Quote:
Originally Posted by retiredguy123
Rooftop panels do not make economic sense in Florida. Typically, the payback period is close to 20 years, and when you reroof, you need to pay thousands of dollars to have the panels removed and reinstalled. They can also cause your roof to develop leaks. The companies that sell these systems lie to customers by presenting a payback calculation that totally ignores the time value of money, which at today's interest rates, doubles the payback period. They also offer a 25-year parts and labor warranty, which no small company could ever be able to fulfill. Another lie is that solar panels will increase the value of your house. It won't. Why should homeowners install solar panels on their roof, when the power company could do the same thing at their power plant with fewer problems?
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The bigger deal is that Florida doesnt sell SRECs. That was a 12-18000 dollar yearly benefit for us depending on what the selling price was.