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Question DetailsAsked on 9/26/2015

how much does it typically cost for solar panel installation

avarage energy cost per month 250.00 pacific power

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My guess - assuming you have an all-electric house (not using gas for dryer/heating) with the typical payback period even for houses with $400-600 electric bills being on the order of 25+ years typically (and that ignores that recent evidence shows panel life may be dramatically LESS than that), the fact most people move every 6 years or so on the average, and the fact that most new homeowners do NOT see solar heating as a plus (with the exception of direct solar heating of pool water), I would say the economics and risk factors are pretty highly AGAINST it being economic for you.


And don't forget the issue of them requiring frequent cleaning to maintain their power levels, most are not built to allow easy replacement of failed or damaged cells or panels, the increased cost of roof replacement (and more frequent leak issues commonly) because they have to be removed to reroof or do significant roof repairs.


And if looking at leasing or contracting out the location for power credits, read the fine print VERY carefully, as further described in one of the referenced links, because some people are signing up for a pig in a poke and getting into one-sided contracts where they assume all the risks, and are on the hook for the installation even after the house is sold !


Of course, local subsidies for installation, actual functional life of the system, and what you assume about the future price of electricity factors in heavily in the economics.

Answered 4 years ago by LCD




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