Solar: USA's Most Economical Energy Source
David Vogel
Solar Energy Mentor I Streamlining Federal Grant Approvals & Material Distribution for Commercial Solar Projects I Retired CEO Project SunRize I Pastor Church of Unity Society
Dear Business Visionary,
The solar industry has achieved a remarkable milestone, establishing itself as not only a sustainable but also an economically advantageous source of energy.
Recent analyses and reports highlight that solar energy has become the cheapest form of electricity in many regions, including the United States.
According to a Lazard's 2023 analysis, the levelized cost of electricity (LCOE) for utility-scale solar photovoltaic (PV) ranges from $24 to $96 per MWh. This cost is competitive with, and in many cases lower than, that of traditional fossil fuel sources like natural gas and coal. In comparison, the LCOE for gas combined cycle ranges from $39 to $101 per MWh.
Furthermore, a report from Ernst & Young (EY) in 2022 revealed that approximately 86% of newly commissioned renewable energy resources produced electricity at a lower cost than the average cost of fossil fuel generation. The global weighted average LCOE for solar was found to be 29% lower than the cheapest fossil fuel alternative. In a striking decline, the average LCOE for solar dropped from over $400/MWh in the early 2010s to about $49/MWh in 2022.
The International Energy Agency (IEA) has also confirmed that solar PV is now the cheapest source of electricity in history.
In optimal locations and with favorable policy support and finance, the IEA states that solar can generate electricity at or below $20 per MWh. In Europe and the US, new utility-scale solar projects are estimated to cost $30-60/MWh, and even lower in regions like China and India, where prices range from $20-40/MWh due to supportive revenue mechanisms.
This dramatic reduction in costs, coupled with supportive policies, has propelled solar energy to the forefront of the renewable energy transition. It represents not just an environmental imperative but a strong economic case for both investors and consumers. As solar technology continues to advance and become more efficient, its role as a key player in the global energy market is likely to grow even more significant. This makes it an area of prime interest for investors, especially those looking at long-term sustainable and profitable ventures.
Joe Biden's Green Deal
As professionals, you understand the importance of strategic investments and sustainable business practices. The shift towards solar energy not only offers financial benefits but also aligns with ethical and environmental responsibilities. By embracing solar power, you're not just reducing costs; you're demonstrating leadership in the transition to clean energy.
As we conclude this newsletter, I urge you to take action. Reach out to me via DM, email at [email protected] , or text at 603-293-6074 to start your journey towards solar energy adoption. Plus, take advantage of Joe Biden's Green Deal, which can cover a substantial portion of your commercial solar system, making it an even better investment. Let's leverage our collective expertise and drive innovation towards a brighter, more sustainable future. Together, we can make a significant impact on our businesses, communities, and the planet. Thank you for your attention, and I look forward to connecting with you to discuss how solar energy can benefit your organization.
Stay well!
Warmly,
David
P. S. True leadership goes beyond guiding and mentoring; it's about giving back in tangible ways. Embodying the spirit of ethical and Godly leadership, White-Vogue Industries, under my stewardship, is proud to announce that we will be donating 3% of the profit from every commercial solar deal directly to Council For Unity to fight violence in schools. In this endeavor, we are inspired by trailblazers like Salesforce and Bombas socks, companies that have set remarkable precedents in corporate philanthropy. Together, let's illuminate the world with both solar energy and the promise of unity and peace.
P. P. S. Invest Like A Shark With SunRize Green Fund I
In the vast ocean of investment opportunities, it's crucial to distinguish between random throws and strategic moves. SunRize Green Fund I offers just that – a unique investment avenue where we don’t rely on chance like the sheep; instead, we bet on highly probable outcomes, underpinned by government grants, forgivable loans, and subsidies.
This unique selling proposition sets us apart in the green energy sector. By harnessing these powerful incentives, we position our investors at the forefront of a lucrative and sustainable future. The SunRize Green Fund I isn’t just an investment fund; it’s a gateway to capitalize on the immense potential of green energy, backed by the solid foundation of government support.
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Exclusive Offer for Broker-Dealers and Potential Project Consultants
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For individuals who are not broker-dealers but have a network of potential investors, there's still an opportunity for you. We're open to engaging project consultants on a case-by-case basis. If you have the skills and the network that can contribute significantly to our project, and you legitimately qualify for the position, we would be delighted to consider you for a consulting role that comes with its own set of rewards.
This is more than just a commission; it's a partnership in a venture that promises not only financial returns but also contributes to a sustainable future. If you're interested in either of these opportunities and believe you can add value to the SunRize Green Fund I, please do not hesitate to direct message me on LinkedIn.
Join us in this exciting and profitable journey towards green energy investment. Your expertise and network could open doors to remarkable possibilities.
Direct Message Me on LinkedIn, or email me at [email protected] or text me at 603-293-6074.
Looking forward to potential collaborations and mutual success.
? Published by: David Vogel, in Wolfeboro, New Hampshire
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UNICEF innovator l climate change thinker l I build sustainable housing alternatives for climate disastered communities l Global youth delegate on a mission to inspire 20,000 Africans with STEM
9 个月Very inspiring