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

  • partial_accumen@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 years ago

    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.

    • Sparlock@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 years ago

      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.

      • Polar@lemmy.ca
        link
        fedilink
        English
        arrow-up
        0
        ·
        3 years ago

        for doing green upgrades to your home.

        Who is owning a home in Canada lol. You’ll pay your landlord $3000 for 1000sqft or fuck off.

        • Sparlock@lemmy.world
          link
          fedilink
          English
          arrow-up
          0
          ·
          3 years ago

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

            • Sparlock@lemmy.world
              link
              fedilink
              English
              arrow-up
              0
              ·
              3 years ago

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

              • Polar@lemmy.ca
                link
                fedilink
                English
                arrow-up
                0
                ·
                3 years ago

                … I also have eyes, and family in real estate. A tiny house an hour from any town is 1 million. A crack shack that needs to be demolished and rebuilt is 750K.

                Maybe you live in Alberta? The place no one wants to be?

                • Sparlock@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  0
                  ·
                  3 years ago

                  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.