“Energy customers in the state would see a net benefit of $171 million a year from long-term contracts for hydropower or a combination of hydro and land-based wind from northern New England or Canada.”Department of Energy Weighs In A September 2016, the U.S. Department of Energy report details how the clean energy surge has saved money for consumers since 2008. Manufacturing costs of wind, LED’s and electric vehicles “has fallen by 41% to reductions as high as 94%” which means less expensive consumer installment prices. In the report, some of the savings passed on to consumers include:
- Solar – “In 20 states and in 42 of America’s 50 largest cities, financing a residential solar energy system currently costs less than purchasing. electricity from a customer’s local utility, commonly termed ‘grid parity.””
- Wind – “Power purchase agreements for wind have fallen from rates of up to 7 cents/kilowatt-hour (kWh) in 2009 to an average of 2 cents/kWh today in certain regions of the country.”
- LED bulbs – Using LED bulbs has saved $630 billion in avoided energy costs between 2015-2035.