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Is SOLAR Worth It? 5 Years Later with Solar Panels
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- Опубліковано 31 лип 2024
- Updated 2019 Version Available! • I've Had Solar for 8 Y...
I decided to get Solar Panels in July of 2011, and now with almost 7 years of data, I thought I'd share my finding, and what you can expect if you decide to go with Sola Panels or PV Cells!
I talk about whether Solar Panels are worth it, my Solar Output, Solar Panel Warranty, Solar Calculators, and More!
Thinking Tesla, Solar or anything else? Support Us, use our Links!
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Solar Hours Calc By Location:
geni.us/SolarHoursByLocation
Solar Hours Calc By Zip Code:
geni.us/SolarHoursByZip
Solar Angle Calc:
geni.us/SolarAngleCalculator
Energy Rates in the US:
geni.us/electricityRatesUS
Basic Solar Power Energy Meter:
geni.us/YnFv
TED Pro Home Advanced Solar Monitor:
geni.us/iFXbUKl
Smappee Advnaced Solar Energy Monitor:
geni.us/ysK0
Enphase Metered Gateway:
geni.us/7vnYj
Enphase Micro Inverter:
geni.us/VhXU
Ettore Solar Panel Cleaning Wand:
geni.us/QfRF
Gear We Use for Our Videos:
geni.us/tbdvgear21
My first piece of advice, is to buy less panels than you need, and slowly add to your system over time. These panels are getting more and more efficient, and cheaper by the year. I paid $10,000 for 5 235w panels for a total system of 1,175watts. But now, I could get 10 305 watt panels for a similar price.
So if you're interested in solar, consider getting a small system now, and building on it over time. With Enphase Micro inverters, your system will be very modular and you can easily add more panels in the future.
We highly recommend the Enphase M250 micro inverters especially if you have trees or other structures that might cause shading issues on your panels. With micro inverters, you'll have a micro-inverter attached to each solar panel, where as a regular inverter will attach to many solar panels.
If you interested in learning more about how shading effects your panels, or other details on how solar collection works, please leave us a comment, and we can create a follow on video outlining these details.
Get get access to your data, and view your solar panel performance, you'll need a communication gateway like the Enphase Envoy. With this, you'll get lifetime data storage, access and nothing is cooler than seeing just how your panels are performing.
We recommend you clean your solar panels at least a few time a year, because in our testing, clean solar panels output about 4% more power than dirty ones, and this number will only get bigger the dirtier they are. The best way to clean solar panels is with a window cleaner and squeegee on a wand.
Thanks so much for tuning in guys! We love making these kinds of videos, and sharing our experience and knowledge. Please ask questions or comments we'll definitely get back to you!
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Thank You,
Chris & Ricky
*****
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Thinking Tesla, Solar or anything else? Support Us, use our Links!
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Two Bit da Vinci TECH - I did something different with solar.
Watch on utube - Light Rider operation Paul Revere.
Almost instant return on investment.
Are you in S. California? I'd be love to see an analysis of savings for other areas. Solar power is a no-braining for the southwest but is it a practical solution for other parts of the country.
+Stephen [Ricky] very good question! There are sites that will tell you your number of solar hours you can expect for your zip. I'll make a future video outlining it. But yes it's very regional too. Stay tuned we have a follow up video oct 15th you'll enjoy!
TBsVT - ok, ya got me to sub with that one...lol...
+salmonline [Ricky] haha we won't let you down!
Before anyone gets any solar panels. Make sure your roof is tip top condition. You don’t want to have to pay to take the panels off the roof to replace the roof and then have them put back up. Check for everything.
@Bill thats the way i would go, and it makes for easier cleaning, but council rules wont allow it, they say it would create an eyesore so its roofs only unless you are out in the country with no neighbours
If you have a roof that is 5-10 years old and will need to be replaced in 5-10 years, there are companies that will (as long as they still exist) allow for a 1-time removal and reinstall of the solar panels for a roof replacement. These companies either factor that cost into every system they install even though everyone is not going to use it, or they also try to sell you a new roof at the time along with they system (even have services to upgrade your A/C system to more efficient system so you don't need so many panels) which means they won't have to come back at all except for any warranty repair work.
If you have the property, I would install them on the ground. Roof is a bad idea unless it’s the only option. We need to develop good solar roofing systems that are actually the roof.
the insurance paid for my neighbors due to hail damage , but he said it was 6k to remove and re add
Roof warranty voided once solar panels on. Think a small movable shed for solar panels that hold the batteries inside it which you can move w you is best idea 💡 I've seen so far 👀
I have 17 panels of solar installed on my house about 3 yrs ago. It cost me $22G but with federal & state rebates it only cost me about $12G. I interviewed 3 companies before I chose the one with the best deal. I’m very happy with my solar system. I also had a plug put in that if I had a black out during the day I can still use the panels for electric. Haven’t use it yet.
