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Price of Solar Has Dropped 50% in Last 16 Months

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the guy just left, and i'm definitely still interested.  just under $4 per watt all in, and that's before the 30% tax credit.  25 year warranty on everything.  would cover 85% of my current power bill and in 5 months of the year i'd be selling back to the utility at $.048 per kWhr.  Would pay for itself in just under 14 years.

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3 hours ago, jonessed said:

.Not that it matters.  The amount of energy produced would still be a tiny percentage of consumption.  Denmark has small urban hubs close to the coast, we have huge sprawling populations.  The situations are completely different.

http://www.livescience.com/18997-population-coastal-areas-infographic.html

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3 hours ago, VA703 said:

so was part of the deal that you had to pay for the panels over time and transfer them to the new owner if you were to sell?

I pay a set amount that is basically tier 1 pricing for all energy they produce for 20 years.  Then they're mine.  No issues with transferring them to new owner.  Would be just like Edison Electric utility when a new owner buys the house.  They take care of all warranty/service issues.

Basically...instead of paying whatever tier Edison likes to throw at me...I pay a set amount per kilowatt.  While Edison goes up every year and has multiple tiers for more usage and during peak hours.

Edited by tdoss

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22 hours ago, Uruk-Hai said:

Also check and see if there are any co-ops in your area. There's even one here in the fairly remote area I live in. I think the deal is that, for every 25 houses that sign up, the user gets an additional 20% off.

 

How large is this co-op you speak of?

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Put solar on the house about 9 months ago - don't regret anything about it all. Wish I did it years ago.

FIL is in the business and gave me a sweet deal.

I purchased which he strongly recommended - even mentioning "leasing is for suckers".

 

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11 minutes ago, matttyl said:

How large is this co-op you speak of?

I think this is the one in my area I was thinking of: Link I saw something on one of the local channels and it led me to that site. You may be able to click through and find one that's covering you (you're Warren Co, right?)

Edited by Uruk-Hai

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Just now, Uruk-Hai said:

I this is the one in my area I was thinking of: Link I saw something on one of the local channels and it led me to that site. You may be able to click through and find one that's covering you (you're Warren Co, right?)

No, I'm country, but I'm not that country.  Thanks for the link.

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20 minutes ago, joffer said:

the guy just left, and i'm definitely still interested.  just under $4 per watt all in, and that's before the 30% tax credit.  25 year warranty on everything.  would cover 85% of my current power bill and in 5 months of the year i'd be selling back to the utility at $.048 per kWhr.  Would pay for itself in just under 14 years.

What assumptions are that payback period based on?  I mean, my average power bill (over a rolling 12 months) is like $150.  Over the next few years, as stuff breaks and needs replacing, I plan on replacing with energy efficient stuff (and maybe going to propane for certain things) - like my heat pumps with electric backup, or my electric water heat and electric stove.  And what if I can only logistically have panels facing SE, not SW.

Thanks, I'll hang up and listen....

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18 minutes ago, =Smackdown= said:

Put solar on the house about 9 months ago - don't regret anything about it all. Wish I did it years ago.

FIL is in the business and gave me a sweet deal.

I purchased which he strongly recommended - even mentioning "leasing is for suckers".

 

any idea how many months you're net +/- from the grid?

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someone should invent regular old shingles that create power and when you instll them they make a huge power grid on your celiing then bam every roof becomes a power plant and pretty soon no more of this usig coal or a nuke bomb like a sucker stuff take that to the swc dreams of the better future bank bromigos 

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My electric bill is becoming a concern and I'm seeing a lot of houses with solar popping up.  I assume most of these are one of those Solar City lease deals.  What's the all in typically if you buy?

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3 hours ago, James Daulton said:

My electric bill is becoming a concern and I'm seeing a lot of houses with solar popping up.  I assume most of these are one of those Solar City lease deals.  What's the all in typically if you buy?

quote i got today was $23,250 for 5.9kW system.  That's just under 4$/Watt before the 30% tax credit.

