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A comment on Giant batteries and cheap solar power are shoving fossil fuels off the grid. Parent comment
You also need to consider what happens if prices keep rising, because if that happens the investment is paid back sooner.
I can only speak for what I see happening here in Australia.
Energy prices in Australia have been rising rapidly for a very long time and for several reason and don't look like falling any time soon.
From here: https://finance.nine.com.au/personal-finance/residential-ene...
Residential prices increased 63 per cent since 2007 and the average household bill was about $1524 plus GST.
It is this very sharp rise in electricity price that has driven the boom in rooftop solar here in Australia.
At those prices rooftop becomes very attractive.
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You also need to consider what happens if prices keep rising, because if that happens the investment is paid back sooner.
I can only speak for what I see happening here in Australia.
Energy prices in Australia have been rising rapidly for a very long time and for several reason and don't look like falling any time soon.
From here: https://finance.nine.com.au/personal-finance/residential-ene...
Residential prices increased 63 per cent since 2007 and the average household bill was about $1524 plus GST.
It is this very sharp rise in electricity price that has driven the boom in rooftop solar here in Australia.
At those prices rooftop becomes very attractive.