/3797907/solar-energy-miracle-charts/
I will not surprise to see below 2 cents per KWh somewhere in the world before 2025.
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Major energy sources and percent share of total U.S. electricity generation in 2015
Coal = 33%
Natural gas = 33%
Nuclear = 20%
Hydropower = 6%
Other renewables = 7%
.Biomass = 1.6%
.Geothermal = 0.4%
.Solar = 0.6%
.Wind = 4.7%
Petroleum = 1%
Other gases =
https://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3
At the peak year of coal's contribution to U.S. power production, coal produced 57.0% of U.S. power in 1988. It was only 33% of last year, the percentage of power generated by coal is getting smaller every year.
Image below shows coal power plants in U.S., very few in the western states. One state stand out, that is Idaho without a single coal power plant.
Owners of BEV in Western States can sleep well knowing they use cleaner sources of electric to charge their batteries. Especially these states: CA, NV, ID, OR and WA.
Solar energy has grown 100-fold in this country in the past decade. Globally, solar has doubled seven times since 2000, and Dubai received a bid recently for 800 megawatts of solar at a stunning “US 2.99 cents per kilowatt hour” — unsubsidized! For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
We pay 12-15c/KWh(rate are change every month) for the first couple hundreds KWh, then 20-25 cents the next few hundreds KWh, the top rate is about 40-45 cents per KWh.
The lowest rate is from 10 PM till 7-8 AM, but we don''t use much power during that time period so SCE(Southern California Edison) charges us standard rates.
In winter we use about 200-250 KWh, summer is a little more up to 400-600 KWh.
Quote:
It illustrates the plummeting prices utilities have to pay for large-scale solar. But while the study is only a year old, it’s already out of date. For instance, Austin Energy has reported that last fall they they “signed on the dotted line for 288 MW of utility-scale solar power with First Solar Inc. and Hanwha Q CELLS USA Corp” with both offerings “coming in below 4 cents per kilowatt-hour” [below $40/MWh]!
This year we learned “City of Palo Alto considers solar power contract at under $37/MWh.” Bloomberg reported last week that “Berkshire Hathaway Inc.’s NV Energy agreed to pay 3.87 cents a kilowatt-hour for power from a 100-megawatt project that First Solar Inc. is developing.”
Quote:
It is worth remembering that U.S. solar power bids include the 30 percent Investment Tax Credit. According to one analysis, NV Energy’s “$.0387/kWh would potentially turn into about $.07/kWh if we backed out the 30% Federal Tax Credit and 60% depreciation in Year One.”
The bids seen around the world this year without subsidies or incentives are even more stunning. Dubai Electricity and Water Authority (DEWA) received a bid this year for 800 megawatts at a jaw-dropping “US 2.99 cents per kilowatt hour.” Two other bids were below US 4 cents/kWh, and the last two bids were both below 4.5 cents/kWh — again all of these bids were without subsidies!
Quote:
That 2.99 cents bid is way down from a 2015 deal Dubai signed for more than 1000 megawatts at 5.84 cents over 25 years. So Dubai has seen a 50 percent price drop in solar in just 18 months.
And these prices aren’t unique to the Middle East. As Bloomberg New Energy Finance reported in April, Enel Green power signed a contract for $.036/kWh in in Mexico — 3.6 cents.
http://thinkprogress.org/climate/2016/07/18/3797907/solar-energy-miracle-charts/
I will not surprise to see below 2 cents per KWh somewhere in the world before 2025.
Quote:
Major energy sources and percent share of total U.S. electricity generation in 2015
Coal = 33%
Natural gas = 33%
Nuclear = 20%
Hydropower = 6%
Other renewables = 7%
.Biomass = 1.6%
.Geothermal = 0.4%
.Solar = 0.6%
.Wind = 4.7%
Petroleum = 1%
Other gases =
https://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3
At the peak year of coal's contribution to U.S. power production, coal produced 57.0% of U.S. power in 1988. It was only 33% of last year, the percentage of power generated by coal is getting smaller every year.
Image below shows coal power plants in U.S., very few in the western states. One state stand out, that is Idaho without a single coal power plant.
Owners of BEV in Western States can sleep well knowing they use cleaner sources of electric to charge their batteries. Especially these states: CA, NV, ID, OR and WA.