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9 hours ago, joffer said:

Details?

Just solar with little power usage because most appliances are gas, we both work during the day, and the weather is moderate enough that there is no need for AC or anything.

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So I'm paying 12 cents/KWH  (including all taxes & fees) from Dominion Power. How many KWH would you expect to produce per month in the midatlantic region  with an average setup? 

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On 7/5/2016 at 5:08 PM, massraider said:

People are against using the sun as an energy source.  Unreal.  

Gotta go with Mr. Burns on this. Since the beginning of time, man has yearned to destroy the sun.

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And it sounds like a great idea now. But then sooner or later OSEC (the Organization of Sunlight Exporting Constellations) will come along and monopolize our sunlight and start scaling it back to raise prices.

Sunbathers will be lined up around the corner waiting to get into the beach as the sunlight dries up. If the beach is even open, some of them will have already run out and will have signs up saying "No Sunlight today."

 

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1 hour ago, Lester Burnham said:

So I'm paying 12 cents/KWH  (including all taxes & fees) from Dominion Power. How many KWH would you expect to produce per month in the midatlantic region  with an average setup? 

"average" can mean anything.  I was quoted $23,250 worth of panels (about 300 sq ft.) that will produce 8681 kWh per year in Austin, TX.  My average consumption is about 10kWh per year.  At $0.125 per kWh i'll save about $800 per year.

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1 minute ago, joffer said:

"average" can mean anything.  I was quoted $23,250 worth of panels (about 300 sq ft.) that will produce 8681 kWh per year in Austin, TX.  My average consumption is about 10kWh per year.  At $0.125 per kWh i'll save about $800 per year.

That's not a good payoff. I used 1953 kwh in June alone.

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6 minutes ago, Lester Burnham said:

That's not a good payoff. I used 1953 kwh in June alone.

with the 30% tax credit its about a 20-year payoff for me, a change of a penny in cost either direction adds or subtracts $100 savings per year.

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Just now, joffer said:

with the 30% tax credit its about a 20-year payoff for me, a change of a penny in cost either direction adds or subtracts $100 savings per year.

I wont be in my house for 20 more years. Not even close.

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53 minutes ago, Lester Burnham said:

That's not a good payoff. I used 1953 kwh in June alone.

I just checked I used 2200 kwh in June. I need to do something about this. 

I spent $5,500 in the last 12 months on my PG&E Bill. 

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i may re-finance my mortgage and roll this in.  with the current rates it makes it even better.

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here's some data on the cost of electricity over the last 10 years - link

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My electric bill is a damn mess...every month it is a convoluted mess...check this thing out for May (my lowest month of consumption, typically):

Your rate: DOMESTIC
Billing period: May 12 '16 to Jun 1 '16 (20 days Winter Season)
Jun 1 '16 to Jun 13 '16 (12 days Summer Season)
Delivery charges
Basic charge 32 days x $0.03100 $0.99
Energy-Winter
Tier 1 (within baseline) 252 kWh x $0.07682 $19.36
Tier 2 (up to 30%) 76 kWh x $0.13461 $10.23
Tier 3 (31% to 100%) 176 kWh x $0.16890 $29.73
Tier 4 (more than 100%) 46 kWh x $0.22813 $10.49
Energy-Summer
Tier 1 (within baseline) 154 kWh x $0.08260 $12.72
Tier 2 (up to 100%) 154 kWh x $0.15458 $23.81
Tier 3 (more than 100%) 25 kWh x $0.21769 $5.44
DWR bond charge 883 kWh x $0.00539 $4.75
Generation charges
DWR
DWR energy credit 883 kWh x -$0.00022 -$0.19
SCE
Energy-Winter
Tier 1 (within baseline) 252 kWh x $0.06909 $17.41
Tier 2 (up to 30%) 76 kWh x $0.06909 $5.25
Tier 3 (31% to 100%) 176 kWh x $0.06909 $12.16
Tier 4 (more than 100%) 46 kWh x $0.06909 $3.18
Energy-Summer
Tier 1 (within baseline) 154 kWh x $0.06919 $10.66
Tier 2 (up to 100%) 154 kWh x $0.06919 $10.66
Tier 3 (more than 100%) 25 kWh x $0.06919 $1.73
Subtotal of your new charges $178.38
State tax 883 kWh x $0.00029 $0.26
Your new charges $178.64

