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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]
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.
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.
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.
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!!!!
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.
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.
We are looking at a likely 'pay-back' or break-even at around 10+ years, for our Photo-Voltaic system.
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