To the discussion of whether $50B/y is a big figure or not. EU has around 400GW of PV installed. Cost to install per 1kW ranged between $600 and up to $4000 because a big chunk of that capacity was built when prices were much higher. If we consider average price at $1000 this means $400B on capex alone + yearly operational expenses. It can still be profitable (assuming current PV prices can be sustained + installed capacity doesn't grow faster than storage) but it's going to be many years until the investment is recouped and it starts to actually "save money for Europeans".
In any case, of course it's still nice to depend less on imported oil, even if not for money savings.
So far it's covered about 70% of my usage and 5.7 Mwh. I don't have a full year of data yet so I expect that number to grow as it includes the summer months. I drive an EV and this includes the car.
As an adult, one of the things that fascinate me is self-sufficiency: the idea that you can buy a solar power system, install it, and use your own power -- without getting a bill in the mail every month, many times feeling like a victim of modern day suburban subjugation.
I'm still a good little obedient peasant, but I hope one day I can rely more on well water/rain catchment system, solar power, and propane.
Getting 70% of your electrical usage from your own solar power system has to be a good feeling.
There are some fascinating youtube videos on digging your own backyard shallow well (12-40'). This close to the surface, the water is considered non-potable, and you should have yours tested, but you can pump up what you need for backyard garden irrigation. Wells like this can be seasonal, as it is essential a rainwater catchment system using the permeable ground as your reservoir. Still, a neat concept for a relatively low cost.
These days it's very much sun-legos. You decide what you can afford and what you think you need, and then you bolt the stuff together. Anyone who is willing to put time into it is capable.
This family[0] appears to be 90% agriculturally self-sufficient: they occasionally eat out, but grow most of what they eat. They store a lot of food in their basement, critically, with a DIY ventilation system. If you're building a home from scratch, and you're independently minded, it's the ideal time to build in some food storage and ventilation access in your floor plan.
When I showed this video to a coworker who also eats mostly off her own land, she recommended beginning by experimenting with preserving store-bought produce before planting an ambitious garden that yields more food than you know how to store.
This is the problem still in the US. Even at ~$0.23/kwh delivered in the northeast, you're looking at an ROI of nearly five years. Fine if you can float that kind of cash to feel better about yourself, but the economics just aren't there for most people, especially in cheaper parts of the country where rates are ~$0.12. Even financing you're looking at a monthly payment equal to or greater than an electric bill. Of course if you have the time to amortize it you'll come out ahead, but there's simply no cheap solution that can actually save real money out of pocket in any reasonable amount of time beyond theoretical future savings on paper. It will never be a true solution without massive subsidisation that reduces out of pocket to a 1-2 year horizon.
The way that these discussions get contorted online will never make sense to me. The same people who make comments about ROI and it not making financial sense also have new car-loans on vehicles that depreciate catastrophically and are worth nearly nothing in 10 years. After 10 years my solar install will have been paid off for three years, I will get free electricity, and I will have the following benefits along the way:
Additional home value/equity
Backup power in case of grid problems or catastrophe.
Free fuel for my used battery electric vehicle. (compared to ~$200 a month in gas)
As close to zero carbon footprint as you can have in our contemporary world
And that's all assuming electricity prices stay the same. That's not even talking about how hydrocarbons are a very finite resource. Saying there's no "ROI" is looking at the situation like the only variable is your monthly expenses. It's the best decision anyone with a home who has the climate can possibly make. If you value your independence and personal security you'd be crazy to not do it. What would you pay, if you have the kind of money most people on these forums do, to ensure your home operates independent of external inputs? Imagine a new great depression? Or other such event?
That's the reality of life for most people outside of our little bubble of six figure earners. If it's a higher monthly price, it's a nonstarter.
>"Additional home value/equity"
I wouldn't be so sure of that. Solar is a massive maintenance liability that a majority of buyers will avoid. Fine if you find the right one willing to pay a premium, but how much more are they going to pay for an old system vs. installing their own?
