4 ms·

When will prices drop below $20k for a full install? I get so frustrated when I hear that the price keeps dropping, but the price for a consumer install hasn't

• dx034 9y ago
  Somewhere else in this thread people posted the cost. Labour is only 10%. Most is marketing and supply chain, so if you buy them directly from the manufacturer and hire people to install them it should be much cheaper (~30-40%). Not sure if that's possible though.
• mikekchar 9y ago
  I suspect a lot of it has to do with housing prices where you live. It's a pretty easy upgrade to a house, and adding $20K to the mortgage for most houses these days is trivial. If you are selling, then you can probably even make a pretty decent return on investment because people are willing to tack on such "small" amounts when they buy the home. So until solar panels become a standard that everyone expects in a home, or until the next big market crash, I suspect solar installations will have inflated price tags.
  • josefresco 9y ago
    20K turns into roughly 33k in 30 years. I think trivial is a relative term.
    • mikekchar 9y ago
      Trust me, I'm with you on that on :-) But I think most people who are plonking down $1 million on a house will not notice an extra $20K on the price tag, but will notice solar panels.