this post was submitted on 17 Nov 2023
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Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.

Source: https://ourworldindata.org/cheap-renewables-growth

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[โ€“] comador@lemmy.world 1 points 1 year ago (1 children)

Then there's California where NEM 3.0 makes it less than worth while to install or upgrade your existing solar installation.

[โ€“] endlessbeard@lemmy.ml 2 points 1 year ago

There's a lot more nuance to this than most people will admit.

Net metering is 100% unsustainable, when renewables become a big enough chunk of the grid generation mix, they often generate when no one needs the power. Forcing the grid to accept that power and even pay the homeowner a premium for it is a perverse incentive. Effectively what it does is allow solar array owners to avoid paying to maintain a grid they still use, and since the rich trend to go solar first, the poor are left holding the bag to maintain the grid for everyone.