My grid linked solar power plant is up and running as of yesterday.
It has little display panel on the inverter where you can see the
cash being ratcheted in.
Caching,caching,caching. (cash register noise:-)
As well as supplying my own power through the day, I am supplying
several of my nieghbours. My home is now a net energy exporter. (And
Maybe we will break away and form our own state, free of our lying
We would have to sit in the dark at night of course.
They were a bunch of wankers who came to fit it. Clueless. I had to
give them a hard time. But I am good at this.
I can lie out in the garden now and close my eyes and imagine pound
notes floating down from the sky and being sucked into my roof top
array and transferred to my bank balance,
Whatsiss? I see a little cloud drifting over, casting a shadow on
GO AWAY, GO AWAY!!!
how about some numbers,
how many kW does your system produce peak?
how many kWh do you use a day?
how much did it cost you to install?
what subsidies did you get?
how long will it take you to break even?
Article in local paper about installing system in a church.
They said half the cost of $738,000 was subsidized by a state grant and
it would pay for itself in 10 years.
There was a similar article about a home owner doing it a few years ago.
Can't remember subsidy but they said it would take 30 years to recoup.
meanwhile,the solar cells last only 20 years....,and there's no accounting
for worn out or bad batteries(that last much LESS than 20 years),or
failures in the DC-AC inverter.
Plus an added fire hazard.
Oh,and maintenance on the batteries and cleaning of solar panels.
WHAT sort of "warranty"?
Do they guarantee a minimum power output for a given solar input for up to
25 years? Or does the power output decline with age,from Day One?(As I
believe.) I suspect they're figuring the usual owner will not notice the
decline.(until they get the bill for replacement panels...and are still
paying for the originals!)
WRT inverters,what good does a warranty do when your inverter fails when
you need the power? How long before a replacement is sent?
does the warranty cover the loss of revenue because you're wasting the
power generated by your panel array and can't sell it to the utility,and
have to buy power from the utility or go without?
what if the inverter starts a fire when it blows out? does the warranty
cover that loss? does your homeowner insurance cover that sort of loss?
As I've said before, you need to take a basic course in economics.
It is the GOAL of every indivdual participant in free economies
to make the most profit possible. However, as soon as you have
more than one supplier, the price starts to come down as they
then compete with each other. Those initial high profits don't
last for long, because they attract MORE participants hoping
to make money too. An equilibrium is thus reached where
the profits are adequate to sustain the business and provide
a decent return to investors. If prices drop below that point,
participants start to leave that business and that in turn tends
to push prices back up a bit. If prices rise above that
equilibrium point, it attracts new participants that put downward
pressure on prices, pushing them back toward equilibrium.
Can you name us one monopoly in the USA
or western Europe that is not directly controlled by a govt, ie
or similar? I can't think of a single one here in the USA.
As a confirmed cynic, I regard the above more as wishfull thinking than a
reflection of the true state of affairs. If this were true than there
would never be booms, crashes and bubbles.
Agreed, there perhaps isn't a monopoly, but there are plenty of
oligopolies. Utilities, while heavily (and properly) regulated, oil and
gas companies, telecom, etc. While we can discuss advantages and
shortcomings to the endconsumer, they're there.
The above has nothing to do with booms, crashes, and bubbles.
It's in effect every day and you see it in everything from a loaf of
you buy, to where you get your car serviced, to buying a TV or a new
cell phone. There are many suppliers of all those goods and
services and you choose freely accordingly.
Booms and busts occur when free markets are driven
one way or the other by buyers and sellers in response to perceived
market conditions. As an example, in the recent housing bubble,
everyone got the idea that housing was a great investment, that
it could only go up. The government helped, by subsidizing real
estate with huge tax breaks, requiring lenders to make loans
in low income areas regardless of credit worthiness and keeping
interest rates very low.
In response to that, demand for housing increased, causing prices
to rise in response. Exactly how markets behave following the
most basic rules of economics.
