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>> "Many consumers want to know how long it will take them to make back the upfront costs of solar" > my answer is that the payback is imediate, So if I pay $
by rdtsc 7mo ago
>> "Many consumers want to know how long it will take them to make back the upfront costs of solar"
> my answer is that the payback is imediate,
So if I pay $35k for an install, I get a $35k check the first time I connect it to the grid? Pretty sure it doesn't work that way. But it would be a nice subsidy from the government if they were really motivated.
I guess you're saying you start to feel good and validated to have spent the money by seeing _some_ savings every billing period. It's hard to argue with feelings of course, but that's not not the original concern. People want to know how long is it going to take: 1, 5, 10 years or ... never (if panels degrade or break before it will never pay off) to pay off their investment.
- phyzome 7mo agoFrom the article: > According to Solar Power Europe, it takes an average of two to six years to recoup the cost of the system, depending on what you paid for it, its size and where you mount it. And then it just keeps working for decades. There's degradation, but even after 25 years I believe it's down to maybe 85% output, which is still huge for something with essentially no operating costs.
- otherme123 7mo agoPanel degradation is very easy and cheap to fix. Our original panels costed about $2,000 each 400W (made sense in our circumstances, recoup in 7 years). After a couple decades we just added 2kW more power for about $300. In another couple of decades you will buy the same for less than $100 probably. The fun part is that we might never recoup the cost of our gasoline backup generator, as it only worked for about 10 hours in 30 years. Anyone that worries today about degradation has zero real interest in this stuff, just complains for the sake of complaining.