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The Water Cooler
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Are solar panels worth the investment?
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<blockquote data-quote="Shadowrider" data-source="post: 3767095" data-attributes="member: 3099"><p>Necro bump....</p><p></p><p>So my daughter sent me this proposal that she got for her new (to her) house.</p><p></p><p>7.48kW system having 22 340 watt panels. No power walls or batteries.</p><p></p><p>$32,919 total payments over 25 years</p><p>$19,221 projected electric bill savings over 20 year life of the system</p><p>$13,698 "Clean Energy Premium" (this is codespeak for how much you are paying to do your part in saving the earth)</p><p></p><p>Red Flags:</p><p></p><p>20 year system life vs 25 year financing (blatant snakeoil flag)</p><p>They claim to lower her electric bill to $25 per month average (I bet I can trade my beachfront property in AZ in on this system too)</p><p>They claim 103% energy production from solar, so I'm assuming 3% will be sold to the grid, (at wholesale, big whoopteedoo!) </p><p></p><p>FFS, even with the federal tax subsidy it won't make payback and you end up still underwater. How do the people that sell these sleep at night?</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3767095, member: 3099"] Necro bump.... So my daughter sent me this proposal that she got for her new (to her) house. 7.48kW system having 22 340 watt panels. No power walls or batteries. $32,919 total payments over 25 years $19,221 projected electric bill savings over 20 year life of the system $13,698 "Clean Energy Premium" (this is codespeak for how much you are paying to do your part in saving the earth) Red Flags: 20 year system life vs 25 year financing (blatant snakeoil flag) They claim to lower her electric bill to $25 per month average (I bet I can trade my beachfront property in AZ in on this system too) They claim 103% energy production from solar, so I'm assuming 3% will be sold to the grid, (at wholesale, big whoopteedoo!) FFS, even with the federal tax subsidy it won't make payback and you end up still underwater. How do the people that sell these sleep at night? [/QUOTE]
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