As renewable energy technologies improve and our implementations of them mature, costs are dropping. And as costs drop, volumes increase, and momentum grows for replacing fossil fuel power sources.
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“Demand for our renewables programs is strong,” said Patty West, director of TVA’s Renewable Energy Programs. “We are working with our local power companies to direct capacity to the most cost-effective programs and streamlining the processes for these programs to make it easier for participants.
“The cost of renewable technologies, especially solar, is dropping dramatically,” she said. “TVA is aligning its program offerings with those declining costs. That means that Valley residents will pay less for renewable energy.”
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TVA Moves To Increase Solar Energy Capacity, Expand Renewable Programs
The Tennessee Valley Authority is taking steps that could significantly increase TVA’s solar energy capacity in 2014 while ensuring TVA’s green power programs remain sustainable and cost effective.
TVA is offering a total of 126 megawatts of renewable capacity in the coming year through a variety of power-purchasing programs for homes, businesses and commercial installations, marking a 7 percent increase over 2013.
TVA will be adding capacity and reducing pricing incentives to reflect lower technology costs for generators and to support lower electric rates for the Tennessee Valley’s nine million residents.
TVA Moves To Increase Solar Energy Capacity, Expand Renewable Programs - 12/04/2013 - Chattanoogan.com
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