Conversation

“If you electrified everything in an American household, when you buy solar cells and put them on your roof, you’re paying for 20 years of energy upfront, and so then you’re paying a *fixed interest* payment.

So you’ve inflation proofed your energy inputs.

You’re depreciating the electric vehicle, stove and water heater, and in fact your cost of energy stays dead flat at your price of finance.

The #energyTransition is the substitution of finance for fuel”

https://overcast.fm/+oT_mRhNf0/10:42