Renewable Energy Resources Connected To Strength Of The Buck
In his brand-new popular music video for the movie "American Gangster
," best selling rapper Jay-Z flaunts the euro, not the dollar, to display his wealth. And
Best selling rapper Jay-Z makes a comparable point in his music video clip for the motion picture "American Gangster," when he flashes euros instead of dollars.
These illustrations tell us a great deal about what a whole lot of people with money, lots of money, think about the worth of today's dollar. And several of them are starting to hedge their bets with regard to the dollar. But, just what does any of this have to do with renewable energy options?
If the dollar continues to be weak against other currencies, it will certainly create several unpredictable adverse effects. But one reaction that is almost certain to happen is an increase in the prices of traditional energy resources. All imports, but particularly oil and gasoline, will certainly become more pricey. The days of $ 1.20 a gallon for gas are most likely gone for good.
Grid Parity and Energy Prices
Grid parity is the point at which it comes to be less expensive to generate your own electrical power, from photovoltaic cells making use of renewable energy, than it is to purchase it from power companies off of the electrical grid. As energy prices rise, more and more individuals will find themselves reaching grid parity.
It was not that long ago when talk of a city achieving grid parity would seem to be the talk of science fiction. Nevertheless, as energy prices have grown, some places in the U.S. have already attained that point. Since 2007, Hawaii has achieved grid parity with the peak charging rates. Parts of California, particularly Northern California, have reached gird parity as well. As energy prices continue to increase, mostly as a result of dollars devaluation, we'll see many more communities reaching grid parity.
But there is also an inverse price relationship occurring with solar energy and oil. As the cost of oil little by little increases, the prices of photovoltaic cells are little by little being reduced. Businesses are coming to be more efficient at generating solar cells thus enabling them to be sold at reduced price points. In addition, the solar cells themselves are coming to be more efficient solar collectors, which let's the house or small business owner save even more money.
And, of course, some other aspects pushing us towards greater uses of solar cell innovation are the looming fears of global warming and the pressing requirement to decrease greenhouse gasses being released into the atmosphere.
Some corporations are starting to see the light also. One business, SunPower, makes photovoltaic panels specifically for businesses. This company anticipates to bring in greater than one billion dollars in sales following year. Another company, Renewable energy Inc. had revenues of over 8 million dollars in just its 3rd quarter. And renewable energy businesses in foreign nations like Germany, Japan, and China have begun to ramp up their renewable energy development facilities dramatically in the past few years.
This country has been borrowing money in uncommon amounts for the past several years with no indications of decreasing. We have a nationwide debt of over 9 trillion dollars. Now, the rest of the globe is slowly deciding that they no longer desire to bankroll us. For us, that suggests an ongoing low valued dollar and increased energy expenses.
by: Les Pflugradt
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