SmartPower & SmartHomes

Friday, October 11, 2013

SOLAR POWER SOLUTION "Our goal is to serve the local community and assist and inform a new generation of young women and men to fully understand the importance of embracing renewable energy technology for the security of their own future and those that come afterwards. Fossil fuel is a solution, but not "the" solution. Fortunately, the sun provides a source of renewable energy that is freely available to all citizens of the earth. The challenge is to work together in an equitable way to harness that energy for the good of all people."

GRID-TIED INITIATIVE
The removal of Duty on "Solar Systems" imported into the Bahamas was a watershed event for the nation. Those of us in favor of implementing solar technology will collectively let out a sigh of relief once approval is achieved for Grid-Tied solar in the Bahamas. This is a clear choice for affordable solar solutions for homeowners. It does not require batteries and requires a minimal amount of time and equipment for a complete installation. Quality Solar Panels are currently retailing for under $0.98/Watt which indeed makes Solar a viable option here in the land of Sand, Sea & Sun!

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1 comment:

UnknownSeptember 12, 2017 at 2:39 AM
Solar power system will play a big roll in reduction of carbon dioxide and cost saving from high power bill.There people never depend on public electricity.
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Solar kWh Costs - News Archive

Having recently seen single module PV prices dropping to a low of $0.60/Watt, it's no surprise to also see associated solar electric kWh costs plummet.

Searching through online archives we find a related article posted February 12, 2014 on www.Energy.Gov, by Erin R. Pierce, "The U.S. solar industry is growing at a record-breaking pace, while becoming more affordable and accessible than ever before. The industry’s forward progress comes in part thanks to support from the Energy Department’s SunShot Initiative.

Set up in 2011 to re-establish U.S. leadership in the solar marketplace, SunShot partners with industry, universities, local communities and the Department’s National Laboratories to aggressively drive down the cost of solar-powered electricity generation across America.

To achieve this goal, SunShot works to lower the price of solar electricity to $0.06 per kilowatt hour (KWh) -- a cost target that will make solar-generated power to be fully cost-competitive with traditional energy sources by the end of the decade."

Fast forward to 2015 and we read of a recent study by the Berlin-based Agora Energiewende, a leading German think tank. The lead author, and renewable energy specialist Daniel Fuerstenwerth says that one of the reasons for the study was the lack of recognition among policy makers and advisors about future cost falls in solar PV, and official forecasts which continued to downplay the potential role of the technology.

He goes on to say that "the cost reduction potential of large scale solar is still misunderstood, and predicts that solar PV will be the cheapest form of power within a decade, and cost less than $US0.02/kWh by 2050."

Originally published in RenewEconomy, we further read from the Angora report that “Our results indicate that solar power will become the cheapest source of electricity in many regions of the world, reaching costs of between Euro 1.6 and 3.7c/kWh in India and the Mena region (Middle East and North Africa) by 2050.

Cost competitiveness, we're told, with large scale conventional power plants will be reached in these regions already within the next decade, at a cost for solar power by 2025 ranging between 3.3 and 5.4 ct/kWh.

The article places emphasis on the fact that, "in UAE for instance, solar is already cost competitive, with a tender for 200MW of solar going at less than $US0.06/kWh, less than the prevailing cost of gas-fired generation at $US0.09/kwh."