 

It sums it up that my average cost per kilowatt hour for the month:

406kWh in Tier 1 at $.15

230kWh in Tier 2 at $.22

201kWh in Tier 3 at $.26

46kWh in Tier 4 at $.30

 

I get why they're breaking up the Winter and Summer seasons...but I don't think I fully understand why they break up Delivery and Generation charges.

Who knows...it's all a mess.

All I know is that I'm paying $.15 to $.30 per kWh for my electrical.

I don't know where you guys live that electrical is so much cheaper.

This bill makes me think that I've GOT to get solar...I mean, if you guys are considering it with tiny charges per kWh...it's a MUST for me, right?

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On 7/5/2016 at 6:05 PM, George Jefferson Airplane said:

Too many guys selling solar on the corner for me to trust this.  :oldunsure: 

I bought a Soler from one of those guys.  I'm now starting to think it's a cheap knock-off.

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Half of my usage is tier 4

 

1066 kWh @ 0.39999 $426

 

this is on a $722 bill. 

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6 hours ago, jonessed said:

:lmao: 

Have you looked at a map of Denmark?

I guess my point is more than half the population in the country already lives near the coast and that % is growing rapidly.

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3 minutes ago, BoltBacker said:

I guess my point is more than half the population in the country already lives near the coast and that % is growing rapidly.

I don't think you're going to get a coherent answer from them- they're just trolling.

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8 hours ago, Wooderson said:

Half of my usage is tier 4

 

1066 kWh @ 0.39999 $426

 

this is on a $722 bill. 

wow

how many square feet?

Edited by joffer

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21 minutes ago, joffer said:

wow

how many square feet?

2,500 but it's a two story with a pool. 

The pool pump and cooling the upstairs is part of the problem. I really don't know why it's so high though. My neighbors are also surprised by the cost. 

I replaced the pool pump to a high efficiency variable speed a few months ago. Not sure what I can do to help cool the 2nd story  

Northern CA if it matters. 

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25 minutes ago, Wooderson said:

2,500 but it's a two story with a pool. 

The pool pump and cooling the upstairs is part of the problem. I really don't know why it's so high though. My neighbors are also surprised by the cost. 

I replaced the pool pump to a high efficiency variable speed a few months ago. Not sure what I can do to help cool the 2nd story  

Northern CA if it matters. 

Efficient windows, more insulation, blinds, sealing off air leaks to/from attic?

My house is larger than that, but no pool, and I average 1400-1500 kWh per month.  In any given rolling 12 month time period I'd spending $2,000-2,200 on power bills.  So I'm not sure how long any payback period would be for me.  Joffer above said he was quoted ~$23k for his system, which would only cover about half my annual power consumption.  The payback period would be over 20 years then, which is a bit long for my taste. 

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you're paying back at a much faster rate in CA though.

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I purchased. Number shook out as follows - rounding here . .

Panels cost around 25K

Tax credits got me back around 10K.

The remaining 15K is financed thru my utility company (PSE&G) over the next 15 years. My bill over the past year or o averaged around $200 a month. For the next 15 years I'm locked in at $140 a month. After that  . . . no more electric bills.

 

Really a no brainer imo.

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On 7/6/2016 at 10:46 AM, VA703 said:

is this something hoa has to approve?

It probably depends on the HOA.

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2 minutes ago, =Smackdown= said:

I purchased. Number shook out as follows - rounding here . .

Panels cost around 25K

Tax credits got me back around 10K.

