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submitted 1 year 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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[-] rbesfe@lemmy.ca 14 points 1 year ago* (last edited 1 year ago)

Look at the subtitle on the chart, it's levelized cost over the generator's lifetime. So not including storage for any intermittent source like solar or wind

[-] interdimensionalmeme@lemmy.ml 5 points 1 year ago

And not including the financing cost of buying up an this upfront.

I'm buying 36kWh solar array and it will be home made diy, used.parts and maximum jank and don't paid upfront because that's the only way it makes economic sense and that's hoping it works for more than 7 years (break even point at my insolation level and and grid price (8.8$cad/kWh) and it only works with net metering)

[-] Pipoca@lemmy.world 5 points 1 year ago

Levelized cost averages the fixed costs over the lifetime of the generation

They're generally comparing utility scale installations, not home rooftop solar though.

[-] Professorozone@lemmy.world 2 points 1 year ago

In my area, you don't get any government incentives unless it is professionally installed. They get you coming and going.

[-] interdimensionalmeme@lemmy.ml 4 points 1 year ago

Yes, I never even considered the subsidies, I know it's not for me.

[-] RaoulDook@lemmy.world 2 points 1 year ago

Anybody can claim the tax credit though. When you file the taxes it's a box you enter a number into.

They don't ask for proof, but you'd better keep your receipts just in case.

[-] Professorozone@lemmy.world 1 points 1 year ago

Hmmmm, interesting. Thanks.

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

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