The two big factors that make solar cost effective are: 1) The local weather, i.e. how many overcast/sunny days in your area. 2) South-facing roof area.
If you have sufficient south facing roof area and a lot of sunny days, solar may be right for you. Also, this is something almost no one considers; The shadow of a solar panel on your roof does 2 things, it not only keeps the sun from heating up the attic and thereby saving air-conditioning costs, but it also triples the life of the roof shingle.
Thanks very much for taking the time to prep and post this information.
Well done, informative and provides answers the common questions. Great job!
Thank you. This is not a video I was looking for, but its one I'm glad I found.
I just discovered you guys yesterday and am now watching everything you have on home solar. Your presentation is professional, honest, data-driven, and extremely helpful for those of us that lack your experience. I suspect the negative "thumbs" are from folks with an agenda as anyone that has used UA-cam to obtain actionable information regarding the truth(s) about solar would only be amazed you deliver so much in such a short period of time. Thank You! (I live in North San Diego and am considering Solar, but I am stumped on how I can legally do it myself (I have the skillset).
One of the best breakdowns I’ve ever seen! Thank you for your efforts.
Power bill goes up 8% a year but wages don't.
Bill goes up 8% each year and the money goes to unreliable energy sources. After the 20% grid penetration mark renewable energy gets exponentially more expensive.
that's the greed of monopolies
yes joanna ,inflation is there for the rich to get richer
It's the same all over the world, they are adjusting prices with inflation, costs, maintenance, but our wages buy less every year......
It's actually not the same all over the world. Countries with publically owned utilities laugh at our sorry asses.
I don't know why I'm watcing this video, I live in the Netherlands.
We have a 8 years later video planned and we’ll try to make it valuable to all
Good Job. Well Done.
One of the most informative, honest, straight talk videos on youtube. Thanks.
[Ricky] Thank you!
Excellent update. Concise, and well illustrated. -Thank you!
Thanks for being an early adopter. People like you make it more affordable for future generations
Thanks for taking the time to put this together. I've always wondered how much it all works out to! -Chad
[Ricky] thanks, and you're welcome! Please consider subscribing, we have a lot of related content planned for the coming weeks.
Hello sir, just dropping in real quick to say I love your unbiased channel. The wildfire episode came up on my recommended and I loved it! I am now subscribed and binge watching. Thank you for the educational and honest vids, keep up the great work!!
Awesome, thank you, so glad to hear it and know you're subscribed! these are labors of love and we'll keep them coming!
Thanks for this video, been thinking about it! The overall view of solar panel is covered very well, You did it so well to convince us to have a look deeper into this option.
That output graph is cool because it's actually telling you how much cloud cover is over your house at any given point in the past. Seems like if they networked that data between all their customers, they could have a pretty accurate way to predict the weather.
I know! I think enphase uses that data to draw their prediction lines based on where you live. Which is so cool you can get a rough ball park before you pay any money
🍎 this is better than looking out the window to see the clouds..
. oh look ! I see a 🐶 I see a 🐱 I see a 🍆
There is already a system for that, called satellite photography. Perhaps you've seen the weather forecast with animated clouds? All that data is stored almost indefintitely.
@ Eric. Yes lightning is attracted to lead - that's why churches get stuck so often. For "blocking frequencies", metal is metal - a lead hat sounds like a pain the neck.
Eric Childs I think he was referring to tinfoil hats.👍
I am on a rural energy co-op and in the fall when we turn our air off, the heat pump never is turned back on until the following summer. Our electric bill in the cold weather months runs $68.00 to $70.00 per month. I have a wood stove from Germany that heats the whole house. No large investment and if there is no power, we can still cook on the stove. I came from an old school, and I never went to sleep and let anyone take advantage of me.
damn right just had an appointment yesterday to see what it was about would be 70.00 more a month than my 80 to 100 dollar a month power bill. I am also old school and do not waste electricity. wood stove it is lolololol SCAM
Great Video! Thanks for crunching the numbers.
I appreciate your time and effort to do this video for us. Keep up the good videos!!!
