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Cost effective renewable energy & your organization

Cost effective renewable energy & your organization

Making Renewable Energy Affordable

For many organizations, electricity costs are one of the largest expenses incurred, but can renewable energy bring down the cost of energy in a grid environment with low-cost natural gas?

Yes! Large scale renewable energy can be equal to or a lower cost relative to traditional grid power. This cost-competitiveness can be largely attributed to:

1) Technology cost declines
2) Investment (and other) tax credits
3) Competitive sourcing

Technology costs, particularly solar and wind energy generation technologies, continue to decline and are increasingly cost-competitive with traditional grid power sources. This, combined with improvement in the technologies themselves, can make smartly sourced solutions equal to or lower-cost relative to grid power.

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