03ranger
Well-known member
I do own, not lease a 9.1 KW solar system that utilizes 36 panels at 245 watts each. My ROI is at approximately 9 years using my calculations. Use the Solar companies calculations as a starting point and not an end point.
Questions:
1. The US government allows a 30% tax credit. Is your tax bill high enough that you can utilize the tax credit? If not then you are leaving money on the table.
2. What is the cost per KW when purchasing a system? The cost per KW should be between $2 to $3 dollars per KW.
3. What is the length of the ROI?
One thing that no one has mentioned: Solar panel efficiently drops when the temp goes above 90 degrees. When the outside temperature is below 90 degrees my system outputs about 35 KW per day in spring and fall. During the summer here in Arizona my system drops to about 17 KW per day due to high temperatures, no solar salesman ever mentioned this.
Yes, I would put solar in again, the numbers worked for me. The power company has net metering and I do produce more power over the course of a year then I use. But look at the financial side very closely; Solar does not pay off for everyone.
Questions:
1. The US government allows a 30% tax credit. Is your tax bill high enough that you can utilize the tax credit? If not then you are leaving money on the table.
2. What is the cost per KW when purchasing a system? The cost per KW should be between $2 to $3 dollars per KW.
3. What is the length of the ROI?
One thing that no one has mentioned: Solar panel efficiently drops when the temp goes above 90 degrees. When the outside temperature is below 90 degrees my system outputs about 35 KW per day in spring and fall. During the summer here in Arizona my system drops to about 17 KW per day due to high temperatures, no solar salesman ever mentioned this.
Yes, I would put solar in again, the numbers worked for me. The power company has net metering and I do produce more power over the course of a year then I use. But look at the financial side very closely; Solar does not pay off for everyone.