Couple of things to add... need to account for panel power degradation over time, storm damage and the fact that many insurance companies won't cover the cost of removal and reinstallation if the roof must be repaired or replaced. They can also void certain coverages if they determine the presence of and installation caused or was responsible for a leak that lead to internal home damage. Things to consider also. I feel that in some situations, the overall implementation is a worthwhile investment, but as you mentioned, a long term strategy needs to be thoroughly developed.
[RIcky] Great point, my panels are warrantied for 80% output after 30 years, and after 6 years im well on track.
Also if you live somewhere with bad weather and hail, definitely considering calling your home insurance company and including them. Here in California, that's not a concern. thanks for your comments!
I live in AZ and have looked into solar energy and have been back and forth on the topic over and over and over and over and over, lol. My biggest issue is that we have tremendous sunlight year round and we are in a prime location for solar. The 2 different sales reps that came to our house seemed to say the same thing. They informed us that we have a very large roof that faces in the perfect direction and that we would be perfect candidates for a solar energized home. They actually said that we have more roof than would be used. That all sounded great and I was seeing dollar signs of money being saved in my head. My big concern was the fact that we would be taking a 20 - 25-year term on the panels and if we were to sell our home the new owners (buyers) would have to agree to take on the solar deal and cost until the end of the term of the solar agreement. Another issue I had was that as technology advanced and bigger and better things were happening with solar, none of it was included with your existing deal. I felt like you were stuck with the panels and whatever else you had unless you wanted to PAY again to change or upgrade. IDK if I made the right decision or not. Instead of seeing charts and rates and anything else, I would love to just see an average homeowner show his electric bill before solar and after solar over the course of a two year period or so. Whenever numbers and charts and all that are being thrown around, you never really know what the heck is/was going on. I am all for solar but of course, the electric company wants to keep making its billions and they aren't going to give you the greatest deal for you and your family, they are going to do what works best for them. True solar can put the electric company out of business and they will never allow that to happen.
I want to buy a small house that is totally reliant on real solar energy and the storage of energy that's created by your own solar panels and batteries, etc. I want to do this but not in the middle of Alaska or in some situation like that. I want to do this in an area that lots and lots of people live and in a home that is not one of these modern super small homes that have become so popular currently. Let's see how it works in a real home with a family and kids and a dog and all that goes along with that, lol. Can we all save lots of money and actually be off grid without too many issues or safety concerns? Living in a place that has the most sunny days a year in the entire country should be the perfect place to try this Hopefully there is a home that has done this and we can see their results. Don't trust the electric companies and other big companies. They want to stay in business, which is understandable but they have gotten so greedy that they will try to never truly allow you to be off grid if they can help it. There have been cases in which the utility companies have basically had people jailed because they weren't using their electric company, etc.. Yes, this happened in America and in more than one location. Good luck to all of us.
[CHRIS] Thanks for sharing. On the battery topic, we are closely watching the Tesla Powerwalls as they start to finally roll out. I think having batteries is the only way to get off the grid, but it currently comes at a fairly high cost; let's hope they come down.
You could just put solar panels along the fence and just use them for running the air conditioner there is a guy in Gilbert AZ selling panels for about 27 cents a watt on ebay.
I assume the company you tried was like one I looked at. if you pay upfront. ( cash or some kind of normal loan from your bank ) then the interest is wayyy less and you can include it in the house cost or take it with you. The ROI for cash was 10-12 years for me and I wouldn't get tax credits due to my low income, but was close to 30 years if I financed it with the Solar place. You would be better off getting a second mortgage ( or low interest personal loan if your credit is good enough ) to pay for the cost up front and then just deduct that monthly payment from the savings until it is paid off. On a 3-4% loan it should not add much but the 22-28% the Solar companies want is what pushes it out to 30 years. I would not worry about complete off grid for now, battery tech. is not quite good enough or cheap enough yet, getting 100% power during the day without batteries would be huge by itself and you would be feeding some back into the grid ( for credit ) when you generate more than you use. When the battery tech gets cheap/good enough then you can add it.
Electric companies aren’t selling solar.
I will share your video with my colleagues
Thanx for taking the time to explain this to us
Hey this Video paid for those panels now :)
This was great, thanks, been searching for "how much do you really save with solar panels?" for a while now, and I think this has helped. Ever heard of - Aanarter Exceptional Ascendancy - (should be on google have a look ) ? It is a good exclusive guide for discovering how to learning how to get free power minus the hard work. Ive heard some pretty good things about it and my brother in law got great results with it.
Great Video clip! Forgive me for butting in, I would love your thoughts. Have you thought about - Schallingora Computer Reconstruction Scheme (probably on Google)? It is a good one of a kind guide for saving money on your electric bill using this simple technology without the hard work. Ive heard some super things about it and my GF after many years got amazing success with it.
