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"Make money" in many energy markets is a misnomer, because not all markets pay out. For instance, I have home solar in Massachusetts, where I get a billing cred
by don-code 4y ago
"Make money" in many energy markets is a misnomer, because not all markets pay out. For instance, I have home solar in Massachusetts, where I get a billing credit at the end of the month for excess generation. I can't cash that in (so I'll never be paid), but it does give me a "free" way to use electricity in the future. (Yes, I know it's not really free, because there's no return - I effectively lose money to inflation.)
I could do something economically productive with the billing credit, like charge EVs or mine crypto, but I consider that more a knock-on effect than a moneymaker.
- willnonya 4y agoIt also ignores the upfront cost and roi. In many areas it takes almost the useful life of the panel to break even.
- Beldin 4y agoAround here[1], it used to take about 7 years. With the energy prices skyrocketing, that will probably be less, even if material and install costs are now higher. [1] EU; I gathered that solar is significantly more expensive in the US.