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Electric costs will only rise as expensive storage systems and higher capacity grid ties are deployed. Renewable generation is great, but it's useless for much of the day when there's little wind or sunshine. So in order to prevent outages we need to either import the power from far away, or store enough to cover multiple days of generation shortfalls.

Don’t forget that transmission is a huge component of electricity cost and only going to increase with congestion and inflation.

Transmission isn’t necessary if local generation offsets local consumption.

Wow! Great stat, do you have a source so I can use that elsewhere?

I misspoke. It’s every 2 minutes.

> Every two minutes, the energy reaching the earth from the sun is equivalent to the whole annual energy use of humanity. All the energy … the cars, lighting, and air conditioning of the world … in one year is equivalent to two minutes of the sun,” said Dr Lamya N. Fawwaz, vice-president for Institutional Advancement and Public Affairs at Masdar Institute of Science and Technology (MIST).

https://www.energy.gov/articles/top-6-things-you-didnt-know-...

https://gulfnews.com/uae/environment/two-minutes-of-sun-enou...