Thank you so much great analysis
Wow this is so eye opening. I always reckoned that solar power could save me money over the long term, but seeing the data laid out like this just solidifies that notion. Especially with the fact that the cost of solar power equipment is always declining.
Thank you so much for sharing your experience and personal financial information. This was really informative and has me now seriously considering using solar power for my future home. You've inspired me, sir, and I'm sure you've turned a few other heads as well! Great work!! 👍
- Greetings from Toronto, Canada!
I appreciate the time that you spent going back and explaining your evaluation of the last five years. I installed panels two years ago and generate about 3.4 kW using 12 panels. My system is not grid tied, it is standalone and powers approximately 60% of my house. That does not include heat and air conditioning. however, I do have other energy saving methods. My system is also designed to protect our property in case of power outages because I live in the country and interruptions lasting minutes to days is normal. Also, the cost of energy here while it does increase approximately 8% each year, is much cheaper than yours in California. We pay about $.10 less per hour than you do.
Excellent video! Thank you for sharing your experience. It's a big unknown for such a big ticket item for most people.
Nice job, thanks for sharing.
Thank you, this was very informative. Makes me ponder how it would help our current situation.
Great analytics and advice, thank you for the truthful inside look!!!
This and those Tesla videos are super detailed and informative. Sub'ed
Thanks! Battery part two comes out Saturday!
Excellent Video, Thank you.
Nice breakdown! I liked it. Some good comparisons, graphs, prices and math.
Good blurb, man. Many thanx! Informative.
A friend of mine had a tap installed on her roof, and some permanent ladders, for hosing the panels clean. She's the forward thinker type!
Excellent, straight-forward. You're a great speaker and you explained this perfectly. Thank you!
+Dave Paris [Ricky] wow thank you, so kind of you sir! We hope you’ll subscribe we have a lot of great stuff in the works!
Well done, very informative user experience, it's nice to see an intelligent man benefit from a natural source of renewable energy.
Best video I've seen so far. Great job!!
Thanks so much! That was the best video I have seen on this topic.
That roof was whooped!!! That company broke a bunch of tiles and left them like that? That would be grounds for dismissal at my company. Also that stucco patch around the MSP is horrible! Not even paint matched.
Bottom line is if your going to get solar
1. Make sure your roof is going to last atleast another 15 years.
2 go with a reputable company and pay a third party roof inspection company to inspect the roof after install. If it fails make the company who did the install go back and make all corrections and pay for the inspection.
Spot on with your analysis. I just got 27 panels and a powerwalll setup for 20k after credits. It’ll cover my electric 100% which is nice. Finishing the permits and hopefully installed in January. Nice thing is if I need to purchase power due to weather or increased use it’ll be $.08/kw which is great. Can’t wait to start seeing the savings. I was also lucky to have all on a south facing slope of about 30deg.
Sounds awesome! I think it’s probably smart installing in the winter. Cheaper prices less markups!
Wow this video was extremely well done 👍
Explained all my questions
Wow, great video and explanation. Thank you! I am definitely going for solar.
Great video. I’m moving from MN to TX and thinking about installing solar. You make a very good case for doing so. Thanks!
DO IT! Won't regret it.
Was it only me that noticed how many roof tiles they almost certainly broke during the installation.
@Bill Really do you think that several men walking about on your roof fitting these panels would not mention before they started that you had many broken tiles and you should get the roof fixed before they started work! Of course they would, if only to cover themselves. On the other hand if you start work on a good roof and break lots of tiles who's to know. cos no one goes up there do they? Wake up you tosser!
@Bill You are a joke . please Fu*k off
My solar company said beforehand that they will break roof tiles and they will replace them. Solar panels have to be inspected and pass code after installation. That means roof is inspected also. Company guarantees a 3ft radius around each screw for something like 3yrs. Could be wrong but it's a while. Solarmax here in socal
Have you ever walked around on one of those roofs? if the tiles are 20 or 30 years old they will break and not much you can do about it. especially if they were not installed right to begin with. Also finding new tiles that match is at times impossible. Therefore the owner should be pre warned. I install furnace and A/C units. I've had to deal with these at times and it suks!
@@rheadog9546 Yes I have, my point was that this work almost always will damage your roof, no matter how good/careful the installer is. That's it really.
Thanks for sharing such a great video!
You just motivated me to check on solar again and it actually seems cheaper due to technology development! Awesome!
