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10.Solar+Thermal - Recap of Economics of PV Solar is...

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1 Recap of Economics of PV Solar is $0.25-0.34/kW-hr Last year 2.5 GWp was produced and the industry has been growing more than 25% per year. Grid parity is estimated to occur in the next 5-8 years.
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2 Niche Markets where PV is Economical Remote industrial Microwave repeaters, buoys, offshore oil platforms Remote inhabited Stand-alone homes, water pumping, lighting, appliances Urban industrial Traffic control, emergency phones, remote cameras Personal Calculators, watches, radios
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3 PV Best at Small Scale PV is the least-cost option for generating electricity for small-scale, grid-independent  applications like solar home systems (SHS), water pumping, and telecommunications.   Source: SolarBank Cost of Electricity Solar PV vs. Conventional Generation
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4 Remote Industrial Applications Water Pumps Photos:  National Renewable Energy Laboratory Buoys
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5 Off-Grid Rural Electrification Photos:  National Renewable Energy Laboratory These PV panels supply each home with enough electricity for two fluorescent light bulbs.
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6 PV in the Developing World 30TW needed in 2050. Decentralized/modu lar technologies spread easily in the developing world (e.g. cell phones) Huge opportunities when coupled with microfinance. Current Per Capita Consumption by Country The MRS Bulletin Harnessing Materials for Energy, April 2008
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7 Building Integrated PV (BIPV) • Install on or in building during  refurbishment/upgrades • Adds only 2-5% to construction  costs of commercial buildings • Used for both roofing and facades Source:  BP Solar
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8 Case Study: San Francisco’s Solar Story Source: Vote Solar.  The Moscone Convention Center San Francisco Combines Solar & Energy Efficiency . (2004) San Francisco has pioneered an approach for funding renewable energy  initiatives through its approval of a landmark $100 million bond initiative  for solar panels, energy efficiency and wind turbines for public facilities.  Voted in with overwhelming approval in 2001, this renewables initiative  has led in part to the installation of a 675 kW solar system on the roof of  the Moscone Convention Center. Completed at the end of 2003, this solar  system, along with other energy efficiency upgrades, has resulted in a cost  effective way for San Francisco to generate cleaner electricity.  The $40K energy efficiency project, which switched out inefficient light bulbs to compact  fluorescent lighting, saved as much electricity as is currently produced by the PV array.   * When the Moscone Project was completed, the Moscone Center was paying an enterprise rate for electricity provided by the  Hetch Hetchy Water District at $0.15/kWh
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9 Conclusion The Reality: Casio G-Shock Atomic Solar Watch (~$80) The Myth: Solar power is cumbersome and expensive.
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