Best way to compare the cost of fuels to green energy?
Hello,
I would like to compare the costs of the energy costs of the fuels we use today (non renewable) to the current cost of green energy (solar wind water etc). What is the best way to do this?
This entry was posted by largie on March 10, 2010 at 11:28 pm, and is filled under Green energy questions and answers. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site.
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Cost in cents (or pence, if you’re in the UK) per unit of electricity produced over the whole life cycle.
You have to take into account discounting too: money spent now is worth more than money spent later, because if you’d invested the money now you would have got more money later from interest. You also have to include the likely cost of fuel in the future, maintenance etc.
The calculations are relatively simple if you just want to work out how long it’ll take for a solar panel to pay back its cost. It’s quite hard, so I’d rely on published work.
So look up ‘electricity costs per kWh by source’ or something like that!
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The goal is to create demand, which in turn attracts suppliers to the field and ultimately leads to the development of newer and better products and services. It’s not just good for the environment. It’s also healthy for companies’ bottom lines.