Very interesting video. I installed 34 panels on my roof in July 2011 so we've gone along a rather similar path. I've generated 70.8 MWh over the lifetime (also in California) so 7x the panels and 7x the power. The only difference is that I installed them myself so I saved quite a bit. We only spent $25K for the panels (230W) and inverters (also Enphase)
Here's the difference: we took out a $25K home equity loan which has payments of $200/month. We now generate 100% of our electrical power so we have no electric bill (they actually write us a $500 check every year) Our old electric bill used to be $200/month so the same amount is now paying off the loan rather than paying the utility - and no annual 8% increase! Break even is a little further out (10 years) but the lifetime of the panels and inverters is 25 years so it's all gravy at that point.
Even if you don't generate 100% of your power, the first solar cells on your roof will replace the highest tier consumption. If you can get your bill down to just tier 1 charges at $0.19/KWh, you're going great. Our peak usage was into tier 4 and billed at $0.40/KWh - twice the price! The first half of our panels would have reduced our bill by 2/3rds.
TL;DR - if you've got the roof space, solar makes sense. It's maintenance free, carbon free and domestically produced energy - what's not to like?
+RedwoodGeorge [Ricky] that's so awesome, thanks for sharing! I'd love to get to a system like yours. So my wife and I are budgeting for a few years to buy them hopefully in a few years time!
So you have the Enphase envoy monitoring software right? Feel like sharing a screen shot? Hit us up on twitter! @twobitdavinci
So cool, what part of CA? Judging by the username I'm guessing Northern California ?
Your argument is flawed and not applicable to most people. If you got the solar panels as gift, you'd see return on your investment immediately. That's just not realistic. Labor to install adds years to when you'll see your money back, and even more if you have to do roof repair.
you're pretty bad at math if you think 10 years is a good time period to break even. that 25k would be worth 65k if invested in a good mutual fund at 10 percent return.
captainkrunch: So... If you invest the savings...
From this date: Saving $200 a month (increasing by 6% a year = increased cost of electricity) for 10 years at 10% will leave you with over $51k at the end of 2027. That changes the equation a bit... It's only $14k less than you would have had if you invested directly. If the saving increases by 8% a year like in this video then you can go up to $55k.
I mean that's how I live my life. Anything I don't spend I invest.
As the cost of these systems decrease the break even time on ROI will only decrease along with it - Eventually outperforming any investment you can directly make over the same time frame. We work our entire lives until retirement to live out our twilight years in prosperity (if we are wise). Covering the electric bill is a good idea by any standard. When it's done it's done. You can weather tough times better, and it's an asset you own. Not subject to any external influence other than an "Act of God", for which insurance is usually quite reasonable. These people who bit the bullet already. You bet their lives are better than that of their peers. And what actually happened? They did not get all technical about it. They probably just ended up delaying the purchase of a new car by a year or two. As consumer decisions go... No harm no foul.
Provide solar system, solar batteries. www.orientpower.asia .
thanks for the vid. one thing i've been reading is that the typical panel has a very long life- in excess of 25 years, but the inverters are expected to last about 10 years before replacement. but not to worry, a average size single inverter is around $1200 ish... the micro inverters are much less.
Micro inverters last 25 plus years and many have long warranties
Thanks for doing that. Helped a lot
Fantastic video...really clear and easy to understand...well done
At $.39 a KWH it would make sense to install them. Where I live that cost is much lower $.11 per KWH. If I installed the same size system as you did, because of the cost per KWH it would take me about 3.5 times longer to break even, and that is close to the life cycle expected out of the solar panels. For an off grid application I have been looking at where running power lines would be prohibitive in cost, doing a system like yours would make good sense for me.
Thank You for Your Comment!
yeah .39c is insane midwest only pay 11c per up to 20k
i can't find on my moms bill where it has a cost to usage price chart like yours has...
You can purchase good quality 250w solar panels for less than $250 each today...learn to install yourself, it's not difficult, and save more.
Why do so many people believe solar panels is THE solution to saving the environment? A big problem of solar energy is what you do when you need to remove/get rid of it. How do you recycle a highly technical and complex item consisting of so many different compounds, such as Cadmium telluride or Copper indium selenide? You should always be more aware of both sides to an argument, and in fact anything you encounter.
Great breakdown. Especially the ROI at the end. Thanks for making this!
Edwin the Magic Engineer what return on investment??? LMAO
This guy is as dumb as the dork fucktard who put that ugly ass ripoff shit on his house.
Well done research this helped me a lot
Thanks for this review! Great information!
Got mine and I do not regret it one bit! Oh thank you for the information I have 20 on my roof. Oh ya in the summer the panel's keep the rooms cooler underneath them.
