85-87% reduced in last 10 years
I was still quoted 40K CAD. 20 year ROI. Not feasible for me.
Was that recently or last year? Prices were out of control last year. Here prices have dropped almost 30% just since May.
Wow. 3000 square foot home here so we had a sizable system. It was $15k USD.
Ha, mines like 1200
Well it's the company/ies not the product
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.
How much of that is installation costs?
I looked into getting solar installed. Best I could get in my area was $45k for a 10kW system or $97k for a 20kW with 2 power walls for storage. F that, even with government subsided rates.
That's just absurd, why is it so expensive for you? You could install it yourself for the most part, it's not super complicated, just physically difficult. And then pay an electrician $500 to connect the inverter to your main panel.
Lack of competition, but mostly greed.
Ah yes. This is why batteries in Aus cost the same as they did 10 years ago. Capitalism working as intended
Think of all the profits you're delivering to shareholders!
POV reading this headline while paying $0.4-$0.5 /kWh
Are you using solar?
It's the same here (Denmark), and it's not about whether we use solar, but if countries more suited for it do, which should decrease the price of electricity across countries. Just like when the Ukraine war caused gas to increase in price, electricity of all of Europe increased in price, disregarding their use or dependency on gas.
Damn. Ontario Canada is 15.1-24 cents per kWh.
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.
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?
I told you I hate to be pedantic.
Sorry, but not all wind mills are used for grain. Some ground stone and other material!
What if the turbines are hooked up to an electric milling machine ?
Then it's a windmilf
Wait until you hear what creates wind!
Beans?
There's a man in the clouds who blows really hard.
But the plants he eats grow in sunlight.
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)
Yes it's a stupid picture, the solar panels are in the background, not nearly as noticeable as the wind turbines.
If we use tax money, if it is important for entire world and survival of humans, then we wouldn't even care or notice
Thanks, China.
Maybe raw battery cost has reduced but installed storage is 30% more expensive than it was a couple of years ago, and it was too expensive then..
probably when using carbon cathodes instead of cobalt, the energy density drops from 300wh/kg to just 150wh/kg, so u would need extra anode/electrolyte mass to store the same amount of energy.i bet that those prices hikes are a result of diversion from rare earth metal mining..but just a guess
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.
This is a most excellent place for technology news and articles.
