29 Nov '13, 12pm

Which Solar Prices Really Matter To You?

Wow, the website quoted me a very steep price. $42K for 8kW system before rebates!!! They seem to be in cahoots with solar installers who are ready to skin you alive! For Thanksgiving sakes, we do not live in Hawaii to deserve such exorbitant prices, you know. Seems like they are a front for Solar City as Solar City quotes prices in the same range (depending on quality of solar panels and peripheral equipments used), and they are the highest in the nation, to entice you to do the PPA with them instead as that is their most profitable model. The $5.25/watt quoted price means that for an APR of 4.99%, amortized over 20 years, the panel be better producing $0.42 amount of electricity per year to break even. If we use national average of $0.12/kWH, and 1 Watt panel produces 1.8kWh/year, the amount of electricity produced is only worth $0.22/year. It means that we are losing $0...

Full article: http://cleantechnica.com/2013/11/29/solar-prices-really-m...

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