As prices continuously rise and the planet edges closer to the brink of calamity, many people are wondering what the cheapest energy for the home is. The share of renewables in global energy generation reached nearly 28% in 2020 and is projected to approach 49% by 2050, according to the U.S. Energy Information Administration. Fortunately, the cost of renewable energy has been steadily declining, making it more accessible and more feasible as a long-term alternative to fossil fuels.
In this infographic by Solar Energy Insights, compare the cost of fossil fuels versus renewable energy sources, and see which energy source is best for your wallet.
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