Time is running out for nuclear.
Solar is getting cheaper and better, nuclear is not getting better and getting more expensive.
Once they solve electricity storage problem it is over for anything other than solar and wind.
If.
If they solve the storage problem.
If they solve the problems associated with controlled fusion, it is over for coal, oil, gas, or fission. But I am not holding my breath for that, either.
In the meantime, fission is a solved problem; using coal as the stop-gap rather than fission is unconscionable; but we persist in doing it, because we are largely an irrational species.
No "Ifs" just "whens". In fact, you can go 100% solar&wind right now, it's just a bit expensive and inconvenient but in principle we can do it with current battery technology. All we need is incremental improvements in cost.
Fusion, you should not hold your breath for that.
Such power would be incredibly expensive. There's no battery technology that delivers power at anything like current market rates even if you don't consider buying the power in the first place.
No, it would not be
incredibly expensive.
Let me do back of the envelope calculation for you.
Lead Acid batteries are cheap, 50 Ah 12volt is $50.
10 such batteries (500 bucks) will give you 5kwh of charge. That should be enough for a typical one person apartment, even considering that it has a 15 year old inefficient fridge.
Lead acid will have no troubles lasting 2-3 years. And if you get modern fridge, LED lighting and do you laundry on sunny days or at least during a day you will be able to get by with 2-3 kWh of storage. Now add to this nation wide grid connecting you to all other sunny places and you will be independent of the local weather conditions.
So basically, electrical storage will cost you $200 a year, that's less than most people spend on cell phones. The truth is, electricity is currently dirt cheap and making it slightly more expensive but clean will not break you.
According to my last power bill, I use about twice the average household consumption of electricity in my city - I use about 2kW, mostly for refrigeration, air-conditioning, cooking and hot water. In the summer, the fridges and a/c often run through the night. This costs me about $1,000 per quarter; and for that, the power company has responsibility for all generating and maintenance costs, other than the occasional light globe. (People are up in arms about paying so much - electricity prices here have trebled in the past five years).
A standard home solar power system that would fit on the available roof space has a peak output of 4kW, but only generates that in the middle of the day - according to the Queensland government, I can expect to generate 16.8kWh per day (0.7kW) on average from a 4kW rated system with correct situating and alignment. That's about a third of the power I actually use; so I will need to find roof space for another two sets of panels; or rely on neighbours to have more than their 1kW requirement to sell to me; or on someone to set up some more panels in a field near the city, or on a warehouse or shopping mall roof. Still, let's assume that someone is happy to sell me their surplus, or rent some more space to me; perhaps I could roof over some of the backyard and install more panels. No matter where the power is collected, the question is, how much storage do I need?
The 5kWh you suggest will last me about two and a half hours. Now, around here, night falls at about 19:00 local time in the summer, and the sun rises at about 04:30 - that means I need at least 10 hours of storage (more in reality, because in winter the nights are longer; and full output from the solar panels won't be achievable until some time after dawn, and will drop off well before sunset; and because some days it will be cloudy). 10 hours at 2kW is 20kWh; I'm going to need twice that to cover for one overcast day - that's $2000+ worth of batteries. That's a very lowball estimate of 10x the cost you suggest. If I want to be able to cope with an entire week of overcast conditions (more likely), I will need around 350kWh of storage - that's 70x your estimate - about $1000 per month. Just for storage. Three times what I currently pay for electricity. And I still have to pay for $20,000 of solar panels and inverters - which will also need replacing every 5-10 years. And I still have my milk go sour if there are eight cloudy days in a row; and I have to find ventilated shed space for 700 lead/acid batteries.