Did PV solar power just become affordable?

AI Thread Summary
The discussion centers on the affordability and financial viability of installing solar panels, particularly in California, where electricity rates are high. Participants share personal experiences and calculations, noting that solar systems can pay for themselves over time, especially if homeowners plan to stay in their homes long-term. However, concerns are raised about the lengthy payback periods and the unpredictability of future energy costs, which complicate the investment decision. Some argue that the primary motivation for solar should not solely be financial, as it can also serve to stabilize energy expenses against rising utility rates. Overall, the conversation highlights the complexities of evaluating solar energy investments amidst fluctuating economic factors.
  • #101
Trace Engineering says those doing solar homepower 'likely will not save any money'

Ivan Seeking said:
hitssquad said:
the world's leading homepower evangelism site says that it is impossible to make money with homepower.
Could you provide a specific quote and link to what you just said?
There is more at the website of Trace Engineering (Xantrex), a leading manufacturer of homepower components:
http://www.xantrex.com/support/readfaq.asp?did=261&p=559

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FAQ
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My utility bills are very high, and I want to switch to off-grid solar power to save money, how much money can I save?

You likely will not save any money. A solar and off-grid electrical system designed to be large enough to off-set high utility bills would be prohibitively expensive. Reducing your energy consumption is the single most effective way to lower utility bills. The typical off-grid home uses well under 10 kW/h of power per day. If your consumption can be reduced to that level you are a good candidate for an independent electrical system.
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