Determining the True Cost of Renewable Energy
About my recent piece on my preparations for an interview with the Cato Institute, frequent commenter and very smart fellow Carl B. Freedman notes:
It seems you are ready to cede the high ground on many of these points when you don’t have to.
(You write that) renewable energy is more expensive than fossil fuels. This is not really true. Buying solar panels means you are buying 35 – 50 years of power at once, even if FF prices were flat for the next 35-50 yrs (and they won’t be), that many years of power would cost more than the solar panels. These price comparisons FF advocates use are flawed due to the fact FF costs go on forever, renewables reach a payback, and then are free for the rest of the systems lifespan save for maintenance. Wind power is even a better deal, so in fact solar and wind are actually cheaper, even without subsidy. (more…)










