The technology to utilize the forces of nature is as old as the first sailing ship. In the industrial era, the attention was diverted away from renewable sources in favor of more concentrated energy sources, such as fossil fuels, which were used for transportation and electricity. With the advent of oil, the focus is once again on renewables. While solar and wind power are increasingly affordable, the cost of harnessing these energy sources has significantly increased. Therefore, the current situation is unlikely to be sustainable over the long run.

Although renewable energy is costly, it offers a low-pollution alternative to fossil fuels. Unlike fossil fuels, renewable energy has no direct environmental impact, and is suitable for use in homes. There are some trade-offs with renewable energy, such as the impact on wildlife and climate change. However, in general, renewable energy is a more cost-effective alternative to fossil fuels. It is also easy to harness, and can be produced at home.

While the fossil-fuel industry has received significant financial support from governments over the past few years, renewable energy is still relatively untapped. According to one study, fossil fuel subsidies cost US$260 billion a year, which is about half the amount of renewable energy. Furthermore, subsidies are also hampering the progress of renewables in reducing emissions. In addition, fossil fuel prices don't reflect their environmental cost. This means that the economic growth of developing countries will be affected by increased use of renewable energy. To get complete knowledge about technology, you should visit techfinancedollar.com.

Another issue to consider is the cost of marketing renewable energy. The cost of marketing renewable energy is very expensive. Companies need to understand consumers' needs and market their products accordingly. For example, the price of a large solar system is about $27,000 per kilowatt. On the other hand, the cost of a residential solar system is about $1200. The cost of wind energy is approximately the same. In addition to capital costs, companies can benefit from the environmental credentials of the technology.