Solar power and storage prices have dropped almost 90%::undefined

    • partial_accumen@lemmy.world
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      1 year ago

      Is that paying cash for the solar system or financing? Financing can devastate the ROI with interest rates today. I'm looking at as long as 12 year ROI with possibly as short as 7 year ROI if I consider the USA's federal tax incentives. My slightly southern latitude (a border state with Canada) also likely contributes to slightly higher generation results using the same equipment.

      How are the government incentives in Canada? I'm super envious of your great hydro power, my neighbor.

    • LordKitsuna@lemmy.world
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      1 year ago

      If you are willing to DIY you can cut that number dramatically. Out of curiosity what was the size of the array in that quote and did it include battery storage if so how much chances are that you can cut it by anywhere from 50% to 75% if you're willing to Simply purchase directly and install yourself. The amount that installers charge is absolutely asinine usually 50% or more of that quote is just the installation which is in the same because it's not difficult at all. People like to act scared like oh that'll be difficult or hard or dangerous, it's extremely simple you're dealing with DC which is very straightforward everything is very clearly labeled on that equipment and it's quite simple to do yourself

  • Test_Tickles@lemmynsfw.com
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    1 year ago

    I hate to be pedantic, but the things in the picture are windmills… you know giant whirly things that are powered by wind… kind of very different from things that lie around and absorb sunlight.

    • TheMauveAvenger@lemmy.world
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      1 year ago

      You want pedantic? Those are wind turbines, champ. Windmills are used to mill grain, no matter how many people like yourself try to bastardize the term to apply to anything that rotates with air.

      What’s next for you people, pinwheels are now windmills?

    • phx@lemmy.ca
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      1 year ago

      But, but… what if we put solar panels on the windmills? ;-)

      Actually I double checked and solar-assisted windmills are a thing though not likely what’s shown in the picture. Actually now I’m wondering if you could also use solar to concentrate a local heat differential and power a wind turbine (though liquid is probably more efficient)

  • hgtesla@lemmy.world
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    1 year ago

    The reason include the increased efficiency of solar panels, government incentive measures, the widespread adoption of electric vehicles, and advancements of battery technology, especially lithium-ion batteries. solar and energy storage are expected to continue becoming more affordable, contributing to efforts to address climate change.