On a patch of earth 'big as a Bunnings car park', renters get to muscle in on the solar boom
www.abc.net.au
A five-hour drive from Sydney, a community garden of sorts has sprouted. But instead of sharing tomatoes or lettuce, "gardeners" harvest solar energy. And it's already a hit with people otherwise excluded from the rooftop solar boom.

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.

  • Aurenkin
    2·
    8 months ago

    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·
      8 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.