New Solar Energy more expensive

The emergence of new technology is ALWAYS a good thing.

This is especially true if the new generation of product is CHEAPER and can do MORE for the same amount of dollars.

The current focus of this article is the new solar technology emerging from a company

"SMIT is a sustainable design start–up company founded on a new approach to developing technology for harnessing wind and solar energy"

who's product is the Solar Ivy.

What the company does NOT provide is the cost of this new solar 'leaf'.

The leaf is listed as:
20 x 25 cm
0.5 - 2 watts (according to the website 1 solar leaf will deliver a MAXIMUM of 0.5w
$10 - $15 per leaf depending on size of project.

SMIT says that 4,000 leafs are needed to generate 10kwh or 1/3 of the energy needed for an average home.

At the lowest cost ($10) $40,000 will be needed to supply 1/3 of the power needed for an average home.

HARDLY COST EFFECTIVE.

An average Australian family home may max out at $2000 per annum for the electricity bill.

$40,000 put into a managed fund returning 10% will still be more than 2 times more than a maxed out electricity bill.

Again, HARDLY COST EFFECTIVE.