You are here

Economics

Solar on Every Home? NREL Outlines Pathways to Ultra Low-Cost Residential Solar

           

Figure 1. Average estimated annual residential rooftop PV market capacity potential from 2017 – 2030 (Source: NREL)

sepapower.org - by Jeffrey Cook - August 16, 2018

If the solar industry reaches this Department of Energy (DOE) target, it could dramatically alter the energy market and present a future where residential PV becomes a standard, cost-effective home installation, versus a luxury or long-term investment. A recent NREL report — Cost-Reduction Roadmap for Residential Solar Photovoltaics (PV), 2017-2030 — models a set of pathways that the industry could follow to realize this future. The analysis focuses on two key markets for residential PV cost reduction: installing PV at time of roof replacement and installing PV at time of new construction. These two market segments were selected because each offers significant cost reduction opportunities while representing a 30 gigawatt (GW) annual market nationwide (see Figure 1).

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Exiled in Florida: the Puerto Ricans Struggling to Build a New Life Off Island

           

Congressman Darren Soto and staff reach out to Puerto Rican evacuees in a lobby in a Florida Super 8 motel in Kissimmee, Florida, earlier this month. Photograph: Staff/Reuters

For the more than 300,000 people who fled after Hurricane Maria the Sunshine State proved to be no Disney World but they are poised to have an electoral impact in the midterms

theguardian.com - by Richard Luscombe - August 9, 2018

 . . . As of the end of June, more than 600 Puerto Rican families were still living in cramped, single-room accommodation in Florida hotels, two-thirds of them in central Florida’s Orange and Osceola counties and relying on the temporary shelter assistance program paid for by the federal emergency management agency (Fema).

And with the Orlando/Kissimmee/Sanford area third in the US for its dearth of affordable housing options, low-cost rentals are especially hard to come by, forcing even more to remain in $60-a-night hotel rooms in rundown areas, especially along the US 192 highway in Kissimmee . . . 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Your Flood Insurance Premium is Going Up Again, and That’s Only the Beginning

           

miamiherald.com - by Alex Harris - July 24, 2018

The letter might have already come in the mail. “Your building is at high risk for flooding,” it declares in bold. There are ominous charts warning that if you don’t take action, your flood insurance premium could rise up to 18 percent each year.

The bottom line: your flood insurance premium is going up again — and under a policy change the Federal Emergency Management Agency is considering, it could skyrocket even more in coming years.

(CLICK HERE - READ COMPLETE ARTICLE)

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Risk Rating and Policy Forms Redesign (15 page .PDF document)

CLICK HERE - Federal Flood Insurance Average Premium to Rise 8%

CLICK HERE - FEMA - Flood Insurance Reform - Rates and Refunds

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Texas to Get Nearly $5B in Flood-Mitigation Funding

           

Stalled cars and rescue vehicles on a flooded section of Interstate 610 in Houston on Aug. 27.  ALYSSA SCHUKAR

CLICK HERE - BiPartisan Budget Act of 2018 (Public Law 115-123) - Long Term Disaster Recovery Investment Plan - Construction Account - As of July 5, 2018 (2 page .PDF file)

bizjournals.com - by Olivia Pulsinelli - July 6, 2018

The U.S. Army Corps of Engineers announced July 5 how it will allocate billions of dollars for more flood-mitigation efforts. 

Of the allocations announced July 5, the largest portion is more than $13.9 billion for the construction of nearly 60 projects to reduce damage from floods and storms across multiple states and Puerto Rico.

