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Old 12-18-2013, 01:56 AM
 
1 posts, read 1,766 times
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Renewable energy production will grow faster than any other power source through 2040, according to the EIA.

In its new annual energy outlook, the agency forecasts that from 2012 to 2040, solar, wind and geothermal production will have nearly doubled over the next 25 years. The next closest is natural gas, which will have grown 56%.

Strangely, EIA does not break down renewables into solar and wind. That may be because, despite its surging growth rate, renewables will still comprise just 3.8% of total energy production in 2040, compared with 38% for natgas.

Anyway, here's our mockup of the growth data:

[url=http://www.bubblews.com/news/1841017-solar-and-wind-growth-will-blow-away-all-other-energy-sources-in-the-us-in-the-coming-decades]Solar And Wind Growth Will Blow Away All Other Energy Sources In The US In The Coming Decades - News - Bubblews[/url]
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Old 12-18-2013, 04:29 AM
 
Location: In a chartreuse microbus
3,855 posts, read 5,306,822 times
Reputation: 8023
I'd like to think this is true. We've had both wind and solar power available for six thousand years, and this is as far as come. Hopefully with new technologies, this assumption will prove accurate, but don't be surprised if it doesn't.
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Old 12-18-2013, 05:34 AM
 
Location: Minnysoda
8,636 posts, read 8,534,348 times
Reputation: 5180
Whats going to keep your lights on?
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Old 12-18-2013, 06:48 AM
 
Location: california
5,658 posts, read 4,884,202 times
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I am already on wind and solar thank you very much .
I like it.
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Old 12-18-2013, 10:39 AM
 
48,516 posts, read 83,955,483 times
Reputation: 18050
Quote:
Originally Posted by kenziecampbell28 View Post
Renewable energy production will grow faster than any other power source through 2040, according to the EIA.

In its new annual energy outlook, the agency forecasts that from 2012 to 2040, solar, wind and geothermal production will have nearly doubled over the next 25 years. The next closest is natural gas, which will have grown 56%.

Strangely, EIA does not break down renewables into solar and wind. That may be because, despite its surging growth rate, renewables will still comprise just 3.8% of total energy production in 2040, compared with 38% for natgas.

Anyway, here's our mockup of the growth data:

Solar And Wind Growth Will Blow Away All Other Energy Sources In The US In The Coming Decades - News - Bubblews
Last I read wood was closest renewable to providing near 1% of energy needs which is perhaps the reason plus others often require energy such as oil to produce its power by end usage. Of course mainland Europe has a lot of nuclear now they want to replace and Russia natural gas at high cost that is real future competitive factor. I think its like 70% of Frances electricity is nuclear produced now. Wind turbine are now meeting environmentalist resistance in US for its effects on environoment claims.
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Old 12-18-2013, 02:09 PM
 
Location: Minnysoda
8,636 posts, read 8,534,348 times
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Quote:
Originally Posted by arleigh View Post
I am already on wind and solar thank you very much .
I like it.
I have my Electric heat turned up to @75 and some many Christmas lights up that the FAA had to file a NOTAMS so they wouldn't mistake my place for a landing strip!!!!
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Old 12-18-2013, 07:41 PM
 
Location: mid wyoming
2,008 posts, read 6,043,895 times
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It better do some growing. I'm not big on going to the extreme of putting in solar and wind power and then taking 30 years to pay it off and before then parts will be worn out. We have virtually no subsidies here to help with the price. We do have a lotto type handout from the state from what I can find out and if you don't get chose to have it, you're on your own.
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Old 12-18-2013, 08:56 PM
 
Location: Volcano
12,971 posts, read 23,628,346 times
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Quote:
Originally Posted by shadowwalker View Post
It better do some growing. I'm not big on going to the extreme of putting in solar and wind power and then taking 30 years to pay it off and before then parts will be worn out. We have virtually no subsidies here to help with the price. We do have a lotto type handout from the state from what I can find out and if you don't get chose to have it, you're on your own.
I think you have bad information. For one thing, prices have fallen drastically, and Federal tax incentives are still in place.

I just ran a dummy calculation for a basic $20K solar installation in Wyoming, and it indicated a full cost payback of only 10 years.

This field is changing rapidly. Don't assume that a calculation you made even a year ago is still valid.
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Old 12-19-2013, 06:09 AM
 
Location: DC
6,528 posts, read 6,463,148 times
Reputation: 3137
In Washington DC the simple payback is 4-5 years. If you have an appropriate roof, it is the best investment you can make.
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Old 12-19-2013, 08:42 AM
 
Location: Forests of Maine
30,685 posts, read 49,462,974 times
Reputation: 19134
We are looking at a likely 'pay-back' or break-even at around 10+ years, for our Photo-Voltaic system.
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