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idontneedfame t1_j6wcagc wrote

Reply to comment by imhere4themcomments in No coal comeback: Europe’s renewable energy transition is in hyperdrive by Straight_Ad2258

According to Wikipedia, it's onshore wind. The large up front investments are true and the amortization period is longer than for fossil fuels but compared to the societal and long term/eternal costs of using fossil fuels and nuclear energy, the costs are neglectable

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WikiSummarizerBot t1_j6wcbfr wrote

Cost of electricity by source

>Different methods of electricity generation can incur a variety of different costs, which can be divided into three general categories: 1) wholesale costs, or all costs paid by utilities associated with acquiring and distributing electricity to consumers, 2) retail costs paid by consumers, and 3) external costs, or externalities, imposed on society. Wholesale costs include initial capital, operations & maintenance (O&M), transmission, and costs of decommissioning. Depending on the local regulatory environment, some or all wholesale costs may be passed through to consumers.

Energy return on investment

>In energy economics and ecological energetics, energy return on investment (EROI), also sometimes called energy returned on energy invested (ERoEI), is the ratio of the amount of usable energy (the exergy) delivered from a particular energy resource to the amount of exergy used to obtain that energy resource.

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imhere4themcomments t1_j6wkxgl wrote

“Costs are neglectable”. So will the bank forgive my loan on renewables? How silly are these comments?

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idontneedfame t1_j6wng74 wrote

well, if you have a "loan on renewables", you won't be paying money towards electricity production so you could use the money you saved to pay off your bank.

Neglectable in this case means that your long-term cost of conventional energy consumption is (very roughly) the same (give or take a few hundred over your lifetime, there are calulators online) as the cost of installing your own pv system.

if you want go to all the way and calculate the total economic value (think energy independency, avoided CO2 emissions, cleaner air, a future for your kids etc) producing your own power will be a lot cheaper.

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imhere4themcomments t1_j6woehz wrote

You’ll just be in debt your whole life often giving your home as collateral so you’ll be unable to move or pay for kids college or other necessities but I get what you’re saying. If you’re willing to go into debt and sacrifice other things for it (and you’re fortunate enough to get approved for a loan) then sure.

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idontneedfame t1_j6wv8iu wrote

you're right, this is obviously only something for people privileged enough to have their own house, good credit etc.

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