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The time is already here. Anyone can now buy panels at ~$0.50 per watt, from Alibaba. To power a 10,000 watt home costs ~$5,000 in panels. Add $1,000 for an inv
by carlosrt 13y ago
The time is already here. Anyone can now buy panels at ~$0.50 per watt, from Alibaba. To power a 10,000 watt home costs ~$5,000 in panels. Add $1,000 for an inverter and misc, add another $4,000 for installation labor (I'd pay ~$1,000), so for $6,000 to~$10,000 in total costs one eliminate their electric bill. That's a payback of ~3 to ~4 years. A 3x to ~4x revenue multiple seems like a cheap price to pay for an income producing/saving asset.
http://www.alibaba.com/showroom/price-per-watt-monocrystalline-silicon-solar-panel.html http://www.alibaba.com/showroom/price-per-watt-monocrystalli...
- maxerickson 13y agoThe capacity factor for most of the U.S. is a lot lower than 1. If you actually have 10,000 watts of demand, you need more like 40,000 watts of panels. (Lots and lots of homes would probably meet most of their usage with less than 10,000 watts of panels, but they also aren't paying $3,000 a year in electric bills)