Written by Jim the Realtor

May 28, 2011

Rick and Nancy give us a tour of their recently-installed solar panels.

19 Comments

  1. thereisnorule6

    loved it. Thanks JtR.

  2. doughboy

    Good video Jim. Vista could be the ideal micro climate for solar production, sunnier than the coast, cooler than inland valleys. So are we looking at roughly a 20k system here? Just guessing at $200 mo. for 8 years break even on install. Looks like a great house to spend the Memorial Day weekend! Happy Holiday all!

  3. Jim the Realtor

    Yes, up front it was $30,000, but after rebates and fed tax credit it’s down to $19,000.

    An interesting dilemma on when to buy solar:

    1. Now, when there are more rebates/credits, or
    2. Later, when costs drop some more?

  4. Kardashianians

    Great post. Thanks JtR. Good weekend everyone.

  5. casanova

    great post. about time to invest heavily in solar and get rid of our oil addiction…

  6. François Caron

    I like the battery-free approach. Those things are environmentally hostile enough as it is. Just like the Toyota Prius! 🙂

  7. College Joe

    Cool!

    We have that second type of solar he mentioned, for the pool. It does a great job of heating the pool and sometimes we have to turn it off during the summer because it gets too warm and we’re by the coast where it’s cooler.

  8. Thaylor Harmor

    Once it gets to a 5 year investment I think it’ll really kick in to gear.

  9. Ocrenter

    To answer JtR’s question. One other issue is as price goes down, the technology will probably get better as well.

  10. Dwip

    Very interesting. Thanks to your homeowners for discussing it all so forthrightly. Eight and a half years payback seems like quite a reasonable payback period.

  11. Otto Maddox

    Instead of calling it a tax credit from the IRS, I’d call it money from your neighbors.

  12. clearfund

    Agreed Otto – What did we all learn on this blog about housing prices when the $10k credit existed then ended. Home prices were up because of it.

    With a 30% credit, contractors can push the price higher since only 2/3 of it passes to the consumer. Remove Shadash’s contribution (i.e. tax credit) and they’d have to fight harder to narrow margins and bring costs down on both panels and labor.

    Lastly, the industry has been touting ‘parity’ with grid pricing as being right around the corner since the 1970’s….it will never happen until they can have a breakthrough in the efficiency of conversion in the PV panels.

  13. d^2

    $20k / 8 years / 12 months = $208 dollars a month in electricity? and that’s only 85% of his usage? is that right?

  14. RJ

    The typical sales pitch is “Solar will be competitive in five years” — but they’ve been saying that for 40 years.

  15. Jeeman

    Very nice video. Been considering it, but I am of the mind to just let the prices drop. Early adopters always pay more.

    I didn’t get how much electricity was being produced daily…and how many hours of sunlight were on his roof to produce that baseline. Is there an estimate of how many sunny days per year in his calculations of yearly electricity production?

  16. Jeeman

    Otto Maddox,

    It’s money from your neighbor only when your taxes paid for the year dip below $0.

    Otherwise, it’s money from your pocket, that the government is confiscating and fixing up perfectly good roads.

  17. Dan Tanner

    Buy solar panels when you can pick them up off the shelf in aisle 3 at Lowes. Right now the breakeven point is very doubtful even considering the enormous subsidies offered.

    Subsidies = $$$ = Energy. Taking energy from one set of electricity ratepayers to make another set feel good about themselves because they have solar panels doesn’t solve anybody’s energy problems.

  18. Wende Pfahler

    Hi all– I am the Solar Power designer/sales person for this system. If anyone has any direct questions, please feel free to call me at 858-863-3781.

    There are some great comments on here. A couple of quick responses —

    With regard to technology getting better, solar PV is a very mature technology. The first panel was made over 50 years ago and is still working.

    Payback is 6-9 years on average if you have high bills, a good roof for solar, and an honest contractor– and this is for something you have to buy ANYWAY. Why not pay yourself instead of enriching the utility co.? What’s the payback on renting your energy?

    With regard to the comment about raising margins with the advent of the 30% tax credit– that simply didn’t happen; in fact prices went down the following year if you look at the price per watt history the last three years.

    Regarding subsidies, everyone who pays baseline rates gets subsidized power; so that means we ALL get subsidized power. The difference is that coal based power pollutes the air, whereas solar power helps keep the air cleaner. So it isn’t just about one person feeling good about his or herself; it is about one person helping everyone breathe better air, which saves all of society money in the long run.

    Even if you could pick up panels at Lowe’s for cheap, there is a lot more to a solar system than that. The panels don’t work by themselves, and the rest of the system is very important and far more complicated than you would think. (That’s like saying if you could buy wood for cheap at Lowes, it would be easy to build a house!)

    Thanks for the amazing video and the great comments. Thank you Rick and Nancy for being awesome customers!! Wende Pfahler, Real Goods Solar, wende.pfahler@realgoods.com

  19. Josie

    I think I’m going to wait until the solar panels are as thin as plastic newspaper bags.

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