this post was submitted on 23 Apr 2024

49 points (98.0% liked)

Australia

3523 readers

73 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

The Environment, post it to Aussie Environment
Politics, post it to Australian Politics
World News/Events, post it to World News
A question to Australians (from outside) post it to Ask an Australian

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

When posting news articles use the source headline and place your commentary in a separate comment

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 1 year ago

MODERATORS

lodion@aussie.zone

unionagainstdhmo@aussie.zone

dalekerrigan@aussie.zone

Fluid@aussie.zone

bestusername@aussie.zone

eatham@aussie.zone

49

Australia's first solar garden sprouts in Grong Grong, taking the renewables boom to the community (www.abc.net.au)

submitted 5 months ago by hanrahan to c/australia@aussie.zone

13 comments fedilink hide all child comments

cross-posted from: https://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.

you are viewing a single comment's thread
view the rest of the comments

[–] Aurenkin@sh.itjust.works 2 points 5 months ago (1 children)

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.

[–] UnfortunateDoorHinge@aussie.zone 2 points 5 months ago

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.