New Breakthrough Could Slash Solar Prices To New Lows

submitted by Chop_Chop from oilprice.com

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[–]magnora7 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (4 children)

I hope so! It's almost at the tipping point of being economically viable. The payback time right now is about 10 years for a solar panel. If they can get that down to 1 year, then we'd really be getting somewhere.

[–]pcdoodle 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

For the DIY crowd the payback is in 5 years (This is without subsidies, just doing it yourself minus an electrician doing the termination at your electrical panel). Panels are under $0.50/watt buying 20 or more. Let me know if you need a source.

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

5 years? I looked in to it just a year ago and it was 10 years without subsidies. Good thing it's coming down, either way

[–]pcdoodle 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Micro Inverters are about $100 each and 300w panels about $150. Ubiquiti has a nice calculator for their sunmax product that lets you overlay panels on google earth and calculate production. You can use it without making an account.

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

300w panels about $150

Really? I was seeing $100 for 100W when I looked online, but you must have some good hookup