Originally posted by seer
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Plus a lot of small pilot projects with power management has to be tested out. The best way to do this is hard to figure out, and in the beginning of any new transition there's a lot of failures. When they had to design rockets for the first time, whether for space or missile use, they went through a lot of failures before they hit on the winning solution.
But as we have seen here in the US Len tax payers have been bilked out of literally billions of dollars for failed solar companies.
So far the price of solar power is dropping by 20% everytime we double installed capacity. Since about 400GW is expected to installed over the next fourty years, and the US currently has roughly 4GW of installations being built, then it'll be substantially cheaper than coal by mid century. Note though that this is a rough back of the envelope estimate of current developments.
The price of oil and coal is going to remain the current price, or go up. They're never going to come down again in any significant way. They're bottlenecked sources of energy, and there's a finite amount of cheap oil to hew out of the ground. That age is simple coming to an end. It was a good way to launch the industrial economies, and its undoubtfully done far more good than bad, however going into the future its not a sustainable source of energy, its going to be the more expensive solution eventually, and finally its putting our environment at risk.
And again, I do not favor hobbling our economy with higher energy prices while other developing countries do not follow suit.
I'm in the electronics field, and we have a hard enough time trying to compete with Chinese companies as it is. Double or triple our energy costs and we are out of business. That is a fact.
Solar power makes money, its not a money drain. Solar City makes money for itself, try looking into it, they actually have a very good deal for getting solar panels on your roof if you're living in one of the areas they provide for. Basically their entire business model is structured around you leasing solar panels from them, and the amount you pay them is less than what your electricity bill would be, so all you experience is that you pay less money. You pay no upfront money, they take care of upfront costs, installation and maintenance. Its a brilliant business strategy and its working.
They're currently building a large factory that will make 1GW worth of solar panels per year, and within six years they're planning on putting up a 10GW factory.
And besides electric cars are starting to be cool. If I could afford one I'd buy a Tesla Model S.

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