HM is right.
Enough panels for 5 or so KW plus Tesla power wall, … or the AUSSIE made equivalent, is worth around 10k. 12 to 15 fitted after gov subs IIRC.
My sums have me having exactly that set up ^^all fitted and sorted for 10k (or less, dependent on how rapidly the price drops) in 2 years time.
Telsa powerwall is $10k in itself without installation costs. You do know there is one Australian manufacturer of solar panels too right?
Batteries to me aren’t economical yet. You’re better off getting a bigger solar system then solar + battery.
Power wall is currently 8k plus 750 for inverter & chattels.
10 k installed.
Will be much cheaper in 2 years.
like with almost anything tech related.
That’s dropped in price then! Spending the extra 10k on more panels will still beat economically getting a battery.
If they were, I’d have them installed yesterday.
Not for me, or for many others on NEW builds especially, in 2 years…
Taking into account the lack of paying for connections, underground power & fees etc, . it almost pays for itself, … which is why I’ll probably get 2.
Edit: Just to clarify, the new home is designed in full Solar passive, and will also have a ground heat pump, and now, thanks to a freinds new venture, most likely a Methane fermenter as well, which along with a slow comb stove, should take care of all heating, cooling, cooking, and hot water. Panel amount will depend on a few things once the house is running, as I already have a couple of wind Gennies built, and can always add more for nearly nothing.
Sounds like you’re planning one inverter as opposed to micro inverters as well?
Buy a battery an sell the thermos?
NOT ECONOMICAL!
(and it has an EFC logo on it).
Pfft, that gun is entirely natural.
More than likely the more efficient micros, as I think they’ll be much more reliable and resilient by then, but again, it will depend on how many panels, and lets face it, whatever new gear might be around by then.
I went micros. Efficient and doesn’t kill the whole system if one dies. Easy to replace as well given they are plug and play.
From the Fin Review, a story on the dirty back rock
EXCLUSIVE May 26 2017 at 12:15 AM Updated May 26 2017 at 12:15 AM
Save Article
BlackRock says coal is dead as it eyes renewable power splurge
BlackRock says it no longer makes sense to invest in coal. Christopher Pearce
by Jenny Wiggins
Australia is “denying gravity” by continuing to encourage coal investments because renewable energy is now competing “head to head” with coal on cost, the global head of BlackRock’s infrastructure investment group, Jim Barry, says.
“It’s been amusing sitting back and watching Australia from afar because in effect it’s been denying gravity,” Mr Barry, who is based in Dublin, told the The Australian Financial Review.
“Coal is dead. That’s not to say all the coal plants are going to shut tomorrow. But anyone who’s looking to take beyond a 10-year view on coal is gambling very significantly.”
Mr Barry, who plans to start investing in Australian renewable energy projects, acknowledged it was hard for politicians “not to do something” with resources like coal when they were available, but said he did not think there was “long-term potential” in Indian conglomerate Adani’s proposed $16.5 billion Carmichael coal mine.
He said no board directors in the US would make a 30-year commitment to coal.
Adani has delayed its final investment decision on the controversial Carmichael mine until the Queensland government clarifies how much the Indian company will have to pay in royalties.
The previous mentality around renewable energy, that it was expensive and “all about subsidies”, had now been “turned on its head” as prices, particularly in solar energy, had fallen, Mr Barry said.
“The thing that has changed fundamentally the whole picture is that renewables have gotten so cheap,” he said.
Australia’s “prevarication” on renewables meant it could benefit from lower prices as large-scale renewable energy projects, including battery storage, were developed, he said.
Global investment in the renewable energy industry has soared to more than $US300 billion annually from just $20 billion just over a decade ago.
US-headquartered BlackRock, which has more than $US5 trillion of assets under management and claims to be the world’s largest investment group, is actively looking for Australian renewable energy investments to add to its new global renewable power fund, which is expected to reach about US$1.7 billion. About 10 per cent of the fund is expected to be allocated to Australia.
London-based BlackRock director Charlie Reid will move to Sydney at the end of the year to head an Asia-Pacific team focused on renewable power equity investments. It will be the first time that BlackRock, which has previously invested in solar projects in Japan, will have renewable energy specialists based in Australia.
Beyond renewable energy
BlackRock has been broadening its overall energy infrastructure portfolio and this year acquired private equity group First Reserve Energy Infrastructure Funds, which manages US$3.7 billion in capital. It will also put people in Sydney or Hong Kong to identify Asian energy investments for First Reserve.
The investment group prefers to invest in brand-new renewable energy projects or within the first six months of a project’s operation, believing it can make more money than by investing in mature assets. Construction of renewable projects was typically “straightforward” and not as complicated or risky as construction of transport projects, Mr Reid said.
BlackRock is considering equity investments in only renewable energy in Australia but will look for opportunities to acquire longer-dated debt of transport infrastructure, including new toll roads like WestConnex. The NSW government has confirmed it will sell at least 51 per cent of the new Sydney motorway, which is under construction.
“A toll road that is up and operating is a very attractive infrastructure asset,” Mr Barry said. “Typically, it has inflation exposure as well in toll rates which a lot of institutions find useful.”
Mr Barry said Australia would have to plan for the impact of climate change, including higher water levels, and the government needed to resolve uncertainty over how the country was going to meet its 2020 and 2030 emissions targets.
“It’s better for everyone to get that clarity sooner rather than later because it allows for more-functional investment …w hen you get policy volatility you get very dramatic stop-starts in investment.”
He said he was “bearish” about the pace of emerging opportunities in US infrastructure investment because most infrastructure assets were managed by states, and it would be “a major political task” to shift the status quo and Congress had other priorities, such as healthcare and tax reform.
But he is “bullish” on electric cars, pointing out that evolving technology for car batteries will improve their performance, and their emergence would hurt demand for oil. “There was always this historic view on oil about peak supply but it’s about peak demand being an equal dynamic.”
Just going through some old posts I previously missed, saw that film again recently, you make a great point although I am not sure it was the one you intended.
At the end Andie McDowell got truly and thoroughly ■■■■■■.
Construction of 14GW of coal-fired generation capacity in india was cancelled this month, because solar is cheaper.
Carmichael and Adani are the same thing, aren’t they?
What’s happened to the one up in the northern rivers area of NSW, or was that CSG?
India generates nearly 70% of its power from coal fired stations, and that is not going to change any time soon. They have massive coal deposits, but it is expensive to mine, mostly for Political reasons. Much of the power generation is privately owned, or rather the new stuff is, and same goes for renewables. China also published that it has cut coal mine development and many proposed coal fired plants, but it is still building over one hundred new ones. I am off to Beijing in two weeks, to present a paper at a Mining Conference, on work we did in an Australian Coal Mine, and it is a very large Conference. There are many Universities in China only for mining and many just for coal research. The conference includes a visit to a coal mine and a power station, so if I see anything interesting I will try to take a photo and send it back to Blitz.
Good one, Bacchus.
Don’t forget to “gambei”!
I can’t shake the feeling if the US pull out of the Paris climate agreement, Australia will follow suit
Trump press conference- out of Paris accord.