this post was submitted on 29 Oct 2023
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Solar power expected to dominate electricity generation by 2050—even without more ambitious climate policies (techxplore.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Solar power expected to dominate electricity generation by 2050—even without more ambitious climate policies::In pursuit of the ambitious goal of reaching net-zero emissions, nations worldwide must expand their use of clean energy sources. In the case of solar energy, this change may already be upon us.

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[–] RagingInside@lemmy.world 2 points 1 year ago (2 children)

Hopefully my decision to drop 40k on solar panels for my house pays off then. 🫠

[–] CameronDev@programming.dev 3 points 1 year ago

How much power are you generating?!? Thats crazy expensive! My 6kW system was 12k AUD removing the aubsidies.

[–] Octavio@lemmy.world 1 points 1 year ago (1 children)

How can it not? If you have a $40k system, you will make enough electricity to avoid paying for electricity at all. You will probably even get a small check from the power company every month. Add up the check and the old utility bill and I bet it beats bank interest on 40k by a mile. Not to mention you are probably eligible for some tax incentives.

[–] RagingInside@lemmy.world 2 points 1 year ago

I like your optimism! I do get $13,000 back in tax credit. My math says that I should get my money back in 10 to 12 years.