Mitchell314
Muse
- Joined
- Jun 6, 2008
- Messages
- 777
...For common everyday electricity use (say, at least 30-40% homes) to contribute significantly (at least 40% of energy demand) to society?
I did a little poking around and I found that active solar panel technology either breaks even or is insufficient to compete with utilities and current rates (~$0.10 per kilowatt•hour) over two decades. Naturally, my math is approximate, and I tried to stay more conservative with figures. However, there are some good ones, where you just might have benefited economically in an area of $0.08 per kilowatt•hour if the weather behaves and little maintenance is needed in a few decades. But if electricity rates go up (at $0.15 kW/h, those panels start looking good), demand and market should grow. Of course, if rates go up, so does the attractiveness in other sources of energy (like wind powered generators).
What say you?
I did a little poking around and I found that active solar panel technology either breaks even or is insufficient to compete with utilities and current rates (~$0.10 per kilowatt•hour) over two decades. Naturally, my math is approximate, and I tried to stay more conservative with figures. However, there are some good ones, where you just might have benefited economically in an area of $0.08 per kilowatt•hour if the weather behaves and little maintenance is needed in a few decades. But if electricity rates go up (at $0.15 kW/h, those panels start looking good), demand and market should grow. Of course, if rates go up, so does the attractiveness in other sources of energy (like wind powered generators).
What say you?