Comment by K0balt
6 hours ago
An analysis of panels per capita vs regional IQ would be an interesting signal. Panels are cash positive in less tan 5 years of their 40 year lifespan. There is hardly a better investment up until you cover your own usage.
The argument essentially breaks down to "smart people buy more solar panels, dumb people buy less solar panels". I think this argument is simplistic. I imagine the primary indicator of how many panels per capital a region will have are either the total amount of sunlight it receive, the total value of local incentives, or perhaps the regional cost of grid electricity.
My highest energy months are the ones with the least amount of sunlight, and my highest energy hours are during long nights, because my primary energy expenditure is my heat pump. This use case is common for people that live in colder climates, which is a large number of people. This causes me to require a much larger base kwh solar install and battery capacity than other homes in other environments.
If we assume a potential 8% ROI in the market, you would need to offset more than $100/mo in electricity usage for every $15,000 you spend in solar install before solar becomes a better investment. The numbers just don't crunch well for many of us.
That is pretty optimistic. The calculators I've used online estimate my payback at 18 years and my lifetime savings at about $18K, with $32K out of pocket up front for the install. But my roof is 50% through the lifespan and I was told they would not warranty it against leaks due to panel mounts unless I first replaced the roof. That's $25K.
My next house will be my forever home, a little farther south than where I am now in the PNW, and on a big enough piece of land to use ground mount instead of roof mount. But right now, I cannot make the numbers work. I'd love having solar but I am not spending five digits of extra money just for the fun of it.
If it was at all true there'd be companies out there offering to build you rooftop solar in exchange for x years of the generation value.
That that industry doesn't exist is pretty much proof that the numbers aren't what they think they are.
Imagine believing in "regional IQ".