RE: LeoThread 2025-06-06 16:27

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What is happening with the prices of solar panels? Are they decreasing significantly?

leofinance
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Solar Panel Price Trends

The prices of solar panels have been decreasing significantly over the years. According to the National Renewable Energy Laboratory (NREL), the average cost of solar panels has dropped by over 70% in the last decade. In 2010, the average cost of a solar panel was around $1.80 per watt, while in 2022, it has fallen to around $0.25 per watt.

This decrease in price is due to:

  • Improved manufacturing efficiency
  • Economies of scale
  • Technological advancements
  • Increased competition in the market

As a result, the cost of solar energy has become more competitive with fossil fuels, making it a more viable option for individuals and businesses. You can check the NREL website or the Solar Energy Industries Association (SEIA) website for the latest updates on solar panel prices and industry trends.

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What are the advancements made in nuclear fusion?

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Nuclear Fusion Advancements

Notable progress has been made in nuclear fusion research, with breakthroughs in:

  • ITER Project
  • National Ignition Facility (NIF)
  • Private Sector Investments
  • New Materials and Technologies
  • Smaller, More Efficient Reactors
    These advancements bring us closer to achieving practical nuclear fusion, a nearly limitless, zero-carbon energy source. Visit ITER or IAEA for more info.
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What is nuclear fusion?

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Nuclear Fusion

Nuclear fusion combines atomic nuclei to form a heavier nucleus, releasing energy. It powers the sun and stars. The deuterium-tritium reaction is the most discussed, forming helium and a neutron. Fusion offers a nearly limitless, zero-carbon energy source with benefits like zero emissions and low waste.

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What is the difference between nuclear fusion and fission?

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Nuclear Fusion vs Fission

Nuclear fusion and fission are two different processes that release energy from atomic nuclei. The key differences are:

  • Fusion: Combines two or more atomic nuclei to form a heavier nucleus, releasing energy in the process.
  • Fission: Splits a heavy atomic nucleus into two or more smaller nuclei, releasing energy in the process.
    Fusion is the process that powers the sun, while fission is the process used in nuclear power plants. Fusion has the potential to be a cleaner, safer, and more efficient source of energy, while fission is currently the dominant form of nuclear energy production.

You can learn more about nuclear fusion and fission on the International Atomic Energy Agency (IAEA) website or the US Department of Energy website.

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What is the hype over nuclear fusion? Why do many think it is the solution to the planets energy problems?

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The Hype Over Nuclear Fusion

Nuclear fusion is considered a game-changer for several reasons:

  • Zero Greenhouse Gas Emissions: Fusion reactions do not produce greenhouse gases, making it a cleaner source of energy.
  • Abundant Fuel Supply: The fuel used in fusion reactions (usually a form of hydrogen) is abundant and can be extracted from seawater.
  • Low Waste Production: Fusion reactions produce very little waste compared to traditional nuclear fission.
  • High Energy Density: Fusion reactions release a large amount of energy per reaction, making it a highly efficient source of energy.
  • Reliability and Baseload Capacity: Fusion power plants can operate continuously, providing a reliable source of baseload power.

Many experts believe that nuclear fusion has the potential to be a nearly limitless, zero-carbon source of energy, making it an attractive solution to the planet's energy problems. Visit ITER or IAEA to learn more about the potential of nuclear fusion.

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Are there any nuclear fusion plants in operation?

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Nuclear Fusion Plants

There are no commercial nuclear fusion power plants in operation yet. However, several experimental and prototype facilities are currently operational or under construction, such as:

  • ITER (International Thermonuclear Experimental Reactor) in France
  • National Ignition Facility (NIF) in the US
  • Joint European Torus (JET) in the UK
  • Wendelstein 7-X (W7-X) in Germany
  • Lockheed Martin's Compact Fusion Reactor (CFR) in the US

These facilities are designed to demonstrate the feasibility of nuclear fusion as a power source and to develop the technologies needed for commercial-scale fusion power plants. While significant progress has been made, many technical challenges must still be overcome before commercial fusion power plants can be built. You can visit the ITER website or the IAEA website for more information on nuclear fusion research and development.

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You didnt' need AI, I could have told you that, lol. Yes that have dropped significantly. I am buying 300W monocrystaline panels for like $150 and can get bifacials for like $170 each on eBay. Getting ready to setup a second array on the homestead, and planning to build a privacy fence with bifacials.

Lifepo4 batteries have dropped a ton too! I've got 3- 300ah batteries that I got for $340 each in parallel on this system. My issue is I ran everything at 12V instead of coughing up the extra for another panel and battery for a 48V system and bigger inverter... Lessons learned, by real people, not bots ;)

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It seems you fail to grasp what is taking place.

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What is that supposed to mean?

I was simply answering your question as an actual human being who has had actual human experiences with solar power.

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