The remaining 15K is financed thru my utility company (PSE&G) over the next 15 years. My bill over the past year or o averaged around $200 a month. For the next 15 years I'm locked in at $140 a month. After that  . . . no more electric bills.

 

Really a no brainer imo.

Is the financing something you could pass on to someone who bought your house? Or would you have to 'work it out' with them to put the remaining cost of the panels into the cost of the house?

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34 minutes ago, matttyl said:

Efficient windows, more insulation, blinds, sealing off air leaks to/from attic?

My house is larger than that, but no pool, and I average 1400-1500 kWh per month.  In any given rolling 12 month time period I'd spending $2,000-2,200 on power bills.  So I'm not sure how long any payback period would be for me.  Joffer above said he was quoted ~$23k for his system, which would only cover about half my annual power consumption.  The payback period would be over 20 years then, which is a bit long for my taste. 

 

Habw blinds on all windows. Tinted windows facing West. Built in 2003 but im sure it could use more insulation as they never use enough. 

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8 minutes ago, =Smackdown= said:

I purchased. Number shook out as follows - rounding here . .

Panels cost around 25K

Tax credits got me back around 10K.

The remaining 15K is financed thru my utility company (PSE&G) over the next 15 years. My bill over the past year or o averaged around $200 a month. For the next 15 years I'm locked in at $140 a month. After that  . . . no more electric bills.

 

Really a no brainer imo.

Who owns the panels?  Who pays if they break or are damaged?

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Just now, Wooderson said:

 

Habw blinds on all windows. Tinted windows facing West. Built in 2003 but im sure it could use more insulation as they never use enough. 

Yeah, I roughly tripled the insulation that was in my house built in 1998.  That helped a lot.  Do you have heat pumps or AC for cooling?  How efficient (I assume new with the young age of the house). 

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12 minutes ago, matttyl said:

Yeah, I roughly tripled the insulation that was in my house built in 1998.  That helped a lot.  Do you have heat pumps or AC for cooling?  How efficient (I assume new with the young age of the house). 

AC for cooling. I wonder if there is a more efficient AC unit out there 

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9 minutes ago, Wooderson said:

AC for cooling. I wonder if there is a more efficient AC unit out there 

Then you'll have to figure your payback period for it.  Say it saves you $200 a year, but costs $3k.  Likely not worth it.  Just wait for it to break down, and replace it then?

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4 minutes ago, matttyl said:

Then you'll have to figure your payback period for it.  Say it saves you $200 a year, but costs $3k.  Likely not worth it.  Just wait for it to break down, and replace it then?

Right. 

On ther hand solar would take me no time to pay back. 

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damn, second quote was $3/W!  Smaller system that they say can produce better efficiency.  Now i have to research power optimizers vs. micro-inverters.

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Just now, joffer said:

damn, second quote was $3/W!  Smaller system that they say can produce better efficiency.  Now i have to research power optimizers vs. micro-inverters.

Do either come with a flux capacitor, or do you need to provide your own?

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12 minutes ago, matttyl said:

Do either come with a flux capacitor, or do you need to provide your own?

kilowatts....not jigawatts

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1 hour ago, matttyl said:

jiga what?

jiga who?

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11 hours ago, joffer said:

damn, second quote was $3/W!  Smaller system that they say can produce better efficiency.  Now i have to research power optimizers vs. micro-inverters.

reviews on this company are a little iffy.  this price may be too good to be true.

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down to two companies.  Freedom Solar and Alba Energy.  Both seem pretty local to TX.

Alba is about 20% cheaper and uses LG panels

Freedom uses SunPower panels and has better warranties

Sunpower seems to be the Cadillac of panels right now.  LG not quite as good but solid reviews.

If I can talk down Freedom a little on price i'll probably go with them.

Both are 6kW systems that will generate about 8700 kW-hr per year.  Both under $3/Watt after the 30% Federal Tax credit.

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