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This is why I didn't invest in solar yet. Even with subsidies, it looked to me like they would take far more than double the time to pay for themselves than it
by TallGuyShort 7y ago
This is why I didn't invest in solar yet. Even with subsidies, it looked to me like they would take far more than double the time to pay for themselves than it would for the price to cut itself in half based on current trends. Might as well wait a few years.
- jfrankamp 7y agoI think it might be time to look again? Cost of panels is extraordinarily low and cost of installation (e.g humans) is not on a similar curve. I looked at price/watt and went ahead and installed. The payoff period is ~11 years, 1 1/2 years in. Warranted to 20. You could take panel price to zero and it wouldn't have changed the math much.