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I never understood the economics of these. Say a balcony panel would generate $X worth of electricity for me over the next 5 years. Surely someone who can place
by recursivecaveat 6mo ago
I never understood the economics of these. Say a balcony panel would generate $X worth of electricity for me over the next 5 years. Surely someone who can place the panel on a roof or something, where it is not shaded by a giant building half the day, can generate like $3X from it. It can be part of a bigger installation too, so labor is better amortized. Given that the supply of people with roofs is far from exhausted why would the price of panels be at a level where $X instead of $3X is a reasonable return? Basically you are bidding for panels against an unlimited supply of people for whom the panels are much more valuable than to you, no?
- fhdkweig 6mo agoThis is primarily for renters of apartments who aren't allowed to alter the roofs. In the US, labor is more than half the cost of a rooftop installation which is hampering their adoption. The balcony solar has no labor cost at all and if the tenant needs to move, they can take it with them to their next rental so they won't lose their investment.