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

[AlbertaFarmer5]

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.

Above and beyond the subsidies, and favourable terms for selling unwanted power back to the grid at all the wrong times, the biggest factor that destroyed any hope for profitability for solar panels ( as if they there ever was a business case), is interest rates. All sorts of folly is possible at virtually 0% interest rates. At non zero interest rates, all of these ponzi schemes collapse under their own weight. All of the costs are up front as opposed to fossil fuel generation.

Meanwhile, using the numbers provided by Chuck himself, just the capital cost including financing of a solar installation would be higher than the actual electricity costs in the province of Saskatchewan. That is on a private yard site. How much more does it cost to install them on leased farmland in a commercial scale operation, with employees, maintenance, snow clearing, clean up and recycling costs, liability, insurance, dividends to investors etc.?

Yet Chuck keeps telling us renewables are the cheapest generation. His own numbers prove otherwise.

[Guest]

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.

Is it true Sask power won’t buy excess power on new contracts?
Don’t know , just asking?

[Hamloc]

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.

Chuck2 I had a look at Sask Power’s sight. Pre 2019 power produced over consumption is credited on a one to one basis but no price per kwh is given. Going by your previous posts I assume that price is 14 cents a kwh. Contracts signed 2019 onward Credit power produced at 7.5 cents a kwh, a substantial decrease. In fact below what you always quote as your cost of production of 8 cents a kwh. Is this why you haven’t responded yet?

[Guest]

Got quiet in here?

[Hamloc]

Got quiet in here?

Yes, Chuck2 and Newguy have left the building.

[AlbertaFarmer5]

Yes, Chuck2 and Newguy have left the building.

The boss said no overtime this weekend.
So, being good union guys, they refuse to work.
Will be back with fresh insults on Monday.

[Guest]

Is it true Sask power won’t buy excess power on new contracts?
Don’t know , just asking?

Question chucky?

[chuckChuck]

Weekend away. You should try it. It will be good for you.

I paid cash for my solar system. No need to include finance costs if you have spare cash. Need to account for lost opportunity costs. But if farmers did that they most would call the auctioneer! LOL

It isn't clear whether Sask Powers only credits all power generated at 7.5 cents or just the amount produced above consumption. Our credits last for 3 years then we go back to zero and start over again.

I will contact them and get back with the results.

[jazz]

I paid cash for my solar system. No need to include finance costs if you have spare cash. Need to account for lost opportunity costs. But if farmers did that they most would call the auctioneer! .

This is absolutely hilarious. You spent $75-100K cash on a system with no residual value at the end. Thats the most uneconomic virtue signal I have ever heard of.

Little math for you; $75K buys you 1500 shares of Enbridge stock which pays you $562 per month. Is your farm power bill more than $562 per month year round.

Insanity.

[Hamloc]

Weekend away. You should try it. It will be good for you.

I paid cash for my solar system. No need to include finance costs if you have spare cash. Need to account for lost opportunity costs. But if farmers did that they most would call the auctioneer! LOL

It isn't clear whether Sask Powers only credits all power generated at 7.5 cents or just the amount produced above consumption. Our credits last for 3 years then we go back to zero and start over again.

I will contact them and get back with the results.

In rereading Sask Power’s policy it appears the 7.5 cents only applies to the net amount produced above consumption.

At present a 25000 watt system would cost $75000. The opportunity cost on that money today would be roughly 5% as if you had the cash you could put it in a 5 year GIC at around 5%. That amounts to $3750 per year for the next 5 years. More than the $2100 projected savings due to the difference in per kilowatt cost of electricity of 14 cents to 8 cents on 35000 kwh. As Jazz points out, at the end of 25 years, you have nothing left but spent panels, what would you have in 25 years if you had invested the $75000? In Alberta if you install a grid tie system it is supposed to be sized in relation to your average electrical consumption per year, no idea if that applies in Saskatchewan. Still not convinced Solar has much value in Alberta in the middle of winter when there is only 8 hours of sunlight and my power usage is 3 times what it is in June and July.

[chuckChuck]

Power rates have increased about 3% per year over the long term so you need to factor that into the calculation over 25 years. Also the panels have some value for carbon credits.

Panels can be replaced with more efficient ones when the time comes, so the mounting system infrastructure and wire will still have some value.

We have many millions of dollars of equity, I am not worried about a very small investment in solar PV.

Most people have a way more tied up in their recreation toys that pay nothing.

[Hamloc]

Power rates have increased about 3% per year over the long term so you need to factor that into the calculation over 25 years. Also the panels have some value for carbon credits.

Panels can be replaced with more efficient ones when the time comes, so the mounting system infrastructure and wire will still have some value.

We have many millions of dollars of equity, I am not worried about a very small investment in solar PV.

Most people have a way more tied up in their recreation toys that pay nothing.

Certainly curious if carbon credits apply in Alberta. Affordability of Solar panels is created by Government subsidy and by the onerous carbon tax not by real value!

[chuckChuck]

Certainly curious if carbon credits apply in Alberta. Affordability of Solar panels is created by Government subsidy and by the onerous carbon tax not by real value!

Bullshit Hamloc!

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.

[Hamloc]

[QUOTE=chuckChuck;576187]Bullshit Hamloc!

Struck a nerve did I? All I can tell you is in Alberta the more Solar and Wind they add to the grid the more expensive electricity becomes. Over 25% of Alberta’s generation capacity is Wind and Solar now and electricity is more expensive than at any time in Alberta’s history. I can assure you if the federal carbon tax did not exist and the former NDP government had not legislated the early retirement of coal generation, electricity would be cheaper. That simple.

As illustrated above the cost of installing a solar system today due to higher interest rates makes the cost of a solar system much less affordable for homeowners or farmers.

[chuckChuck]

[QUOTE=Hamloc;576190]

Bullshit Hamloc!

Struck a nerve did I? All I can tell you is in Alberta the more Solar and Wind they add to the grid the more expensive electricity becomes. Over 25% of Alberta’s generation capacity is Wind and Solar now and electricity is more expensive than at any time in Alberta’s history. I can assure you if the federal carbon tax did not exist and the former NDP government had not legislated the early retirement of coal generation, electricity would be cheaper. That simple.

As illustrated above the cost of installing a solar system today due to higher interest rates makes the cost of a solar system much less affordable for homeowners or farmers.

Did you forget the price of natural gas also went up Hamloc? LOL Gas is the biggest supplier of electricity in Alberta isn't it?

Plus Alberta's electrical system is deregulated and they charge what the market will bear.

Rates for farmers are cheaper in "socialist" regulated Saskatchewan.