(CLICK HERE - READ COMPLETE ARTICLE)

Orange County, Texas - see page 11 in the 75 page report within the link below.  It describes the proposed construction for the levee in Orange County and includes a map showing the placement of the proposed levee.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Hitting Toughest Climate Target Will Save World $30tn in Damages, Analysis Shows

           

Dunlaw Wind Farm at Soutra Hill North in the Scottish Borders. The US president has claimed that climate action is too costly. Photograph: Murdo Macleod for the Guardian

Almost all nations would benefit economically from keeping global warming to 1.5C, a new study indicates

CLICK HERE - ABSTRACT - Large potential reduction in economic damages under UN mitigation targets

CLICK HERE - RESEARCH LETTER - Large potential reduction in economic damages under UN mitigation targets

theguardian.com - by Damian Carrington - May 23, 2018

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

When Cheap Doesn’t Cut It: Why Energy Buyers Should Look at Value, not Just Cost

submitted by Krae Van Sickle

           

 

Figure 1: Distribution-scale solar costs more than wholesale power, but it costs less if you fairly value all benefits

rmi.org - by Titiaan Palazzi Thomas Koch Blank - May 1, 2018

“New Record Set for World’s Cheapest Solar.” A headline like this makes for great social media fodder. The downward trend in renewables prices is fantastic—it’s the most important driver for the growth of solar and wind energy.

However, when your business or utility is comparing different energy projects, looking at cost alone is not enough. Even energy projects at very low costs can be “out of the money” if the value created by a project is less than its cost.

(CLICK HERE - READ COMPLETE ARTICLE)

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Miami-Dade County - GreenPrint: Our Design for a Sustainable Future

CLICK HERE - GreenPrint: Our Design for a Sustainable Future (200 page .PDF report)

CLICK HERE - Miami-Dade Climate Change Action Plan (20 page .PDF report)

miamidade.gov

Miami-Dade County is pleased to share with you GreenPrint: Our Design for a Sustainable Future. The plans development was a fully collaborative process among the many diverse stakeholders of our community: County staff, community groups, experts from the business community and academia, and a wide range of individual Miami-Dade residents. During the course of the year, nearly 100 public meetings were held, and approximately 360 new and existing initiatives were evaluated.

(CLICK HERE - READ COMPLETE ARTICLE)

 

 

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Motel Misery: Hundreds Fled Hurricane Maria in Puerto Rico Only to End Up Functionally Homeless in Florida

           

cnn.com - by John D. Sutter - additional reporting by Cristian Arroyo - photograph by Jayme Gershen for CNN - April 20, 2018

With no running water, no power and no school for her kids, Carmen "Millie" Santiago fled Puerto Rico after Hurricane Maria hit the Caribbean last fall. Like thousands of evacuees, she landed here in central Florida. And, like hundreds, she's still stuck in a motel.

(CLICK HERE - READ COMPLETE ARTICLE)

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Wind and Solar Costs Continue to Drop Below Fossil Fuels. What Barriers Remain for a Low-Carbon Grid?

           

Energy Innovation's Michael O'Boyle and Silvio Marcacci outline the barriers to high-penetration wind and solar in the least-cost era

The following is a viewpoint from Michael O'Boyle, electricity policy manager for Energy Innovation, and Silvio Marcacci, communications director for Energy Innovation

utilitydive.com - by Michael O'Boyle, Silvio Marcacci - March 21, 2018

Wind and solar are now cheaper than virtually anyone predicted, and renewable technologies have reached an inflection point: Rapid cost declines made renewable energy the cheapest available sources of new electricity, even without subsidies, in 2017.  In many locations across America, building new wind energy projects is cheaper than running existing coal-fired power plants.

(CLICK HERE - READ COMPLETE ARTICLE)

 

 

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Valuing the Resilience Provided by Solar and Battery Energy Storage Systems

submitted by John Cooper

                                     

cleanegroup.org

Summary:

Researchers from NREL and Clean Energy Group found that placing a monetary value on the ability of solar+storage to avoid losses during grid outages can significantly impact project economics and system design. Using data from Southern California Edison, researchers analyzed the economic case for solar+storage for three customer types (school, office building, and hotel) in Anaheim, California. In each case analyzed, larger PV and battery storage systems were found to be economical when the value of resilience is accounted for.

CLICK HERE - Valuing the Resilience Provided by Solar and Battery Energy Storage Systems

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Pages

Subscribe to Economics
howdy folks