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I went solar Dec 2019. My 20 and 21 ele bill was reduced by 75%. My ROI should be between 13-16 years depending on energy cost increases. So to make it work you need to be strong green or live in your house 20+ years. If you have any questions PM me.
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Whole House Solar
This is something you must determine based on Return On Investment [ROI]. A solar array for a whole house installation can run upwards of $20,000 depending if you have battery backup in addition to adding a second electric meter to sell back any excess electricity your system produces.
You must also consider the maintenance of the system, meaning cleaning and replacement of underperforming solar panels. In addition the condition of your roof materials should be assessed. If you have a new asphalt shingle rood you should be okay for the short term, however if you spring a leak you may incur additional costs to remove/replace the solar panels to repair the leak from beneath them. Don’t think because you install a system it’s all savings of the electric bill. There are many costs to consider, one being how much electricity you consume and how many years it will take to recover the cost of the installation and maintenance. If it is going to take 15-20 years to recover those costs will you keep the property that long? How much will you save in electricity costs versus how much will you spend to install the system. Solar is a great alternative but perhaps a less expensive system to supplement your electricity usage is a greater benefit versus a whole house system. You have to crunch the numbers and always remember to consider the ROI. |
I have 15 kw of solar, been in service for 7 years
A complicated question going solar. Was going to the moon worth it? Was your first computer worth it? Here are some facts: they work. They work so well Duke and Seco are building their own solar farms. My return on investment has been 8%. Yeah, some years the stock market does better, but every year I need electricity. Will they pay for themselves: yes, in 12 years. When will the new granite my wife buys break even? The answer to both is when you sell the house. Is distributed power better for everyone? Yes, otherwise we would have one big power plant, vs 1000's smaller ones. The panels cover the shingles that wear out first. So the roof lasts longer, but insurance companies decide when roofs are replaced in the Villages. So it will cost you a little more to remove the panels and reinstall them during the roof replacement. I produced 100% of my electrical needs last year. But most people will for many reasons (space, location roof style, money) install only a few panels. Saving some of their energy needs. If you cut your eclectic bill 25% with solar, what is the controversy? If you add better insulation you can reduce your energy needs too. Some people just want to hate solar.
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Yes I have whole house solar and batteries! The house runs on solar during the day and batteries during the night! In the last couple of months had a $30 bill only!
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Tesla
That’s the only company I would use And free charging for the Tessy And without the power wall it’s crazy you have to have a battery storage |
Thank you, everyone for your replies. I appreciate them.
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We just bought our house in August 2021 and completed solar December 2021…. So completely new customer with almost 10 kw system (which can produce about 7+kw to alternating current hourly in ideal conditions. My quick thoughts: I would note we also get enough solar on cloudy or even rainy days to cover most of our use during the day which surprised me a bit.
1. Financially, this was a toss up for us cost, up front & recoup over time. The tax credit and some gains we had on a house sale last year probably put us over the top in deciding to do this. Note- the tax credit is not paying less tax, only paying it to the solar company as part of the project vs. the IRS. I misunderstood this initially. We plan to be here for awhile and the roof is only a year old - so we figured if there was any time to do this - it was now. 2. We used PPM (Power Production Management) and I was very impressed with them from beginning to end. Professional, timely, responsive, knowledgeable- I would definitely recommend. 25-year warranty on panels & inverters… I think a 10 or 15 year roof warranty on the install work. 3. Only time will tell the offsets - but our first bill from SECO was a credit overall - I am not certain how this will fare overall need more time in the summer etc., 4. Many others have cited the House & Senate bills pending — agreed, this could very much change the dynamic depending on the recoup agreements for credit. It appears to put existing owners a 10-year period at old agreement - but this would likely be very bad for all customers (especially newer ones), potential customers and the solar industry as a whole. Respectfully, DB |
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Solar Panels
I have an 1800 sq ft home with 11 solar panels. Seco gives me on average $25 per month back. I've had them for 4 yrs now & I'm not happy.
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By the way it is the opinion of most economists that corporations really do not pay taxes but pass it on in the form of higher prices. However have you considered that business take their profits and invest them in order to grow their business and provide more jobs? Or they pay dividends to their investors and that must is used for investments or buying stuff that also creates jobs. Do you really think govt uses our money more efficiently than businesses? |
They need to replace the whole roof even with solar panels protecting part of it
Hello. Just validating that when we had severe hail damage to our roof in Colorado, all of the solar panels remained in perfect condition though the roof needed to be replaced. Feathering shingles wasn’t an allowable option. 9k to have the panels removed, and stacked in our back yard for 30 days, and then put back on when the new roof was completed. Insurance covered it. That was 1/3rd of the cost of the project.
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Thank you all again for your replies. Appreciated.
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