Electricity prices might come down over time (renewables push down generation costs), natural gas prices won’t due to global demand for it.
Electricity prices might come down over time (renewables push down generation costs), natural gas prices won’t due to global demand for it.
Don't get me wrong, there are still issues here, like snow or back-to-back-to-back cloudy days. But the rate of a price change for solar has been pretty dramatic.
I installed a modest solar system (5kwh) in 2024 and was incredibly happy with the results. On any given 24 hour period it'd offset 40% of my electricity consumption (EV, hot tub being the big loads).
Last year I installed a cold climate heat pump. I'm incredibly happy with the switch from gas as my primary heat source. The solar now only covers ~15-20% of my consumption in winter.
So my solution this year will be to add more solar. In the two years since I installed mine prices have halved. I'm fortunate enough to be able to do a DIY install, properly permitted and inspected, for about $350/400w panel once you factor in inverters, mounts, etc.
It's an amazing time for affordable energy.
What I did was install solar with batteries and inverters that have the ability to never export power to the utility. That way I didn't have to tell them or seek their approval.
It's mostly unnecessary red tape and a broken market that cause the differences.
There's various studies comparing the two countries, Tesla did one and found various technical approach changes and permitting reforms. It suggests labor is 7% of the cost in the US. Soft costs around acquisition, sales and marketing can be 18%.