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submitted 7 months ago by Knusper@feddit.de to c/technology@lemmy.ml

Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.

Source: https://ourworldindata.org/cheap-renewables-growth

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[-] TangledHyphae@lemmy.world 5 points 7 months ago* (last edited 7 months ago)

It depends, $180/mo for 25 years is the agreement and it's directly connected to the grid both ways which required additional work from the power company to inspect and approve. I think given the projections it was rated for about 25,000 kWh per year * 25 years (approaching 85% efficiency after 30 years), which is a good amount of total production for my needs. Edit: it's worth considering what $180/mo will look like in 5 to 20 years.. it will probably be significantly cheaper compared to other power sources because it's generated locally.

[-] Steam-Roller@kbin.social 3 points 7 months ago

Yes the time value of money can work heavily in your favor when projecting that far out. The way the housing market is right now, I might be here for a while 🤣 Thanks for the response!

this post was submitted on 17 Nov 2023
992 points (98.6% liked)

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