This expands upon Foleum's genre of solar energy, and about how we may be at the ideal time for full solar adoption and optimum price point for a green energy mining farm.
Below is a GIF that shows the estimate of the point of parity as the price of installed solar falls. Note that the total installed costs include the federal investment tax credit and any local rebates and tax incentives. These calculations and estimates come with several caveats. First, the above calculation assumes that PV owners are paid for their generation at standard electric rates in their area. This arrangement is typically known as net metering.
But there is a wide range of ways that utilities interact with customers who have installed solar PV. Some utilities may pay homeowners wholesale market rates for the excess electricity they feed into the grid from their panels, which tend to be considerably lower than retail rates. If utilities pay homeowners based on the wholesale rate, rather than the retail rate, solar is less economic.
This topic will continue to be expanded upon in later posts. It is a fairly important aspect of the project and deserves to be looked into by more detail. For info visit https://www.foleum.io
