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Original Post (Thread Starter)
#801469 06/05/2024 8:59 PM
by nick w
nick w
I've a question. Just seen politicians claiming green energy is cheaper, no question.
Is it really? If so why have all our energy bills increased massively to fund the subsidies?
Or are they just including nuclear and the ludicrous under estimating of the cost of clearing up after that?
I'm mystified. Please help me out.
Nick
Liked Replies
#801552 Jun 7th a 08:48 PM
by BertR
BertR
Yes, really, pls consult
https://en.wikipedia.org/wiki/Levelized_cost_of_electricity

If you are really interested read

https://ourworldindata.org/cheap-renewables-growth
1 member likes this
#801557 Jun 8th a 06:55 AM
by Edwin
Edwin
I just did the math, and for my business it was a no brainer decision.

Investment: $300,000 to purchase a 1.5kw rated Solar PV system (360 panels)

Investment Tax Credit: 30% making my net cost $210,000.

The system was designed to provide 95% of our annual power requirements. Prior to going solar, my monthly electricity bills varied from $3500 to $5500 per month. Since going solar my monthly bill has been $56 (taxes and fees to support Net Metering). The system will pay for itself in 5 years, and I then have 20 years left under warranty from the manufacturer. Free power vs the inevitable utility rates increases.
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