[Ricky] Yes very true! rather than heat your roof, and your attic and your home, requiring more AC, solar converts that to electricity. So its a double win, also as a result, your roof tiles will last longer, with less intense heat and heat cycles.
My neighbor paid way more than $10,000 to get solar panels and other equipment needed, even with a $7500 tax credit. After a few years, he needed to move and was moving into a condo. Anyway when he sold the house, he didn't get that money back that he invested in solar as the price the house sold for wasn't enough to justify his investment, so in the end it cost him thousands. Not many Americans live in the same house for as many years as they use to, so that is something to consider when investing in solar.
This is a good point. In the video he references the next 20-30 years being "pure profit", but how many people will live in the same house for 30+ years?
@@hunter371 Exactly! I understand the benefit that solar can have, but from a realistic point it's a small % of people that end up living in their house that long (let alone 10 years)
EXCELLENT !!!
Particularly the trip thru the Utility bill...Great Advice too...1000 Extra Thumbs Up!
Great video! Thanks for the info. Helps with the decision!
Here we are in 2018. My electric bill is $300 during the summer. I would love to get solar panels installed on my house but our neighborhood HOA's bylaws state " No energy conservation equipment (solar / wind) shall be installed on any lot"! Total BS!
[Ricky] Yeah I avoided any HOA's like the plague. I didn't buy a house to be told what to do! But I'm sorry to hear that... I totally feel for you. Hopefully all this sort of stuff changes soon!
Move
I wish it were that easy!
In California, and other states, there is a Solar Rights Bill that prohibits HOAs from restricting homeowners from installing solar.
HOAs are nothing but corrupt organizations giving them legal right to rip you off any way they can. Ask the realtor first thing because they will fail to mention it until closing because they know people HATE them. My brother lives in GA inside an HOA and they are crooks. He can't even clean his gutters as all/any work performed on the property MUST be done by contractors on their exclusive list (Friends and family of the board). They charge twice as much as they should because, well, they can. The list is super long of restrictions and they will even tell you what kind of vehicle to drive as my brother's doesn't permit pick up trucks unless they belong to contractors working on your property. They employ a guy whose sole job is to do nothing but drive around looking for violations to fine for. Bottom line is stay away from them!
Thank you for the break down and explanation. I am seriously shopping and considering putting in Atleast a 10kw system.
If you not on any cash returns. Just contact power supplier. figure out your panel requirements for you and where you are. add maybe 1 kw extra panels to cover cloudy days. and stop there.
Any more. is realistically in THEIR favour regarding free input to them supply. You can't stockpile it without battery bank.
If you have such. Get as many battery's and panels as you need to cover your input over the 24 hr cycle. Have fun.
I've got a 200w panel here waiting to go on roof of Ute to supply tray battery's when we go again. Plus tiltable, to make into a wind deflector for full height Caravan on back of Isuzu Dual cab ute. (low in relation to front of big. sq fronted van.)
Thanks for the video. It's great to see real-world applications and costs.
Thanks for the insight, this will help me make my mind up
Thank you for a very informative video. Well done
+Norman Tinniswood [Ricky] thanks so much! Very kind of you to take the time ;)
It is a FABULOUS video!!!!!! I am still in my research stage (the very end of it) and will be implementing (solar and vertical wind) what I have learned from people like yourself. I closely pay attention to peoples "Ooops" and problems; and try to find ways that I will not repeat their issues. Please keep up the good work. You are straight forward and a good teacher. I shall watch more and learn more. GOD Bless.
+David Fr [Ricky] wow thank you sir! Very kind words indeed. I hope you just remember you can expand on your system later. It doesn't have to be all or nothing ;) one thing I didn't mention is run large gage wire like 10gage so you can continue to chain micro inverters to it without needing another wire to the circuit box.
If you ever have questions please don't be shy! I'm a mechanical engineer and just love this stuff. Give us some good ideas and we can make a follow up video!
Have a great weekend!
Thank you for your words of wisdom. I have chosen a system to cover all contingencies and then added 13% more to the number of panels. I also will be using 2+ vertical wind turbines. Thus my power needs for the house is well covered. Another system (solar and wind)will be installed for the farm yard and barn areas. And another separate system (solar and wind) dedicated to the walk-in freezer (cargo container/trailer) and root cellar (cargo container/trailer) I pray that I get it all setup correctly. I have already touched bases with EPA, USDA, DOE, and several other for full reimbursement of all of my systems. I will keep you informed on how it all works. I will be totally off grid and self sufficient!!! I look forward to it.
