Nowadays, the concept of getting energy from different renewable resources has a potent appeal to peoples and governments. Unfortunately, obtaining those resources is definitely a lot more expensive. In fact, some of the resources are intermittent and can lead to more problems. But that doesn't mean we stop believing in the true potential of renewable energy.

 

Now let's take a closer look at the realities of renewable energy and the future it holds.

 

1 - Renewable energy is actually competitive.

 

You may not believe it, but renewable energy has become cheaper. A good example is the solar developers from California that signed a contract for power that is priced way below the projected price of natural gas. Moreover, wind power developers have gone through lengths to sign long-term agreements with different entities, the purpose of which is to provide 3 cents a kilowatt-hour charge, something that's way cheaper than any other existing power source.

 

2 - Clean and renewable energy has the potential of creating more jobs for people compared to fossil fuels.

 

A national study conducted recently found out that job creation in the clean energy industry will out do the fossil fuel industry by a margin of three to one. This suggests that for every dollar that is put into clean and renewable energy, there is a creation of jobs three more times than what oil or gas industries create for the same amount. Likewise wind energy industry is responsible for creating over 75,000 jobs. The thing is that number may even go up if only we get twenty percent of our energy from the wind. Visit http://www.mahalo.com/solar-power/ to learn more about solar power.

 

3 - The fact is renewable energy has what it takes to improve grid quality.

 

Back in 2011, Texas was at the brink of a power emergency, which eventually was thwarted due to the government's commitment towards building wind farms.

 

Besides, if only the whole world would be able to use energy coming from renewable resources more, it means that the likelihood of having negative impact of energy transfer in electric grids will be minimized. There are several countries that already are starting to use renewable energy sources, and what's even amazing is that they are successful. Denmark is one of the best examples since the country is now using renewable energy for about 20% of its electricity production.

 

To conclude, we can rightfully say that any investment made in renewable energy will be considered as cost-effective. In the U.S. today, there are five states that lead in terms of utilizing wind and solar energy, and they're the same states that have seen the lowest rise in electricity prices since 2005. Although other states faced average increases of 1.8 cents for over five years, the five states that use Solar Energy and wind energy only saw an increase of 1.35 cents.