Berlin-based climate research institute Mercator Research Institute on Global Commons and Climate Change (MCC) has released a new study indicating that, in the last decade, the cost of solar power has dropped by 87 percent, and the cost of battery storage by 85 percent.
Solar power and storage prices have dropped almost 90%::undefined
Is that paying cash for the solar system or financing? Financing can devastate the ROI with interest rates today. I’m looking at as long as 12 year ROI with possibly as short as 7 year ROI if I consider the USA’s federal tax incentives. My slightly southern latitude (a border state with Canada) also likely contributes to slightly higher generation results using the same equipment.
How are the government incentives in Canada? I’m super envious of your great hydro power, my neighbor.
$50k is a pretty large installation, 18kw-22kw I’d guess for solar only (no battery storage). I’m hoping thats only a max of 100% replacement of electricity sourcing (meaning essentially no net grid consumption after you’re installed). What’s the price per KWh for electricity delivered to your door in St Louis? Its gotta be pretty crazy cheap if you’re that large a consumer of electricity and you’re paying in cash with no battery, and still looking at multiple decades of ROI with the US federal tax credit.
1800sq ft home, my power bill is a few hundred in the summer, I feel there just isn’t any competition here there only 2-3 companies doing it and they’re all small
It could be that those companies are evil, or perhaps their own prices are just very high because the industry isn’t scaled up in your area. Maybe they have a really hard time hiring equalities installers, and have to ship in parts from far away.
It was like that in California 20 years ago but it has changed enormously. When you drive down the street, how many houses have solar? It’s probably 3 in 10 here. I get nonstop Facebook ads and can name about 10 companies. With this comes lower prices. But there are still cheats out there. Never work with a “no money up front” company unless you only want to enjoy 10% of the benefit of the panels. For some it may be the only option but these companies are shysty as hell.
There almost 0 solar houses here, 1 in a hundred maybe. A few businesses have been doing it lately, I’ve seen 2 gas stations and several schools in the area do it. I’d like to get it done before my backwards ass state makes it illegal or something
In Canada you can get a 40k loan from the federal govt that is 0% interest on a 10 year term for doing green upgrades to your home. My solar generates more in credits than than the cost of the loan over the year.
The Greener Homes Program is a bit of a pain to jump through all the hoops but getting thousands off in grants and a 0% loan is worth it.
… I also have eyes, and family in real estate. A tiny house an hour from any town is 1 million. A crack shack that needs to be demolished and rebuilt is 750K.
Maybe you live in Alberta? The place no one wants to be?
Nope in BC in a little city. The cost of houses here is rarely 1 Million.
You seem to just want to be mad about things even if you need to exaggerate to be able to stomp your feet like a toddler over it.
Since you have some anger over this so I’m gonna bid you a good day since talking to you is pointless when facts don’t matter.
Is that paying cash for the solar system or financing? Financing can devastate the ROI with interest rates today. I’m looking at as long as 12 year ROI with possibly as short as 7 year ROI if I consider the USA’s federal tax incentives. My slightly southern latitude (a border state with Canada) also likely contributes to slightly higher generation results using the same equipment.
How are the government incentives in Canada? I’m super envious of your great hydro power, my neighbor.
Bruh I got quoted 50k in St. Louis last year, would take decades for roi
$50k is a pretty large installation, 18kw-22kw I’d guess for solar only (no battery storage). I’m hoping thats only a max of 100% replacement of electricity sourcing (meaning essentially no net grid consumption after you’re installed). What’s the price per KWh for electricity delivered to your door in St Louis? Its gotta be pretty crazy cheap if you’re that large a consumer of electricity and you’re paying in cash with no battery, and still looking at multiple decades of ROI with the US federal tax credit.
That can’t be for a home. If it was it was predatory nonsense. It should be a 7 or 8 year ROI with a 20-30 year service life.
Maybe not all areas have much competition driving prices down? I’m in sunny hippie California where every other house has solar.
1800sq ft home, my power bill is a few hundred in the summer, I feel there just isn’t any competition here there only 2-3 companies doing it and they’re all small
It could be that those companies are evil, or perhaps their own prices are just very high because the industry isn’t scaled up in your area. Maybe they have a really hard time hiring equalities installers, and have to ship in parts from far away.
It was like that in California 20 years ago but it has changed enormously. When you drive down the street, how many houses have solar? It’s probably 3 in 10 here. I get nonstop Facebook ads and can name about 10 companies. With this comes lower prices. But there are still cheats out there. Never work with a “no money up front” company unless you only want to enjoy 10% of the benefit of the panels. For some it may be the only option but these companies are shysty as hell.
There almost 0 solar houses here, 1 in a hundred maybe. A few businesses have been doing it lately, I’ve seen 2 gas stations and several schools in the area do it. I’d like to get it done before my backwards ass state makes it illegal or something
Ouch that sounds rough.
In Canada you can get a 40k loan from the federal govt that is 0% interest on a 10 year term for doing green upgrades to your home. My solar generates more in credits than than the cost of the loan over the year. The Greener Homes Program is a bit of a pain to jump through all the hoops but getting thousands off in grants and a 0% loan is worth it.
Who is owning a home in Canada lol. You’ll pay your landlord $3000 for 1000sqft or fuck off.
Not all of us live in big cities where we would need to cry over high rent and house prices.
Even in the middle of nowhere a house is a million dollars.
They aren’t.
I just moved last year.
But keep hyperbolizing, it only undermines the point you seem to want to hammer on.
… I also have eyes, and family in real estate. A tiny house an hour from any town is 1 million. A crack shack that needs to be demolished and rebuilt is 750K.
Maybe you live in Alberta? The place no one wants to be?
Nope in BC in a little city. The cost of houses here is rarely 1 Million. You seem to just want to be mad about things even if you need to exaggerate to be able to stomp your feet like a toddler over it. Since you have some anger over this so I’m gonna bid you a good day since talking to you is pointless when facts don’t matter.
So because 1 city has affordable houses you talk for all of Canada? lmao.
Link me some realestate listings, please. I’d love to see these houses…