Because of investment decisions, before GFC, to manufacture so much more PV, in Germany and Japan, also because USA(main peddlers of global FREE MARKETS) has now imposed punitive 30% tariffs on imports, Australia really is a lucky country. Chinese manufacturers could get into big trouble if they dumped product at less than cost in Europe, but not here, all our christmases have come at once, for anybody thinking of installing rooftop solar PV, it ain’t likely to get any cheaper than 55cents/W
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Not sure where you get 55c/kW from… The article you link to talks about $1200/kW.
Unless you are talking about 55c/kWh (ie: unit of energy). Still then, not sure how this has been calculated. Depending on your net present value and investment horizon, the value of the electricity coming out varies.
Unfortunately, none of that matters as, for grid-commected systems, all you can get for exported electricity now, in the absence of any half decent FiT, is 8c/kWh (although a handful of retailers are offering up to 16c/kWh.) So unless you can use the electricity generated in the home, solar will have to get pretty cheap before it becomes a good financial move once again! No matter what the calculated value of solar electricity is, it is only worth, to the customer, what rhe retailer is willing to pay for it (8 to 16 c/kWh), or the cost of the electricity it is offsetting in your home if you can use it during the day (approx 20 to 32 c/kWh).
Bring on cheap storage!
Obviously have just been merrily posting and not taking much notice of Comments. Time to make amends. But the link works, taking you to the original at Climate Spectator.