Submitted 3 weeks ago by hanrahan@slrpnk.net to australia@aussie.zone
https://www.abc.net.au/news/2024-04-23/australia-s-first-solar-garden-/103657946
cross-posted from: slrpnk.net/post/8872514
The ‘solar gardeners’, who mostly live in cities hours away, are getting returns of $505, possibly higher, locked in for the next decade, depending on the electricity market
The returns are credited directly to their electricity bills.
Just to clarify the dollar figures as I was a bit confused just reading the post text:
Each ‘plot’ cost $4,200, which buys approximately three kilowatts of solar panels
will get at least $455 off their power bills for the next decade, with $505 a year for the first five years locked in.
So a non refundable return of over 10% with an expected break even at year 10. Hmm, that’s not a good investment. Also I adds no value to your property.
I’m gonna call it, the farmer put up $100k in solar and sold it for $200k with a dividend plan for what it produces.
maculata@aussie.zone 3 weeks ago
That place name has got to be one of the most aesthetically displeasing ones I’ve ever heard.
abhibeckert@lemmy.world 3 weeks ago
The name means “bad camping ground” in the local Wiradjuri language.
maculata@aussie.zone 3 weeks ago
Thanks for the info.
beeng@discuss.tchncs.de 3 weeks ago
How about Wagga Wagga? Gol Gol? Minyip?
Baku@aussie.zone 3 weeks ago
Albacutya? Patchewollock? Pigick?
CatherineFlick@mastodon.me.uk 3 weeks ago
@beeng @maculata I always liked Tumbi Umbi and Kangy Angy, reminds me of Tellytubbies
maculata@aussie.zone 3 weeks ago
I’m pretty sure Wagga Wagga is where Fozzy Bear lives.
RootBeerGuy@discuss.tchncs.de 3 weeks ago
Gronk!
CMGX78@sh.itjust.works 3 weeks ago
“don’t need a gun, I’ve got a Donk!”