>Solar panels will pay for themselves in 25 years
>If others buy solar panels the cost of electricity will drop, thus the panels wont pay for themselves for ~50 years
Catch 22, what do?
Build or finance solar panels.
It's more to do with virtue signaling.
>>1433943
Capital markets follow the laws of supply and demand.
If markets tolerate a P/E of 30 they will invest in solar panels until energy prices drop to the point where you pay $25 for $0.83 a year, or $30 for $1 a year, then they will invest in something else.
In the real world energy prices fluctuate due to other factors, people may anticipate an increase in energy prices due to resource depletion for instance, in which case the solar panels will rise in value.
>>1433943
Call the Chinese and tell them they're about to get a raft of orders that will make them the most powerful country on the planet
It's purely virtue signalling, solar panels cause more pollution during their construction than they would ever account for during a lifetime of operation
>>1433943
I wouldn't bother ,what if the power converter box thing breaks within that 10 years? I know someone who has them and the box broke twice so far within 3 years
>>1433943
>solar panels only produces energy during sunlight
>majority of power is use on grid is when no sunlight
>pay for itself
it was always a bad investment.
what you're looking for is batteries.
>take electricity off the grid when cheapest
>add to grid for $$$ when expensive
pays for itself and is future proof and is "green" in that it promotes low value energy production (like solar) and devalues high cost energy production (like coal).