Is Alternative Energy Cheaper Than Fossil Fuels

New report predicts renewable energy will be cheaper than fossil fuels by 2020 turning to renewables for new power generation is not simply an environmentally conscious decision it is now.

Is alternative energy cheaper than fossil fuels.

Renewable energy will be cheaper than fossil fuels in two years according to a new report. In the past few years the industry surpassed this goal as solar and wind energy are now cheaper than fossil fuels in many areas. Experts predict that investment in green infrastructure projects will lead to decreases in the cost of. With renewable energy you can breathe easier stay cooler and create a more comfortable world for generations to come.

Renewable energy is now a compelling alternative as it costs less than fossil fuels says michael milken published thu sep 19 2019 3 21 am edt updated thu sep 19 2019 3 43 am edt huileng tan. Renewable energy has reached an important milestone. The cost of renewable energy is now falling so fast that it should be a consistently cheaper source of electricity generation than traditional fossil fuels within just a few years according to a. For renewables to be a viable replacement for fossil fuels companies need to price them similarly.

In 2018 those fossil fuels fed about 80 of the nation s energy demand down slightly from 84 a decade earlier. Although coal use has declined in recent years natural gas use has soared while oil s share of the nation s energy tab has fluctuated between 35 and 40.