The high demand of low-cost wind and solar energy
helps drive costs down.
The price consumers pay for wind power has fallen 70% in the last 10 years with improved
technology and U.S.-based manufacturing, making it the cheapest resource on the market. Wind is uniquely able
to offer fixed-priced contracts because renewable energy has no fuel cost and
therefore no fuel price risk. Utilities and consumers like wind because it
acts as a hedge against future
volatility of natural gas prices, much like a fixed-rate mortgage
protects homeowners against interest fluctuations.
Solar energy prices have dropped 90% since 2009.