So "the government" is going to pay for your system? No, your fellow tax payers are paying of it. You sir, are a leach.
[Ricky] Hey Don, I removed my comment, you're totally right. I let a troll get to me, but I'll be sure not to let that happen again. You're a class act, thanks again, and I hope you'll still considering sticking around and subscribing. I'll hope to hear from you again!
In this case government is paying for good stuff as over long term they will be saving money on other things like health care as the air you are breathing will be less polluted.
We have put panels on two homes now! Great video. Thank you
Excellent report, thanks
I've been wondering about the return for YEARS. Great info. :>)
we are going to do an 8 year follow up in February with a lot of updated information! We hope you'll subscribe and stay tuned!
Just subbed after looking at some of your other vids. Go man, GO. :>)
@@corvuscrow5485 video
@@briandriscoll643 - ...asshat...
Thank you!
Although you should add " financial cost" (is the correct traslation?), the value of money in hand is higher than the same amount after 5 years. Consider the "interest compound" (again, hope it is a good traslation. The profit you have if you put the cash in a bank "fixed term deposit")
But the important: the data is valuable and you are saving the planet.
Nah, the planet will be fine, the people are fucked. :p
Mark Beiser That's absolutely true... The plants started! The planet was fine until they contaminated the air with the explosive and corrosive oxygen.
@Joaquin: The word you're looking for is "opportunity cost", money you can't use elsewhere. @6:34 - The TRUE COST of the unit is still $10,000, YOUR cost was only $6,400. thanks to subsidies. (You're welcome.) At 10% interest (if you could have found it) that's ~$64/month, the same as your monthly savings, so kinda a wash. But you've got taxes, investment risk, inflation on one hand and depreciation (it wears out), unit failures, and Acts of God on the other. You're also using the utility as a giant battery which is easy but I find distasteful -- run STANDALONE or DON'T. On, and @Mark the planet is doing just fine, it's the _biosphere_ that we care about is a bit changed. "What doesn't kill me makes me stronger" -- that's pretty much evolution as long as you're still within reproduction age.
Actually, unless things have changed in the last few years, it takes about as much dirty energy to make a solar cell as the cell will produce in energy over its lifetime. So, unless the cell was made with clean energy, it doesn't do anything to save the planet.
What he left out was the present vs. future value of money as well as inflation.
Thank you for sharing, this will help me make my discussion
This was great information. Thank you!
Awesome numbers!
Thanks, glad you enjoyed it!
zzz43452
Great idea (I had it too!) but, I've run the number for that, the economics don't work out.
Is very true. At last, we users are going to be the loser.
His numbers and mine don't anywhere near jibe. The chart showed current price at 30 cent/watt for panels, It more like $1.00 per watt. So that's a factor of 3, and that's just the best Ebay price for panels. And he's quoting 19 cents/ KWh for electricity, where I'm paying 9 cents/KWh. again, a factor of 2. So instead of an 8 year break even, it's a 48 year break even, and that's not including install labor, inverter and all other misc. sundry items needed. Sounds like a great idea for a sail boat in the middle of the Caribbean but not so much where the utility company will bring you a wire.
yeap, without maintenance cost and depreciation. pure lost!
Thank you. The ROI is the reason we have not gone solar. We just don't know when we may move and it may be sooner than later.
so I'm about to start going out to market to sell solar panels. I think I'm going to use your video to educate people. Because you're such a knowledgeable and trustworthy guy that just wants to give facts and I've watched where you cover kind of more fantastic stuff. And still giving unbiased facts best you can. And I thank you for that sir. And I hope I can get you a ton more views 🙂
Thank You the info has helped sooo much
If your local corporation commission is allowing 8% per annum you are being fleeced. The occasion for a rate increase of this proportion should remain exceedingly rare. That is unacceptable.
[Ricky] I couldn't agree more, welcome to California!
Kilowatt lab update
The system is very efficient
A very informative video ! Thanks .
Thanks, very informative
This is the most concise and straightforward presentation of solar I have seen. Simply brilliant. Thank you!
''it doesn`t mean they are greedy'' your kidding right. Power companies need more competition
If you want the best home solar energy system online then go here now: HootPower.xyz
How do you mean? A nuclear plant competes with a natural gas plant, coal plants as well as government subsidized solar and wind. There is a ton of competition. It's probably more accurately that you need more education on the subject.
At $0.10152 per kWh (my local electric company), that's still cheap. Although unfortunately he paid $10,000 5.5 years ago, generated 10,500 kWhs over that period of time so he only saved or made $1,065 (a lot more if he were in Maine).
