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by dheera
33 days ago
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The problem with renewables I have is that "what's good for the earth" and capitalism simply don't mix. Solar was fundamentally supposed to be almost-free electricity. You put a bunch of panels up and free energy from the nearest star. The stark reality though is that the people and institutions in control of solar equipment (this includes manufacturers, tariffs, etc.) reprice their stuff to match the price of the dirty electricity. And then they reprice their stuff again to assume that everyone loves to borrow money. At that point it becomes not worth it at all. No, I don't want a solar installation to pay for itself in 15 years. I want equipment that gives me free electricity starting next month. If it costs less than a months' worth of electricity and I won't have an electricity bill starting next month, I'm interested. If not, it's outside my budget and planning horizon. |
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Why would people and institutions in control of solar equipment reprice their stuff to match the price of dirty electricity? You think there is no competition? Or you confuse it with the system that has been put in place where the price of electricity in the grid is set up by the most expensive producer at the time (which does make sense although you can argue against it).
Solar installation should pay for itself in less than 15 years in most cases, half the time according to that article: https://pv-magazine-usa.com/2024/10/03/average-u-s-residenti... (and residential solar is much less cost-effective than large-scale solar farms).