For your equity comment, it reads like astroturfing. Every single report with real-world data shows that it's positive equity and that homes with installations sell for more than those without. It's not a "vibe" I have, it's a cold hard fact. There's a million things you maintain when you own a house, and free energy is literally the easiest thing to want to maintain. Compare that to siding, or septic, or anything else....
Your comments aren't in good faith at all.
Three years ago, I was paying about $0.12/kWh, now it's about $0.22/kWh and installing a system makes sense.
It's cash up front for a savings later. My roof was due for replacement 'soon' but not immediately, and I didn't model the cost of moving that 3-5 years from the future to the present.
If you can't manage a 5 year planning horizon on a house, I'm not sure that home ownership is a great idea.
I get it if the ROI is 10+ years... too much uncertainty to put a lot of capital in.
That's 15% yearly
It's all about the all-in cost of the system vs the reduction in utility bill.
If your system runs 20% of your usage, it still has whatever ROI it has.
Building to cover 100% usage isn't a typical goal if you're planning to keep the utility anyway. Most net metering doesn't pay you if you make more than you use, so if you go over, you spent too much on your system.
For the time to payback to be even remotely close to 5 years in that scenario. Otherwise you're easily talking a decade plus.
If a $X system covers 100% of your use, a $X/2 system probably covers 50% of your use.
Ignoring time value of money, if the $X system saves you $X / 5 per year, the $X / 2 system that generates 50% will save you $X / 10 per year. Both systems would have a 5 year ROI.
Even if your half price system generates only 45%, it only brings the ROI out to 5 years 6 months.
There's are some fixed costs to hook into your panel and whatnot, but as long as your system is within a reasonable range, the math should math pretty well until your system generates more than your usage. Assuming the math maths at all... if system costs are high and utility rates are low, it doesn't math. If you roll a roof replacement into your system cost, then yeah, a small system won't get you the ROI, but I don't think the math works to include roofing in the system cost unless your utility power is very expensive per kWh. If you're in a reasonable cost area, and you need a new roof for your system, you need to wait until it's time for a new roof anyway. Or if you can't afford a new roof and a solar system at the same time and don't want to finance the solar system, you could probably have the roofers put in rails for future panels when the roof is installed so that the roof warranty covers the rails. Then you can add solar when you've rebuilt your reserves.
The time value of money is the entire point of what I've said.
And it goes up exponentially when you are just getting by as most of us are. $17k right now is worth incredibly more to me than saving $200/month for the next 20 years.
> $17k right now is worth incredibly more to me than saving $200/month for the next 20 years.
Would you take a $17k loan today, and pay it back at $200/month for 20 years? That's a 13% loan. Which I guess is a market rate for a personal loan, but those usually have a shorter period. My preferred credit union gives solar loans at 6.25% to 8%.
Would you take a $17k loan, to save $200/month for 20 years, but have to pay $191/month for 10 years to clear the loan? What about if you paid $146/month for 15 years? If not, why not? How about if you paid $331/month for 5 years?
That's evening peaker gas plants in most places. After batteries push gas out of that market they go on to morning peaks and so on.
This is being done at scale in California and Texas.
New advances in nuclear is what I hope for. First experimental SMRs are being installed in several places of the world, others are in design stage. Looks like a hopeful technology.
48 hours in Scandinavia is roughly equivalent to turning all their road vehicles electric. And that's even with Norway using the second highest per-capita rate of electricity in the world let alone Scandinavia (second to Iceland, whose electricity is 100% renewables thanks to abundant geothermal): https://www.statista.com/statistics/383633/worldwide-consump...
Given nobody is suggesting an instantaneous transition, this is not at all unrealistic, and I don't know why anyone might consider it to be.
Good luck with new nuclear, but with all the politics in that domain, I don't expect that to work out even if e.g. Helion Energy supplies working shipping-container-sized aneutronic fusion.
People don't give a fuck until gasoline is 2€ per liter.
