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Renewable Energy (RE) activists make the claim that RE is cheap already, but my basic math doesn't check out well. Here's a calculation for Solar from (sunny)
by nnain 8y ago
Renewable Energy (RE) activists make the claim that RE is cheap already, but my basic math doesn't check out well.
Here's a calculation for Solar from (sunny) India: A 5KW Solar Rooftop costs in the ballpark of Rs 300,000 (~4000 USD), which takes care of a bill of less than Rs 5000 per /month (~60, 70 USD). That'll take 5 years (at least) to recover the cost of install. Then there would be the added cost of maintaining the setup.
Now, USD 4000 might not sound like much to invest in a healthy future, but it's still a LOT of money for the majority of Indian households, and the idea is quite difficult to sell.
So the only help can come from the government subsidies. Unfortunately, while the govt has set huge public targets, the subsidy doesn't reach common people. The current Energy lobby is showing it's ugly face here, and the government is warming up to the idea of taxing solar products.
There's also the troubling fact that large corporations are setting up these huge RE powerplants (with backing from govts), when by the very nature, Solar energy should be rather distributed.
I just hope we talk about the hinderance by governments and large corporations in the RE space a lot more and not let them collude or slow down this natural progression.