Check out my post What is Government’s Role in Achieving Price Parity for Renewable Energy? published by design-build firm The Neenan Company.
Can renewable energy reach price parity without government subsidies? While green energy is gaining momentum, it is still generally considered more expensive than conventional fossil fuels. How can this be? The word “renewable” implies seamless cycles of regeneration. Sunlight and wind are infinite. If we could live truly passive lifestyles, they would be enough on their own. Unfortunately, our society has been built to require fuel, so the trick now is to make non-polluting sources affordable and available.
Recent reports claim that “renewable energy expansion counted for 60% of newly installed capacity in Europe and more than 50% in the US. Experts even believe that this year or the next, the world as a whole will add more capacity from renewable than conventional sources.” Unfortunately, this newly installed capacity still accounts for only 6.2% of the market in the United States.