But these things don't get momentum in a vacuum. People need to advocate for them beforehand, so that when the time is right, the decision makers will know who to turn to.
Also, the more panels we already have, the less reliant we are. Energy doesn't stop flowing because deliveries of new panels stop during a conflict. You just pause expansion. A very different scenario to fuel reserves running dry in weeks.
If someone is genuinely worried about China cutting off their power, the fact my very cheap solar inverter came with an app should probably be a consideration here.
I'm not saying the Chinese did put a kill switch into it, but I am saying that we all know what Snowden reported about the US, and given that it really wouldn't be a surprise.
There are more immediate ways for China to influence Europe.
Meanwhile the recent oil debacle showed how fragile a system it is to have fossil fuels shipped across the planet.
This makes calculating the cost saving from solar and wind a bit complex.
Electricity is pre approved to increase a minimum of 5% a year (it just went up 16% this year for people out of town), so the savings will only increase.
I’ll pocket something like $35k in 25 years for $0. Best investment ever.
I’m in canada in a tight valley where it snows a boatload.
Pretty sure it's all tax funded.
Where I am as soon as the government introduced subsidies every single installer jacked their price 2-5x, now they all start right at the threshold at which the subsidies kicks in, amazing... it costs twice as much to the community but "0" to the individual
That's too simple of a statement. Sure, govt grants are involved in subsidies for installation and the loan interest. But that thing is then generating electricity, which is what saves them the money.
So it's not "all" tax funded. Some of it is the sun's energy, and that was the whole point.
Nuclear energy wouldn't even be a thing without heavy govt subsidies. And it keeps needing subsidies. No nuclear plant is economical without subsidies. (The operators admit this themselves.) In contrast, the solar and wind industry is eventually carrying itself without subsidies. In many parts of the world that's already the case since tech and market have matured.
By that time Germany cumulatively poured around a trilling euros into the green energy and still had coal power plants and 2x the CO2 per capita compared to France.
As of 2026, in Germany 22.5% of electricity still comes from coal and CO2 per capita is still 1.7x of France.
The hard numbers so far are extremely favorable towards nuclear. Roughly speaking you get 1.7x better results at a 1/4 of the cost.
I live in a heavily subsidized state and quotes ranged from (after subsidies/incentives) 5-6 year ROI to 20-25 year ROI.
Yes. I’m very happy my taxes are spent on things that improve the lives of everyday people rather than endless wars.
Either spend it on productive things, or have zero taxes.
Electricity prices in Germany are lower than last year.
https://www.zeit.de/wirtschaft/energiemonitor-strompreis-gas...
Spain opted out of this system and is now enjoying cheap wholesale electricity, which is fueling an industrial revival.
... and solar is heavily subsidized, which could outweigh this effect. So this doesn't explain the high energy prices.
> partly because of the way electricity auctions work in most of Europe, namely every participant sells at the price offered by the highest bidder.
This doesn't explain why Germany has so high electricity prices.
It's the main thing which does.
Say you have two energy sources, Alice Electric can deliver at €0.03/kWh but only up to 10% of your demand, while Bob Energy can deliver 200% of your demand but all units will cost €0.5/kWh.
The net result of the electricity auction, as described, is that the consumers pay Alice and Bob €0.5/kWh each, which gives Alice a €0.47/kWh profit margin and therefore lot of money to expand operations if she wants to, but until she can actually supply 100% of demand, it's priced by what Bob charges.
This is "by design" in the sense that it offers big subsidies to more solar generation to come online, but you won't see the biggest price cuts until the last expensive sources are pushed off the grid entirely. Because Germany's marginal source is coal, they pay way more than countries whose marginal source is gas or nuclear.
Edit: People's general understanding of the scale of economies is genuinely terrifying to witness.
What's the deprecation schedule? Which financial "context" is it calculated within? A household may benefit from governmental support and profitable, while the aggregate financial situation may or may not be so. What timeline is it calculated on? A 5-10 year window may be unprofitable, while a larger one may be. An even longer one may change numbers completely...