Friday, August 29, 2014

Renewable Energy Will Give Germany Free Electricity By 2028

How much will you be paying Greg Stumbo's friends for your Killer Coal electricity?

Think Progress:

According to Renew Economy, which picked up the report, the tipping point will arrive around 2020.

At that point, investing in a home solar system with a 20-year life span, plus some small-scale home battery technology and an electric car, will pay for itself in six to eight years for the average consumer in Germany, Italy, Spain, and much of the rest of Europe. Crucially, this math holds even without any government subsidies for solar power.

“In other words,” the report says, “a German buyer should receive 12 years of electricity for free” for a system purchased in 2020.

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