Berlin-based climate research institute Mercator Research Institute on Global Commons and Climate Change (MCC) has released a new study indicating that, in the last decade, the cost of solar power has dropped by 87 percent, and the cost of battery storage by 85 percent.
Is that paying cash for the solar system or financing? Financing can devastate the ROI with interest rates today. I’m looking at as long as 12 year ROI with possibly as short as 7 year ROI if I consider the USA’s federal tax incentives. My slightly southern latitude (a border state with Canada) also likely contributes to slightly higher generation results using the same equipment.
How are the government incentives in Canada? I’m super envious of your great hydro power, my neighbor.
Bruh I got quoted 50k in St. Louis last year, would take decades for roi
That can’t be for a home. If it was it was predatory nonsense. It should be a 7 or 8 year ROI with a 20-30 year service life.
Maybe not all areas have much competition driving prices down? I’m in sunny hippie California where every other house has solar.
1800sq ft home, my power bill is a few hundred in the summer, I feel there just isn’t any competition here there only 2-3 companies doing it and they’re all small
It could be that those companies are evil, or perhaps their own prices are just very high because the industry isn’t scaled up in your area. Maybe they have a really hard time hiring equalities installers, and have to ship in parts from far away.
It was like that in California 20 years ago but it has changed enormously. When you drive down the street, how many houses have solar? It’s probably 3 in 10 here. I get nonstop Facebook ads and can name about 10 companies. With this comes lower prices. But there are still cheats out there. Never work with a “no money up front” company unless you only want to enjoy 10% of the benefit of the panels. For some it may be the only option but these companies are shysty as hell.
There almost 0 solar houses here, 1 in a hundred maybe. A few businesses have been doing it lately, I’ve seen 2 gas stations and several schools in the area do it. I’d like to get it done before my backwards ass state makes it illegal or something
Ouch that sounds rough.