A great deal of government initiatives has come about recently stimulating alternative energy sources. Wind energy and other sources of power that do not rely on fossil fuels are gaining steam and the good news is that it might repay for the end user. Resource for this article:

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Veritable Nor'easter of wind energy

According to CNN, the Obama administration is touting the renewal of subsidies for renewable energy sources, as a law producing a number of subsidies for wind power generation, among other sources, is set to expire at the end of the year. The reason the administration wants to renew the subsidy is that without it, the cost of wind energy could rise 30 percent, which wind power producers and equipment manufacturers usually get in federal subsidies.

Wind turbines are becoming much more popular considering 32 percent of all brand new power generation comes from wind turbines. The cost of wind power will be double natural gas costs if the subsidies were to stop. Only 3.3 percent of the nation’s electricity came from wind turbines in 2011, but that is still 18 million homes.

Using things that do not go out

Sunlight, wind, water and more are considered alternative energy sources because they will never stop existing or run out. There will be lower costs of the product in the long run because there are lower costs of operation. The sources do not produce waste or pollution and call for a lot less maintenance. The problem is that getting everything set up is pretty costly.

On the subject of competition, wind power is beginning to become much more competitive with the other forms of power, such as natural fuel and coal plants. The cheapest type of natural gas to run was the same price as contracts selling in 2011 by new wind farms at 6 cents/kWh, according to the American Wind Energy Association. CleanTechnica reports that in 2009, the cost per kilowatt-hour of wind power was, according to the Department of Energy report, between 4 and 9 cents. It was being sold for around 7 cents in 2010 at top-performing wind power sites, according to the National Resources Defense Council.

The best Competitive prices around

Natural gas is presently the rock star of the energy trade, as it's cheaper than any source. The DOE estimates that for new plants entering service in 2017, the cost for a combined-cycle gas plant will be $66.10 per kilowatt-hour, compared to $96.00 per kWh for wind. Conventional coal is estimated at $97.70 per kWh, advanced coal with a carbon-capture system is estimated at $138.80 per kWh.

However, the DOE's estimates don't include tax credits and subsidies, which can knock up to 30 percent off the top.

The NRDC reports that the cost of wind power has come down by 85 percent in the past 20 years, which should continue as the technology progresses. Subsidies are not exactly in vogue politically currently and there are a healthy amount of skeptics about renewable energy sources' potential. Investment in them, by private interest or by government, is pursuit of two noble goals. The first, of course, is cleaner energy. The second is cheaper power, which any person can appreciate.

Sources

CNN

CleanTechnica

DOE