The competition would not really drive down prices and honestly trying to add competition right now may be even worse than you think considering who owns all the current infrastructure, the demand is starting to shift, the long term of any new company would be shaky and if we are going solar how will they compete? The only true competition is leasing solar systems to home owners.
Chad Noneo I think the best is to start solar now before the utility companies get to control it even more. Build on the system like he said in the future and if the utilities get even greedier or try to regulate more or successfully petition to stop net metering for example, buy a battery and go off the grid. Just like the panels, battery technology is improving and cost is decreasing. That is my plan. I already stand alone with heat (outdoor wood boiler) Electrical is the next monopoly I want to get rid of. Water, I have a well and septic. No city services for me please.
Excellent analysis. Thank you!
thank you! well done for those of us looking for raw examples...
I think the idea of cooling my house with the sun in July is nice
Lol shut the fuck up
In 2019, mine paid for themselves in 4 months. I'm totally off grid in Florida.
Really?? How? That’s record time!
@ Right! That's BS!
You got the panels for free?
@@Gamyuiii Dokio 110 watt all I need, $124, includes charge controller, all I needed.
Greg p i see thats not much then.
Im considering getting my 6.6kw panels but im not sure if its worth it to wait 10 years for it to pay back itself
I have a remote cabin with just about every amenity you’d have in a house and by going solar I have saved having to haul hundreds of gallons of fuel. I have a 4KW 48v inverter and 15KW of battery bank. I used to run a Honda 2000eui 2-3 hours a night and now the sun charges the batteries. I love the quiet and only hear an occasional plane go over.
A really good informative video, great pacing, great info, nice, really useful
awsome. I love it. great help for future plans
Thanks Brian, please let us know if there are any specific questions you have. Thanks for watching!
Great video, thanks! I like the cost analysis.
+David Ball thanks David! We're a new channel and we hope you subscribe. We're still finding what our viewers are looking for, so if you have ideas on what you'd like us to cover, let us know! Have a great day!
Two Bit da Vinci I'm interested in all things solar and energy in general. Anything to get us off oil. Subbed 😀
+David Ball you're a man after my own heart. So we're starting a Sunday morning chat series. Next week, Apple, then Home Automation, then we're covering Tesla and electric cars. So stay tuned for that. Also I was thinking about making a video on Why Solar Panels are so political, which I think you'll enjoy. Thanks for being a part of our community!
10k/0.78k is 0.78% roi per year. if you bought a house in japan or australia you can get 12% but hoses cost a lot more. if you invested in stocks you might get a few percent but with houses and stocks you might lose 50% if there's a crash like 2007. if you bought solar in 2007 not only would it be paid off by now you would have that 0.78% roi (really panels are 1/4 of that price nowadays so more like 3% roi) locked in plus you can only invest alimited ammount in solar unless you open a solar farm ao its makes sense to invest as much as you can spare unless you have a guarenteed better idea. plus stocks dont run you toaster
As a finance professor, I can only say that your analysis is wretched. Discovering whether your investment is a good one as compared to other ways of using your money requires both more data and a different mode of analysis. The bottom line question is whether your investment shows a positive net present value at a relevant rate of discount. You haven’t gotten anywhere near answering that question.
GREAT 👍 video thank you for taking the time to break it all down.
Very nice...concise and informative!
We are living on solar here in NZ :D It's the perfect power system for our yurts :D
Isn't it sunny almost everyday.
What's a yurt?
Why do so many people believe solar panels is THE solution to saving the environment? A big problem of solar energy is what you do when you need to remove/get rid of it. How do you recycle a highly technical and complex item consisting of so many different compounds, such as Cadmium telluride or Copper indium selenide? You should always be more aware of both sides to an argument, and in fact anything you encounter.
What about replacing of batteries every four years.
5 years is most VRLA solutions although you can make them last a lot longer if keep them in good condition. I have some VRLA's that are 11 years with 97% efficiency. If you move to wetcell, you can last 20+ years.
you changed from a logarithmic price increase and used it as a linear cost savings for past years. In general, a person can expect break even at 10 years, and earlier if your energy supplier has a buy back program. But if they start charging additional costs for co-production, that is extended out.
Also more complex setups can capture significantly more power, but this is a good example for getting started
Thanks for doing this video.
Good job explaining this to your subs. I'm thinking about trying to install one of these systems now that they are so much cheaper.
Great video! Very informative! Thanks.
What you really need to do is to do an IRR calculation to determine if it's worth it not one of those payback calculations.
Great info thanks!
Thank you for this video!