Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.
this post was submitted on 17 Nov 2023
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I just installed a 9.3 kW system with individual microinverters under each panel for grid stability and it is absolutely amazing how much you can power all day without threatening a massive bill at the end of the month. I still import power at night, but the power companies usually have agreements where you get credits for all wattage exported to the grid to cover your imported power at night, because both parties win in that contract.
Do you mind sharing what price one can expect for an install that size (or similar)? I’ve been wanting to install a system like that on my house for a couple years. Now that prices on hardware are more affordable it’s becoming very tempting. I’d love to do it myself.
It depends, $180/mo for 25 years is the agreement and it's directly connected to the grid both ways which required additional work from the power company to inspect and approve. I think given the projections it was rated for about 25,000 kWh per year * 25 years (approaching 85% efficiency after 30 years), which is a good amount of total production for my needs. Edit: it's worth considering what $180/mo will look like in 5 to 20 years.. it will probably be significantly cheaper compared to other power sources because it's generated locally.
Yes the time value of money can work heavily in your favor when projecting that far out. The way the housing market is right now, I might be here for a while 🤣 Thanks for the response!