Exactly, on the surface. Dig a little deeper and greed, stupidity and
abdication of responsibility played much bigger roles than "markets". But
I dont think we'll ever agree amongst all of us who bears the most
responsibility. Suffice it to say that the housing bubble wasn't uniform
over the US, and certainly not over all developed countries. Therefore,
either the markets were differentially manipulated, or some countries had
"better" regulation than others.
Or some states. I think (at least within the US) some areas had better
personal regulation. The majority of people did not get suckered in
because of their internal regulation more than government regulation.
"Even I realized that money was to politicians what the ecalyptus tree is to
koala bears: food, water, shelter and something to crap on."
Don't forget the clueless or greedy individuals who signed up for loans
they knew damn well they could not afford. I blame them as much as I
blame the hucksters that invited them into the tent. I could have gotten
paper for twice as much house as I bought, but saw no point in it. And
even with the housing crash, I think I could still sell this place for
as much as I paid for it. No profit, especially once you subtract out
repairs, interest, taxes, etc, but I am far from upside down. 'Blue
collar' houses didn't crash near as bad as McMansions.
Many were worse; no-doc loans with nowhere near the real income needed to
support the payments.
I put 50% down. I could *easily* have bought twice the house (and the one we
bought could be considered a McMansion - 2600ft^2). I never took a second on
a house, either. Other than an addition (garage) on our first house I never
pulled any money out of equity. That's just dumb.
I'd lose some, but I've also paid more off than it's gone down. I'm nowhere
close to the water line.
It's all about location. Most housing is now below the cost of replacement.
That can't last forever either.
These bubbles are not anybody's plot although there were people
exploiting the situation. There were some smart builders who saw the
end of the party coming as soon as 3q2006. They stopped building
"inventory" units (only building "pre-sold houses" with $50k down) and
they tried to avoid selling to "investors", generally defined as
anyone with 2 existing mortgages. This tended to preserve the
communities that they were developing and they did not have that many
foreclosures. Other developments where they used less discretion,
became ghost towns.
It is easy to say the bankers were the only greedy ones but you can't
ignore the greed of buyers who entered into contracts they had no real
way of honoring, in the hopes that they could "flip" the house at a
profit before they had to pay the higher "adjusted" rate they signed
The victims were the ones who bought a homestead in that inflated
market. I tried to talk as many of those people I could into renting
until things settled down. The smart ones did and I know one guy who
lived rent free for over 2 years while the house he rented went
through a protracted foreclosure process. In real life, he could still
be living there because it is still hung up in court but he had a
chance to buy a house at a price he couldn't refuse. He had 2 years
rent to put down on the house ... almost $40,000. He only paid $80k
for the house.
We had 125% equity loans here from the late 70s. I knew this was going
to crash eventually as soon as I saw that happening. They were not
even selling these loans for home improvements and other capital
outlays. They were saying "take that cruise you always wanted".
Houses had to sell for more because people owed more for them. When I
bought this house in 1984 it was a general rule that you could have a
house built cheaper than buying an occupied one.
At a certain point, I knew this could not last. It was only a pair of
cascading bubbles, the 90s stock market bubble, coupled with the real
estate bubble that kept it going so long but that made the crash so
much harder. We were really paying for the sins of two bubbles, not
just one. Without the deregulation of the 90s and the ability to
generate phony money out of thin air, we would have cratered in 2000
because there would not have been the capital for a real estate boom.
On 4/24/2011 10:00 AM, firstname.lastname@example.org wrote:
What is this "free market" thing you keep mentioning? If we had "free
markets" all of the pirate banks and Wall St folks who were involved in
mortgages and CDOs and other clever stuff would have been responsible
for their greed and gambling debts and their carcasses would have been
picked over by others. Instead we rushed to their aid with bailouts spun
with a "too big to fail" marketing campaign.
You mean our current socialism for big business and capitalism for
everyone else system?
Even in the case of Microsoft, it's not a monopoly. There are other
operating systems, most notably Apple with the MAC OS and Linux.
You can run those on a computer as well. There are also open
alternatives to the common Microsoft office apps. I expect
being a free thinking anarchist, you're probably using one or more
of those alternatives.
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