this post was submitted on 17 Nov 2024
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Solar modules now selling for less than €0.06/W in Europe (www.pv-magazine.com)
submitted 1 month ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
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[–] JustEnoughDucks@feddit.nl 3 points 1 month ago

Only partially true. The solar panels almost all inject power back into the grid. Power companies started complaining about their profits when they had to actually pay the users for their power that they generated so now home power generating houses get paid pennies on the dollar for delivering power and reducing the power capacity needed by the power companies and of course the power companies didn't lower prices at all, so they are just sucking up the difference in pure profit.