When it comes food price inflation in Canada, grocery stores aren’t the only issue

[chuckChuck]

Start with my own farm Solar PV system! 8 cents vs 14 cents per kwh from Sask Power. Which part of that don't you understand? LOL

Then look at what at what the International Renewable Energy Agency says:

https://www.irena.org/News/pressreleases/2023/Aug/Renewables-Competitiveness-Accelerates-Despite-Cost-Inflation

Global power sector saved fuel costs of USD 520 billion last year thanks to renewables, says new IRENA report

Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity.

Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) today shows that the renewable power added in 2022 reduced the fuel bill of the electricity sector worldwide. New capacity added since 2000 reduced the electricity sector fuel bill in 2022 by at least USD 520 billion. In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up to USD 580 billion.

In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants. Without the deployment of renewables over the last two decades, the economic disruption from the fossil fuel price shock in 2022 would have been much worse and possibly beyond many governments ability to soften with public funding.

[AlbertaFarmer5]

And yet another chuck and af5 little bıtch fight

Who am I supposed to debate with? You are no fun because you just delete the entire thread whenever I challenge your ideas.
The rest of Chuck's CWB comrades seem to have abandoned him to his own devices.
Not much fun debating with people who are on the same side.
So I'm stuck with Mr lol.
If anyone who has any debating skills greater than calling their opponent a flat earth supporter wants to come and join the conversation, I will be happy to have a civil debate with them. But until then, I am stuck with Chuck. At least he is highly entertaining.

[shtferbrains]

25 kw of solar PV installed, 35,000 kwh per year on average at 8 cents per kwh. Sask Power rate 14 cents per kwh.

Questions?

Thank for offering to answer questions.

We use too much power here and are looking at alternatives.

If I install a 25kw solar system it looks like about $3 per watt? More or less $75k?

So if using 35000kw per yr we can save about $2100 on grid tye with Sask Power?

[AlbertaFarmer5]

Thank for offering to answer questions.

We use too much power here and are looking at alternatives.

If I install a 25kw solar system it looks like about $3 per watt? More or less $75k?

So if using 35000kw per yr we can save about $2100 on grid tye with Sask Power?

Can you get mortgage rates on a solar installation? Or would rates be higher?

Based on 25 year term, at current interest rates of 6%, annual payments would be $5760.00

That is assuming no ongoing maintenance and upkeep costs. No resale value after 25 years.

So, it costs $5760, in order to save $2100. Seems like a bargain to me.

[jazz]

If you went to a bank to finance this folly they would laugh you out of the room. Or maybe they will lend you enough money to hang yourself with stupidity.

A capital outlay that will make zero money, likely have to be subsidized with govt funds and a back tie to the provincial grid, has no residual value at the end and likely with a high cost for decommissioning.

Phone up a equipment leasing company and see what rates you get. It will be 9% for something as unproductive as this.

If you have $75k laying around go buy Transcanada stock and it will pay your power bill for you.

[chuckChuck]

Thank for offering to answer questions.

We use too much power here and are looking at alternatives.

If I install a 25kw solar system it looks like about $3 per watt? More or less $75k?

So if using 35000kw per yr we can save about $2100 on grid tye with Sask Power?

Take a look at the latest Sask Power net metering contract because the older one I have is more favourable than the one they offer now.

I will take a look and get back to you.

[cropgrower]

Start with my own farm Solar PV system! 8 cents vs 14 cents per kwh from Sask Power. Which part of that don't you understand? LOL

Then look at what at what the International Renewable Energy Agency says:

https://www.irena.org/News/pressreleases/2023/Aug/Renewables-Competitiveness-Accelerates-Despite-Cost-Inflation

Global power sector saved fuel costs of USD 520 billion last year thanks to renewables, says new IRENA report

Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity.

Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) today shows that the renewable power added in 2022 reduced the fuel bill of the electricity sector worldwide. New capacity added since 2000 reduced the electricity sector fuel bill in 2022 by at least USD 520 billion. In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up to USD 580 billion.

In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants. Without the deployment of renewables over the last two decades, the economic disruption from the fossil fuel price shock in 2022 would have been much worse and possibly beyond many governments ability to soften with public funding.

What may work in United Arab Emirates is still useless in Canada , wind and solar is useless when needed most on a -35 canada winter night

[Hamloc]

Can you get mortgage rates on a solar installation? Or would rates be higher?

Based on 25 year term, at current interest rates of 6%, annual payments would be $5760.00

That is assuming no ongoing maintenance and upkeep costs. No resale value after 25 years.

So, it costs $5760, in order to save $2100. Seems like a bargain to me.

You missed one point AB5. 35000 kwh at 14 cents a kwh= $4900. If financing is $5760 the returns from electricity wouldn’t cover the financing. Look at it another way. $5760/35000 kwh= 16.45 cents a kwh. And Up-Chuck you claim 8 cents a kwh hour. You must have received quite a subsidy.

[Hamloc]

Thank for offering to answer questions.

We use too much power here and are looking at alternatives.

If I install a 25kw solar system it looks like about $3 per watt? More or less $75k?

So if using 35000kw per yr we can save about $2100 on grid tye with Sask Power?

Looks like a 25 kwh system using 440 watt panels requires 57 panels. The solar array would be roughly 19 feet x 71 feet. System this large would make the most sense on the ground as opposed to a roof. But as pointed out by AB5 if financed with zero down $5760 a year to pay for it over 25 years at 6%. 6% would be a very good interest rate as most machinery loans are over 7% now.

[AlbertaFarmer5]

Looks like a 25 kwh system using 440 watt panels requires 57 panels. The solar array would be roughly 19 feet x 71 feet. System this large would make the most sense on the ground as opposed to a roof. But as pointed out by AB5 if financed with zero down $5760 a year to pay for it over 25 years at 6%. 6% would be a very good interest rate as most machinery loans are over 7% now.

Thanks for the real world interest rates. I'm out of the loop on financing costs on equipment.

Considering that farm machinery is easy to repossess, and has residual value compared to a solar installation, and a business case can be made for farm machinery, which does not exist for solar panels, I would expect the rate to be higher than farm machinery.


In case it wasn't clear, the $2100 was the difference between the 14 cents and 8 cents, the potential savings from having solar. barely covers 1/3 of the annual payments.

But as Chuck has reassured us, it is about the same price as a new pickup truck, therefore it is a good deal.