#solar electricity, #solar panel, #home installation, #return on investment, #gravy train, #subsidize, #economically inefficient,
Solar Electricity Installations look like a gravy train.
With electricity price running out of control, anticipated to hit40c/kWh in the near future, I have to consider investing in a home system of Solar Panels to reduces my expenditure. The good news is there are some Solar Panels on sale at $150 per square meter and my friend can install them for me at a cost of $150 per square meter. So I drew up the following financial analysis for the prospective installation of 1m2 of panel. The results are quite surprising: Solar electricity is not matured enough to be economically competitive. The Green actions by Australian Governments are mostly a gravy train with well connected, greedy people already having First Class seats on it.
1.Assumptions leading to prospective installation
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