Solar panels for homes - door solicitor at my house again!

Bend Session

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  • Jan 3, 2017
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    Seems like every couple months, I get a door solicitor coming by my house asking if I want a quote for solar. I remember years ago, you had to pay big bucks up front to get panels. Seems now that the technology has improved, prices for solar have come down. But is the technology worth it? I don’t have a pool, or a Tesla, nor do I have air conditioning ( live 3 miles from the beach). My electric bill is around $100 a month.

    Has anyone got solar for their house? Was it worth it? Any suggestions?
     
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    Rubberhook2

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    I think you would need to figure out the monthly cost for the solar package in comparison to your $100 electric bill to determine benefit.

    I worked for a mortgage company in Orange County and during 2019, 2020 and 2021 we were averaging 400 closed loans a month. Easy money with sub 3% rates and people refinancing multiple times. With rates now above 6% that company is now selling solar...

    Go figure...
     
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    jer dog

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    Seems like every couple months, I get a door solicitor coming by my house asking if I want a quote for solar. I remember years ago, you had to pay big bucks up front to get panels. Seems now that the technology has improved, prices for solar have come down. But is the technology worth it? I don’t have a pool, or a Tesla, nor do I have air conditioning ( live 3 miles from the beach). My electric bill is around $100 a month.

    Has anyone got solar for their house? Was it worth it? Any suggestions?
    I don’t have it , but the ones I know have it
    Bought the whole thing, and they are saving money, leasing it a scam.
     
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    mrkrabs

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    Lard ass
    :D

    47kRoPc.png
     
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    Mnico

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    I did the math and loan Interest + Principle payments were less than my monthly cost of electricity for the purchase price of the system. Easy decision at the time with low interest rates.
     
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    yakdout

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    It would take a long time to break even at $100 electric bill. I would say it’s probably a 10-12 year break even. Most people down here have at least a $200 sdge bill. Some of my neighbors had a $700 sdge bill, don’t even know how that’s possible. But it’s a pretty simple math equation on your break even time frame. Don’t lease, buy, it is a selling point when you go to sell the house. Although if you sell before the solar is paid off it might be a deterrent.
     
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    Wandering Blues

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    We live in a private, gated community. We had one solar guy ring the doorbell. I causally explained to him he was trespassing and I would happily call the police department to have him cited.

    Never had one since.
     
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    Madmax22

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    A legitimate solar place will have the full break down for you based on your last few electric bills. Part of the estimate. I wouldnt touch someplace that came to my door, ya never know when its just some yahoo scoping out your place. Its a big upfront cost or loan but can be worth it if staying there and the math works out.

    We got a installed generator instead. Remember unless ya have a battery bank which cost bank ya still lose power during a power outage.
     
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    Bend Session

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  • Jan 3, 2017
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    A legitimate solar place will have the full break down for you based on your last few electric bills. Part of the estimate. I wouldnt touch someplace that came to my door, ya never know when its just some yahoo scoping out your place. Its a big upfront cost or loan but can be worth it if staying there and the math works out.

    We got a installed generator instead. Remember unless ya have a battery bank which cost bank ya still lose power during a power outage.
    What generator did you get?
     
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    mike mitchell

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    Your electricity bill is only $ 100 now. What would it be if all your gas appliances turned to electricity over time? Does California still have a buy back program ? Finally, if you got an electric car or plug in hybrid in the future would getting solar pay for itself ? IDK ,I rent.
     
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    Crowman

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    Seems like every couple months, I get a door solicitor coming by my house asking if I want a quote for solar. I remember years ago, you had to pay big bucks up front to get panels. Seems now that the technology has improved, prices for solar have come down. But is the technology worth it? I don’t have a pool, or a Tesla, nor do I have air conditioning ( live 3 miles from the beach). My electric bill is around $100 a month.

    Has anyone got solar for their house? Was it worth it? Any suggestions?
    Not worth it. The cost can be 10 to 20 thousand dollars for a good system.
     
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    Pescador Paul

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    One of the dirty little secrets about the home solar energy industry is that it is government subsidized. Without the federal solar tax credit, very, very few people would be purchasing solar power for their home.
     
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    Crowman

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    One of the dirty little secrets about the home solar energy industry is that it is government subsidized. Without the federal solar tax credit, very, very few people would be purchasing solar power for their home.
    Plus the panels are made in China the same people that declare war on us weekly. Fuck China.
     
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    Feb 28, 2016
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    Strategically, I do NOT recommend the "free" solar panels. You have become a landlord to an electricity producer, but you're on the hook for their profits. so you have to pay for removal/install when you maintain the roof, you have to pay to trim trees, and their economic investment is attached to your home even if you sell it. the lien thing is lame.

    also, however you do it, you want a good roof before the install. and you may need to manage trees that otherwise could keep growing. these might not line up with your homeowner priorities, or affect your economic question.

    Economically, the question is about 'cost up front' vs 'eventual savings'. in my area the tipping point is around $85/mo. Below that you never get your money back, at $85 it just pays off by the time you need to replace panels, above that you start to save over the life of the system. this often aligns with property values, because cheap real estate means your electricity is probably made closer and thus costs less (so the wealthiest homeowners see the most obvious tradeoffs, and the poorest areas sometimes get the power so cheap that it's not worth solarizing). also, the biggest electrical users have the biggest savings. for me it doesn't really pay off right now, but if we buy 1-2 electrical cars, or electrify more of our home, it surely would.

