Why did renewables become so cheap so fast?

Post by Jedd » Tue, Dec 08, 2020, 11:02 PM UTC

kovach wrote: post #621

Jedd wrote: post #173

Earlier quoted context omitted.

I'll add some anecdata from Australia. My neighbour had a 5kW system put on, single-phase inverter, about three years ago - for ~ A$7000. I've just put a deposit down for installation of 12kW of panels with a 10kW three-phase inverter for A$7400 Same provider, though I haven't compared breakdown of costs (I'm assuming very similar installation / labour costs).

Coming at this late, but that is a really good price for a fully installed system, does that include some government subsidy? Considering a similar system like that in southern Europe where installation is pretty cheap, and the prices are higher, I see A$12000 for a 10KW system of panels and a 10KW Fronius three-phase inverter.

Yes, there's some rebates from federal government in those numbers.

For the record:

33 x 370W solar panels (Jinko) - 12 year warranty

Three-phase inverter (Sungrow), battery capable down the track

Installation (labour, mounting kits, wiring, etc)

Total is A$13,000 -- less the government incentives / subsidy ($36 / STC) of A$6,600 which are intercepted by the vendor in this case.

In Australia these subsidies are taking yet another hit at the end of this year, hence there's a bit of a spike in people paying for these systems, but scheduling installation in 2021.

Post by spurgu » Tue, Dec 15, 2020, 7:46 PM UTC

pmiller2 wrote: post #390

ashtonkem wrote: post #377

Earlier quoted context omitted.

Saudi needs to do one of two things before the oil runs out: 1) Diversify their economy 2) Build up enough sovereign wealth to maintain their citizens standard of living after the oil has run out. The first is very hard, because huge percentages of their population are completely disengaged from the economy. It's estimated that 30-40% of working age adults neither have a job, nor are looking for one. An unusually hig…

Oil is not running out in Saudi Arabia anytime soon. They have reserves underneath their desert land equal to over 200 years' worth of current consumption. [0] What they need to do is stop pumping it, and soon, otherwise climate change will cook us all. --- [0]: https://www.worldometers.info/oil/saudi-arabia-oil/

It's well-known that there's a lot of oil left. The problem is that it's becoming increasingly less accessible and thus more expensive to extract.

Re: Why did renewables become so cheap so fast?

Re: Why did renewables become so cheap so fast?