The Dark Side of Solar Power: Hidden Costs and Declining Profits
The heavy reality of solar power after 23 years. Hidden costs and declining profitability. Making long-term commitments without profits.
00:00:00 After 23 years of having solar panels, I realized the heavy reality. Solar energy is a long-term commitment and shouldn't be taken lightly. People's stories don't always focus on those who made the decision.
๐ After 23 years of having a solar power generator installed in my house, I realized the heavy reality of it.
๐ก Solar energy is the second most important decision after buying a house, and it can become a burden in the long run.
๐ซ Regardless of the benefits and improvements, solar energy is not an easy task to handle.
00:01:27 After 23 years of solar power generation at home, the speaker reveals a harsh reality. The cost of solar power systems has significantly decreased since their inception.
๐ The cost of solar power systems has significantly decreased over the past 23 years.
๐ฐ Solar power systems were very expensive in the past, but now they are more affordable.
โก The capacity of solar power systems has increased over time.
00:02:57 After 23 years of installing solar panels on my house, I learned the heavy reality. Solar energy prices have been consistently dropping. It's similar to investing in a declining market. It's like a consumer product. Cash is the best option.
๐ก The price of solar energy has been decreasing every year, similar to investing in a declining market.
โก Older solar panels with high installation volume and low efficiency cannot generate profit.
๐ Solar energy loans have a higher interest rate but cash payment is the better option for profitability.
๐ฐ Installation representatives can earn significant profits, especially for those who started early.
๐ People who graduate from the fixed purchase plan will no longer benefit from it after 2019.
00:04:32 A heavy reality was revealed 23 years after installing solar panels at home. The cost of panels dropped significantly, but newer installations saw declining profitability. The additional renewable energy fee was burdensome.
๐ Solar panel prices have become cheaper over the years, making installation more affordable.
โก People who installed solar panels between 2009 and 2013 had a good return on investment due to lower costs.
๐ฐ However, those who installed panels after 2015 faced decreasing profitability and additional fees.
00:06:08 After 23 years of using solar power, the heavy reality is revealed. There are hidden costs, maintenance, and eventual disposal. Even non-solar users bear renewable energy fees and tolls.
โก๏ธ The actual selling price of solar energy varies and can be influenced by various factors.
๐ฐ Even those without solar energy have to bear additional fees related to renewable energy and maintenance costs.
๐ Installing solar panels on rooftops may seem like a good idea, but it still requires regular maintenance and disposal costs in the long run.
00:07:39 After installing solar panels on his house, the speaker realizes that it's a long-term commitment with no profits. Despite the disappointment, he decides to make the best of it and slowly turn the negative into a positive.
๐ค Installing solar panels is a long-term commitment with high removal costs.
๐ Despite the heavy burden, the speaker plans to make the most of the solar panels.
๐ช The realization of the financial implications came after 23 years of solar power generation.
00:09:09 After 23 years of having solar power at home, the speaker reveals a heavy reality they were not informed about. Making decisions based on trends can burden you in the long run. People shouldn't easily indulge in consumer goods. They share their personal experience and encourage viewers to like and subscribe.
๐ After 23 years of having a residential solar power system, the speaker uncovers a heavy truth.
โ ๏ธ The speaker learned the importance of making careful decisions and staying informed about current trends.
๐ก The speaker warns against blindly investing in consumer goods, even with available information.
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