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Solar Power

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  • A. L WALTON
  • DARWIN C. HALL

Abstract

This paper describes categories of solar technologies and identijies those that are economic. It compares the private costs of power from solar, wind, nuclear, coal, oil, and gas generators. In the southern United States, the private costs of building and generating electricity from new solar and wind power plants are less than the private cost of electricity from a new nuclear power plant. Solar power is more valuable than nuclear power since all solar power is available during peak and mid‐peak periods. Half of the power from nuclear generators is off‐peak power and therefore is less valuable. Reliability is important in determining the value of wind and nuclear power. Damage from air pollution, when factored into the cost of power from fossil fuels, alters the cost comparison in favor of solar and wind power. Some policies are more effective at encouraging alternative energy technologies that pollute less and improve national security.

Suggested Citation

  • A. L Walton & Darwin C. Hall, 1990. "Solar Power," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 240-254, July.
    • Handle: RePEc:bla:coecpo:v:8:y:1990:i:3:p:240-254
    DOI: 10.1111/j.1465-7287.1990.tb00656.x
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    References listed on IDEAS

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    1. GERALD R. BEMIS & MICHAEL DoANGELIS, 1990. "Levelized Cost Of Electricity Generation Technologies," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 200-214, July.
    2. Peter Navarro, 1988. "Comparative Energy Policy: The Economics of Nuclear Power in Japan and the United States," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 1-15.
    3. Hall, Darwin C. & Thomas, Brian G., 1984. "Investment in alternative electricity supply plans by publicly owned utilities," Resources and Energy, Elsevier, vol. 6(2), pages 165-186, June.
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    Cited by:

    1. Madlener, Reinhard & Stagl, Sigrid, 2005. "Sustainability-guided promotion of renewable electricity generation," Ecological Economics, Elsevier, vol. 53(2), pages 147-167, April.

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