SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-24 months agoHow do Texas residents afford electricity during high-demand?message-squaremessage-square124fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-24 months agomessage-square124fedilinkfile-text
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
minus-squarethr0w4w4y2@sh.itjust.workslinkfedilinkarrow-up0·edit-24 months ago $100k that’s ten times what it costs to install domestic solar, battery storage across all of Europe including major cities. Why is it so expensive? Panels are ~$200 each online and an inverter is $5k for a really good one. A quick google search shows prices more in line with my expectations (sources: https://www.forbes.com/home-improvement/solar/solar-panel-costs-texas/ and https://www.energysage.com/local-data/solar-panel-cost/tx/)
that’s ten times what it costs to install domestic solar, battery storage across all of Europe including major cities. Why is it so expensive? Panels are ~$200 each online and an inverter is $5k for a really good one.
A quick google search shows prices more in line with my expectations (sources: https://www.forbes.com/home-improvement/solar/solar-panel-costs-texas/ and https://www.energysage.com/local-data/solar-panel-cost/tx/)