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The last time I had an estimate for solar, the break-even was 18 years, so it made no sense whatsoever, financially speaking. When you mention after 25 years t
by vz8 6y ago
The last time I had an estimate for solar, the break-even was 18 years, so it made no sense whatsoever, financially speaking.
When you mention after 25 years they would have paid for themselves many times over, based on what criteria? I'd love to revisit this topic -- power costs in Florida are very high.
Edit: Just curious on why the downvotes? Not enough context? Negative sentiment? (not intended, genuinely curious about revisiting solar)
- shiftpgdn 6y agoWhat is "very high"? Much of the reason it takes so long to payback is labor, permitting costs, etc. If you reduce or remove those costs payback is in the order of 5 years at 10 cents/kwh. People will point out that it's silly to factor out labor and permitting but those costs drop radically on grid scale 10MW+ systems where as they make up nearly 50% of the cost on a household scale system.
- vz8 6y agoVery high: for the hottest months of the year, power is $1100+/mo. Average for the last 24 months is just under $900/mo. It's a larger 1-story home: we've tried to address insulation, low-e glass, and AC SEER ratings. Working and teaching from home = consistent cooling demands throughout the day, every day.
- chefkoch 6y agoFor someone from Europe that sounds insane.
- yaacov 6y agoIt’s just as insane in the US. 10x higher than average in Florida and 30x my small apartment in Washington state.
- shiftpgdn 6y agoYes, but what is your per kwh cost?
- yaacov 6y agoThat’s by far the highest residential power bill I’ve ever heard of anywhere. It’s 10x the Florida average!! Either you have a poorly insulated 25k sqft mansion or your neighbors are siphoning off your power for an indoor weed farm.
- vz8 6y agoContext: 5000 sf, 12' ceilings. 4 HVAC units. Large family, lots of animals, always at home, 9-10 workstations + 1 rack server running. Thermostats are set around 75-76F.
- SECProto 6y agoThe first thing I'd be considering there is air leak detection, followed by a ground source heat pump. Having a bill that high implies on the order of 9000 kWh used per month, which is crazy.
- osamagirl69 6y agoThe cost of solar has come down _a lot_ in the last few years. At this point the cost of a solar installation is dominated by the cost of the humans who have to deal wit the city to get permits and physically install the components on the roof. For a 6kw system (typical for a single family house in California) the cost of the panels is about $3000, the inverter is about $2000, the auxiliary components (racks, wiring, disconnect, etc) is about $1000. If you are doing it on new construction the install is basically free, but as a retrofit hiring a contractor that will work with the city to get the permits and install the panels is about another $1,000-$10,000 depending on who you talk to and how complicated the installation is (some people need a new electrical service for their house, which runs almost $5k in itself, etc) That system should produce about 10,000 kw*hr of energy over the year, so the payback excluding installation would be under 5 years.
- vz8 6y agoThanks for this food for thought. I've commented a bit on costs in sibling threads. Our home is relatively large (square footage and high ceiling heights compound that) and since we both work and teach at home, the cooling systems are in constant demand. Appreciate the ballpark figures; time to revisit the idea.
- SECProto 6y ago> I'd love to revisit this topic -- power costs in Florida are very high. Power /bills/ may be very high (due to hot/humid climate necessitating extensive air conditioning). But a quick google shows me power /rates/ in FL are around $0.11 per kWh - which is very low on a global scale (and on the low end of average for the US[1]). Solar costs are coming down on a per-kW basis, so the per-kWh electricity cost is the one you need to compare to find when it breaks even. [1] https://www.electricchoice.com/electricity-prices-by-state/ https://www.electricchoice.com/electricity-prices-by-state/
- vz8 6y agoThe per kWh cost may be low, but the high humidity and heat = constant cooling demand. We work and teach from home (pre-Covid) so the cooling systems are in use throughout the day.
- thechao 6y agoThis is my problem; my power is ~7.5¢/kWh; my walls are 12” thick (6x2 studs + drywall + facade), so my electric bill only runs about 120$/month, averaged. I have a 68$/month fixed flat hookup fee. That means I’ve got to get solar to “pay out” at ~52$/month.