3 ms·
I researched historical rates in San Diego (upcoming solar install prework) and prices have increased an average of 5%/year for 10 years running. This felt like
by edmundsauto 4y ago
I researched historical rates in San Diego (upcoming solar install prework) and prices have increased an average of 5%/year for 10 years running. This felt like a reasonable assumption to me, although to be cautious I used 3%.
Rates will change! Energy doesn’t look like it will get cheaper, especially with EV fleet rollouts.
Accounting for planned 2 EV purchases at 10k miles/year, the largest system I can build on my roof has something like $150k savings against <$50k cost over 20 years.
That gives a lot of room for unexpected issues and feels like a wise bet to take.
- the_arun 4y agoYep, I missed counting energy rate increase. Would the output of solar panel degrade over time? Or is it constant?
- cinntaile 4y agoIt degrades and the amount of degradation is dependent on the PV technology used, but you can find the percentages online. You should still be at 80+% of the original output by the time you retire your panels (20-30yrs later).