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Solar power and storage prices have dropped almost 90% (interestingengineering.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
12 comments fedilink hide all child comments
 

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

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[–] 0 points 3 years ago (11 children)

I was still quoted 40K CAD. 20 year ROI. Not feasible for me.

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  • [–] 0 points 3 years ago* (10 children)

    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.

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  • [–] 0 points 3 years ago (9 children)

    In Canada you can get a 40k loan from the federal govt that is 0% interest on a 10 year term for doing green upgrades to your home. My solar generates more in credits than than the cost of the loan over the year. The Greener Homes Program is a bit of a pain to jump through all the hoops but getting thousands off in grants and a 0% loan is worth it.

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  • [–] 1 point 3 years ago* (last edited 1 month ago) (8 children)

    [deleted]

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  • [–] 0 points 3 years ago (7 children)

    Not all of us live in big cities where we would need to cry over high rent and house prices.

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  • [–] 1 point 3 years ago* (last edited 1 month ago) (6 children)

    [deleted]

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  • [–] 0 points 3 years ago (5 children)

    They aren't.
    I just moved last year.
    But keep hyperbolizing, it only undermines the point you seem to want to hammer on.

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  • [–] 1 point 3 years ago* (last edited 1 month ago) (4 children)

    [deleted]

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  • [–] 0 points 3 years ago (3 children)

    Nope in BC in a little city. The cost of houses here is rarely 1 Million. You seem to just want to be mad about things even if you need to exaggerate to be able to stomp your feet like a toddler over it. Since you have some anger over this so I'm gonna bid you a good day since talking to you is pointless when facts don't matter.

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