5 Alternative Energy Sources That Are Cheaper Than Solar

PayPal's co-inventor (now Alternative Energy Rockstar) has established two companies, the solar utility SolarCity (SCTY) and the electric car company Tesla (TSLA). The car protects our environment. He is still developing a third company, SpaceX, aiming to bring humans closer to ultimate clean energy - the sun

Last month, Axiom Capital's alternative energy analyst Gordon Johnson criticized the latest data from the US Department of Energy Information and released a report on his findings.

As a result, in terms of "alternative" power generation, solar energy is the most expensive energy you can get.

Calculate 1 kilowatt-hour power generation cost by calculating the construction facility, driving the facility and paying fuel - and it will amortize all the electricity it is expected to generate during its lifecycle. 22 cents solar thermal energy, sunlight is reflected and concentrates on heat medium (salt, graphite, etc.) and stores it for later generations. The cost will be higher - about 32 cents per kWh

Rich Smith, the contributor of Motley Fool, does not own the above solar car company or electric car company. (Look at the pictures.) However, Motley Fool has recommended and own shares of Tesla Motors.

According to Swanson's law, solar energy is already cheaper than burning coal. In one year, the cost of solar energy has been cut by half. This is an unknown milestone in the history of energy generation. The sun is already the cheapest energy source and we can expect that the cost of solar power generation will go down further. The sun revolution will start mainly in a sunny country, but it will soon spread all over the world. Obtaining more information on consumption patterns clearly breaks the global energy market.

The biggest challenge facing today's solar energy is to replace traditional energy sources and its consumption (per kWh) is cheaper. The power generated by solar energy is more expensive than the power generated by a coal-fired power plant. Governments and companies are working hard to manufacture cheaper solar cells to reduce operating costs. Although the price of photovoltaic technology has declined over the last few years, it is still not a viable solution for large-scale power generation. In India, PV module average cost is about Rs. The cost of generating power of 2 lc / KWh and the cost of solar power generation and solar thermal power generation is in the range of rupees. 12 to 20 rupees per kWh. 10 to 15 per 1 kWh. Electricity produced in this way is 5 to 5 times more expensive than conventional electricity. We need to advance the technology to narrow this gap