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Old 04-21-2015, 08:53 AM
 
Location: Port Charlotte
3,927 posts, read 4,780,796 times
Reputation: 3409

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Neighbor behind us just covered his roof with solar panels. So I decided to look at cost vs return.

Ran the figures. Didn't matter whether it was purchase or lease, I ended upside down. Now I will say that I am on FPL and not Duke Energy, can make a big difference from what I am given to understand. Over the probable life, I would not recover the costs unless the state was to dump a humongous subsidy (someone else's taxes paying for my solar panels).

So before you jump out there when some slick salesman comes around, run the figures. Also, be aware that there are all sorts of pitfalls if you lease, then try to sell the home (what if the new buyer doesn't want the cells-you have to buy out the lease).
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Old 04-21-2015, 11:33 AM
 
21,193 posts, read 30,379,606 times
Reputation: 19627
That's criminal that in FL installing solar is more expensive and doesn't pay a return.
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Old 04-21-2015, 05:17 PM
 
11,383 posts, read 7,798,607 times
Reputation: 12274
I would love to see solar become mandatory for new homes and buildings.
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Old 04-21-2015, 06:38 PM
 
10,575 posts, read 10,853,403 times
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Quote:
Originally Posted by kyle19125 View Post
That's criminal that in FL installing solar is more expensive and doesn't pay a return.
why? It's criminal because there aren't enough subsidies to make up the difference in the cost vs expected life of the panels?

What's criminal is subsidizing something in the first place. If Solar is truly the cheaper long-term alternative, it shouldn't need subsidies.
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Old 04-21-2015, 07:11 PM
 
Location: Sarasota FL
6,860 posts, read 9,293,564 times
Reputation: 6565
If you install panels for hot water to save $9 a month and the system costs $10,000, pay back is 92 years. If electricity costs doubled, you're still looking at 46 years.
Even if there is a $7500 gov. subsidy pay back is 23 years.
Want to save money on your water heating costs? Install a timer on it.

Last edited by d4g4m; 04-21-2015 at 07:20 PM..
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Old 04-22-2015, 01:16 PM
 
21,193 posts, read 30,379,606 times
Reputation: 19627
Quote:
Originally Posted by chopchop0 View Post
why? It's criminal because there aren't enough subsidies to make up the difference in the cost vs expected life of the panels?

What's criminal is subsidizing something in the first place. If Solar is truly the cheaper long-term alternative, it shouldn't need subsidies.
Yeah it's criminal that there aren't subsidies to encourage it versus pillaging natural resources which would seem obvious...to most.
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Old 04-22-2015, 01:18 PM
 
21,193 posts, read 30,379,606 times
Reputation: 19627
Florida utilities say solar doesn't work in the Sunshine State, but it sure does in Georgia | Tampa Bay Times
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Old 04-22-2015, 02:08 PM
 
Location: Wake County, NC
2,983 posts, read 3,793,432 times
Reputation: 3505
It's interesting that even tea partiers, libertarians, and christian conservatives pushed for solar in Georgia. I imagine in Tallahassee solar is frowned upon just like discussing climate change.
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Old 04-22-2015, 07:17 PM
 
Location: Sarasota FL
6,860 posts, read 9,293,564 times
Reputation: 6565
^^^^
The math for pay back doesn't work in GA or any other state.
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Old 04-23-2015, 05:56 AM
 
21,193 posts, read 30,379,606 times
Reputation: 19627
Quote:
Originally Posted by d4g4m View Post
^^^^
The math for pay back doesn't work in GA or any other state.
It's not about payback.
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