    BIG NOTE- all this math is based on a grid connected system, so there’s projections based on buy/sell prices, never certain. EDIT- for an example, see next comment.

    Two magic factors:

    -batteries are becoming more affordable, and have major benefits. let you shrink your panel cost, and take you away from the buy/sell disparity of on-grid systems (your extra electricity is credited at wholesale, but when the sun doesn't shine you're buying at retail, so you need to produce around 3W for every 1W that you buy; batteries are a bit better than that ratio). Plus you're fully independent and self-sustaining and zombie-proof.

    -electrical prices are gonna keep climbing, and probably, faster and faster. the utilities are just now realizing their grid is a fire hazard, so rate-payers have a GIANT unmet burden to repair/replace the entire grid backbone. plus, usage keeps going up so we need to build new plants, but they're gonna cost MUCH more than old plants, so cost will surely hurt more in the future, even if it doesn't hurt now.

    Environmentally, aside from the economic questions, the carbon benefits of solar are clear. production of batteries/panels is becoming cleaner and cleaner, but it's already MUCH cleaner than production of fossil fuels (more or less every way you measure it). many early adopters installed solar for these reasons alone, but the economics is more universally compelling for most of us.

    Oh. panels are also made in the USA, but like all electronics you'll probably pay a bit more if you want domestic. American panels are pretty competitive, but not necessarily better.
     
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    Sep 8, 2022
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    Keep in mind that the state of California is very actively working to move the solar ROI goal posts. The net metering value to solar producers is being severely reduced.

    "Currently, average net metering rates range from $0.23 per kWh to $0.35 per kWh, and the new proposed decision cuts those rates to an average of $0.05 per kWh to $0.08 per kWh. This is set to be the largest drop in export rates in U.S. history, in a market that represents roughly 50% of the nation’s residential solar market." https://pv-magazine-usa.com/2022/11...ing-to-cut-solar-net-metering-payments-by-75/

    California elected government officials were also scheming to introduce a grid connection fee however that proved to be too radical and controversial so it was removed from the current proposed changes to net metering. The PUC will vote on Dec 15 and the new rules will start 15 April 2023 so there is a little time to be grandfathered in for the next 20 years.
     
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    Feb 28, 2016
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    Keep in mind that the state of California is very actively working to move the solar ROI goal posts. The net metering value to solar producers is being severely reduced.

    "Currently, average net metering rates range from $0.23 per kWh to $0.35 per kWh, and the new proposed decision cuts those rates to an average of $0.05 per kWh to $0.08 per kWh. This is set to be the largest drop in export rates in U.S. history, in a market that represents roughly 50% of the nation’s residential solar market." https://pv-magazine-usa.com/2022/11...ing-to-cut-solar-net-metering-payments-by-75/

    California elected government officials were also scheming to introduce a grid connection fee however that proved to be too radical and controversial so it was removed from the current proposed changes to net metering. The PUC will vote on Dec 15 and the new rules will start 15 April 2023 so there is a little time to be grandfathered in for the next 20 years.
    totally. this kills the benefits of being grid-connected, and it will surely shrink the market for the "free"/lease programs... but it will make battery-based, "off-grid" systems more common.
     
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    Feb 28, 2016
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    One of the dirty little secrets about the home solar energy industry is that it is government subsidized. Without the federal solar tax credit, very, very few people would be purchasing solar power for their home.
    well, fossil fuels are also subsidized.
     
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    gecsr1

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    well what manufacturer has the best solar panels and additional equipment that last 15/20 years.... there could be a lot of junk out there too...
     
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    MYNomad

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    Over the years, I have looked at installing solar panels on the roofs of big warehouse buildings in Phoenix and Las Vegas. If the economics don't work there, I don't know how they can possibly work on a residential roof in, for example, coastal LA county, at least not without government subsidies. So, until the roofs of industrial warehouse in desert locations commonly having solar panels on their roofs (government and similar installations don't count since they are not driven by economics), I don't think any residential installation can make economic sense. That said, I am sure someone will come out of the woodwork and say they make great investments. I can rent them a bunch of rooftops at a very favorable price.
     
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    plj46

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    I bought my solar panels a few years ago and it was one of the best investments I've ever made.Initial cost was about 15K and with the tax credit I actually paid just over 10K.I paid cash,no financing but financing would have been cheaper than an average electric bill.In four years they paid for themselves.I paid $22 last year for electricity and i run the AC all I want to.Even if your electric bill is only $100 a month you just buy less panels.I pay an electric bill once a year.Next up will be battery backup.
     
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    tunacraze

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  • Nov 27, 2006
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    Yeah! There is no better ROI right now than solar and I think that will hold up through NEM 3.0. Currently on NEM 2.0 is a 5-7 year ROI for a $150 bill and probably 10-12 for $100 bill. I sell SunPower and the warranty is great! 25 years materials and labor for panels, inverters and racking all made by SunPower.

    NEM 3.0 is coming and batteries will be important. They're expensive, but We'll see what that looks like.

    If a few of you want a quote I can provide that for you. I'll give you the lowest price. I serve SD, OC, IE and Arizona. Maybe could make an exception for @MYNomad in Nevada.
     
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