Comment by ramesh31
18 hours ago
How can the numbers ever work? $15k pays my electric bill for a decade. I get that it amortizes beyond that, but it's a heck of a sunk cost that just doesn't make sense IMO.
18 hours ago
How can the numbers ever work? $15k pays my electric bill for a decade. I get that it amortizes beyond that, but it's a heck of a sunk cost that just doesn't make sense IMO.
I have a cabin in the woods, an hour from my house, my choices are either install a couple of solar panels on the roof, or have no electricity.
I'm looking forward to installing a couple of panels on the roof next year. Having power to charge my phone, or laptop, won't take much capacity, I'm not going to use much power other than that, maybe some music but nothing like cooking/heating, or similar heavyweight usage. (I have a wood stove for heating, and gas/alcohol stoves for cooking, along with on-site water.)
Especially if a once-in-a-decade freak hailstorm can take it out…
Solar panels are rated to handle 1 inch hail at 52mph (IEC 61215). Damaged panels can be easily replaced, and are typically covered by your homeowner's insurance.
https://www.energysage.com/news/solar-panels-withstand-hail/
- Every panel sold in the U.S. has to pass an industry-standard hail test, which fires ice balls at multiple points on the panel and requires no visible cracking, delamination, or more than a 5% drop in power output afterward. Companies like UL Solutions, an applied safety science company, test solar panels by dropping a two-inch solid steel sphere from 51 inches onto panels, simulating the impact energy of serious hail. Panels that survive without electrical hazards earn certification for real-world deployment.
- The proof is in the pudding—or in this case, the parking lot. When a severe hailstorm hammered the National Laboratory of the Rockies' (NLR) (formerly National Renewable Energy Laboratory (NREL)) Colorado campus in 2017, just one single panel out of more than 3,000 suffered damage. That's a 99.97% survival rate against Mother Nature.
Because your electric bill goes up every year as the utility keeps asking for return on equity (assuming investor owned utility, math might be different if you're in an electric coop). A solar PV system will produce power for 25 years at a minimum at a fixed cost. Like a mortgage that is fixed versus rent that is not.
It's the equivalent of a bond investment with potential subsidies at the utility, state, and federal level (solar is no longer subsidized, but batteries still are).
https://www.bogleheads.org/forum/viewtopic.php?t=411421
https://magnifina.com/articles/rooftop-solar-yield/
> 25 years at a minimum
So long as the roof itself lasts that long. People who are mid-cycle on their existing roof should not install solar until they get to the next replacement. This is where I am, and why I do not have rooftop solar. I expect to get 15 additional years from my roof, and there's no guarantee I will have hit the break even point by then. Plus, solar installers will not warranty a mid-cycle roof against leaks, so if something goes wrong that quickly eats into your cost savings.
It is also cheaper to get it installed if you're already doing a roof replacement. Especially if you're getting built-in modules instead of retrofit, since they replace some of the roof surface instead of going over it.
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