Written by Jeffrey on May 6, 2009 | Comments (0)
expensive-renewable-energy.jpgEveryone talks about the greatness of renewable energy, but is it really worth it?
I mean seriously, does it really pay off or make a difference?
Of course the biggest question regarding renewable energy is, 'Why does it cost so much?!'
Even the USA Today ran a story earlier in the week about many municipalities around the country are scaling back their green energy plans—and some returning to fossil fuels completely—because the cost of using renewable energy was too great.
Hmmm...really?
I've said it before, and I'll say it again, price is NOT the same as cost.
So yeah, renewable energy has a higher price (for now), but does it really have a higher cost too?
Last week I wrote a guest post for an up-and-coming household products blog, Alice.com.
The post was entitled Going Green Actually Keeps More Green in Your Wallet.
In that post, I talked a lot about the differences of price and total cost. For example, did you know you can SAVE about $800 by spending $50 on an LED light bulb (instead of $2 on an incandescent or even $6 on a CFL)?
The upfront price of the LED bulb is FAR greater than the incandescent or CFL, but it ends up costing you AND the environment much less in the long run.
Moving Beyond Price
The aforementioned USA Today article starts off like this:
'Going green isn't easy, especially during a recession.
For two years, the city of Durango, Colo., bought electricity for all its government buildings from wind farms. The City Council ended that program this year, reverting to electricity derived from coal-burning plants and saving the cash-strapped city about $45,000.'
Ok, yes, you got me...the initial price of clean and renewable energy is greater than dirty, destructive, energy from fossil fuels.
But which one do you think has the higher cost?
Maybe these videos will help you decide..."
Link
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