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21.0 Energy Economics. This is a placeholder and Frank Leslie has not completed the presentation yet. Dr. Michael Slotkin Frank R. Leslie B. S. E. E., M. S. Space Technology, LM IEEE fleslie@fit.edu; (321) 674-7377 http://www.fit.edu/~fleslie 4/13/2010. In Other News . . . .

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21.0 Energy Economics


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slide1

21.0 Energy Economics

This is a placeholder and Frank Leslie has not completed the presentation yet

Dr. Michael Slotkin

Frank R. Leslie

B. S. E. E., M. S. Space Technology, LM IEEE

fleslie@fit.edu; (321) 674-7377

http://www.fit.edu/~fleslie

4/13/2010

in other news
In Other News . . .
  • Crude oil falls to about $80/bbl on increasing oil supply estimates

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21 overview
21 Overview
  • Dr. Slotkin’s presentation is not yet available
  • What follows are just my thoughts for now – F. Leslie

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21 1 constant dollar conversion
21.1 Constant Dollar Conversion
  • The value of the dollar changes with inflation, so varying year costs must be compensated by the inflation rate
  • After inflation, more money must be earned to buy the same goods

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21 2 present and future value
21.2 Present and Future Value

Revised 021213

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21 4 externalities
21.4 Externalities
  • Externalities are costs not included in the system cost, but are borne by others
  • Emission reduction can be encouraged by placing a tax on the emissions

Revised 021213

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21 5 cfl vs incandescent lamps vs leds
21.5 CFL vs. Incandescent Lamps vs. LEDs
  • Compact Fluorescent Lamps (CFL) have fallen in price to about $2 per lamp and they last about 8000 hours
    • They require about ¼ the power for the same light as an incandescent bulb (~$0.25)
  • LED (Light Emitting Diode) lamps cost about $35 and last ~10000 hours
  • The energy cost for the quoted life must be added to the cost of replacement labor and the original cost to get a comparison cost

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21 6 system costing
21.6 System Costing

Revised 021213

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21 7 truths and fallacies
21.7 Truths and Fallacies

Revised 021213

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21 8 cost savings analysis did you compute cost savings to buy your car
21.8 Cost-Savings Analysis: Did you Compute Cost Savings to buy your Car?
  • Cost savings are often expressed as “years until payoff”
    • The shorter the payoff time, the better the investment
  • In buying a new car, one never worries about payoff time
  • Perhaps, buying a solar system should be considered without payoff computations

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070412

references books
References: Books
  • Boyle, Godfrey. Renewable Energy, Second Edition. Oxford: Oxford University Press, 2004, ISBN 0-19-26178-4. (my preferred text)
  • Brower, Michael. Cool Energy. Cambridge MA: The MIT Press, 1992. 0-262-02349-0, TJ807.9.U6B76, 333.79’4’0973.
  • Duffie, John and William A. Beckman. Solar Engineering of Thermal Processes. NY: John Wiley & Sons, Inc., 920 pp., 1991
  • Gipe, Paul. Wind Energy for Home & Business. White River Junction, VT: Chelsea Green Pub. Co., 1993. 0-930031-64-4, TJ820.G57, 621.4’5
  • Patel, Mukund R. Wind and Solar Power Systems. Boca Raton: CRC Press, 1999, 351 pp. ISBN 0-8493-1605-7, TK1541.P38 1999, 621.31’2136
  • Sørensen, Bent. Renewable Energy, Second Edition. San Diego: Academic Press, 2000, 911 pp. ISBN 0-12-656152-4.
  • Tester, Jefferson W. , Elisabeth M. Drake, Michael J. Driscoll, Michael W. Golay and William A. PetersSustainable Energy Choosing Among Options. Boston: MIT Press, 870 pp. July 2005 ISBN-10:0-262-20153-4

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references websites etc
References: Websites, etc.

awea-windnet@yahoogroups.com. Wind Energy elist

awea-wind-home@yahoogroups.com. Wind energy home powersite elist

geothermal.marin.org/ on geothermal energy

mailto:energyresources@egroups.com

rredc.nrel.gov/wind/pubs/atlas/maps/chap2/2-01m.html PNNL wind energy map of CONUS windenergyexperimenter@yahoogroups.com. Elist for wind energy experimenters

www.dieoff.org. Site devoted to the decline of energy and effects upon population

www.ferc.gov/ Federal Energy Regulatory Commission

www.hawaii.gov/dbedt/ert/otec_hi.html#anchor349152 on OTEC systems

telosnet.com/wind/20th.html

www.google.com/search?q=%22renewable+energy+course%22

solstice.crest.org/

dataweb.usbr.gov/html/powerplant_selection.html

Revised 090414