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High Costs/kWh of Wind and Solar Foisted onto a Brainwashed Public
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The three main subsidies are:
Federal and state tax credits and cash grants,
5-y Accelerated Depreciation write off of the entire project
Deduction of interest of borrowed money
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The effect of the three items is to reduce the owning and operating cost of a project by 50%, which means electricity can be sold at 50% less than it costs to produce.
Utilities pay 15 c/kWh, wholesale, after 50% subsidies, for electricity from fixedoffshore wind systems
Utilities pay 18 c/kWh, wholesale, after 50% subsidies, for electricity from floating offshore wind
Utilities pay 12 c/kWh, wholesale, after 50% subsidies, for electricity from larger solar systems
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Excluded costs, at a future 30% W/S annual penetration on the grid, the current UK level:
- Onshore grid expansion/reinforcement to connect distributed W/S systems, about 2 c/kWh
- Traditional power plants to quickly counteract W/S variable output, on a less than minute-by-minute basis, 24/7/365, about 2 c/kWh
- Traditional power plants providing electricity during 1) low-wind periods, 2) high-wind periods, when rotors are locked in place, and 3) low solar periods during mornings, evenings and at night, about 2 c/kWh
- W/S electricity that could have been produced, if not curtailed, about 1 c/kWh
- Importing electricity at high prices, when W/S output is low, 1 c/kWh
- Exporting electricity at low prices, when W/S output is high, 1 c/kWh
- Disassembly on land and at sea, reprocessing and storing at hazardous waste sites, about 2 c/kWh
Some of these values exponentially increase as more wind and solar systems are added to the grid
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The economic/financial insanity and environmental damage of it all is off the charts.
No wonder Europe’s near-zero, real-growth economy is in such big do-do
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