Is Solar a Scam? Real-World Results After 1 Year

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Ben Sullins

Ben Sullins

3 ай бұрын

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Пікірлер: 103
@flyboypat
@flyboypat 3 ай бұрын
Great video, thanks. Buying the solar panel's outright is definitely the way to go. I can't afford to do that right now. So I tried going the sunrun route. But once I heard there spiel about my rates going up 2.9 percent per year. When my commed rates only go up 1.9 percent per year average. I was like this is ridiculous they're just scamming money. So I'll wait a few more years until I can pay off a few other things. And then I'll look at buying solar panels and possibly batteries.
@Robulite
@Robulite 3 ай бұрын
Yeah used or clearance panels end up being like $0.40 per watt(not including shipping). My 5Kwh set of panels cost me $1300 after shipping, taxes, and everything. Had an electrician install my Ecoflow smart home panel 2 when he was upgrading the original circuit panel. I put the panels in the yard and spent roughly 8k total for parts and labor and have whole home battery backup now. After the 30% tax credit it's not bad. Electricity is $0.11 where I live so the return on investment is around 4.5 years. And the electric company doesn't charge me the extra fees they do for solar users since I don't feed back into the grid.
@brady783
@brady783 3 ай бұрын
I installed solar a few years ago, before we had two EVs. The ~5kw system is enough to run the house. Charging both vehicles represents our net power usage. Power bill varies wildly, based on our mileage.
@justingibides195
@justingibides195 3 ай бұрын
This is like OG Ben Sullins! Solar and spreadsheets! Love it. Keep it up Ben, thanks for the data.
@MichaelSmith-px1ev
@MichaelSmith-px1ev 3 ай бұрын
In Australia we are getting higher percentage of savings due to higher gas (Petrol ) and electricity prices.
@wjc303909
@wjc303909 3 ай бұрын
Great video. Even with your basic setup, it shows solar and batteries is the way to go.
@anekinoo7
@anekinoo7 3 ай бұрын
Not really. His break even is much longer. His average electricity kwh is 0.14. Atleast 15-20 years. He mention it in his video. Using average doesnt matter. Just what his electricity company charges.
@BrandonDoyleMN
@BrandonDoyleMN 3 ай бұрын
You could also discount the future payments to get the present value, and if you really want to get crazy you can figure out what it’d be if you moved and had to sell the house in a given number of years including the residual value that the next owner might pay because it has solar. When I calculated this for us here in MN including the federal tax credit we got and interest on the loan, our break even is around 7 years and then after that we make about $1,500/year until we either move or need to remove/replace the system. We have net metering here but our rates are around the national average so much cheaper than where you’re at
@EscoTerrestrial69
@EscoTerrestrial69 3 ай бұрын
Who do I call to see if I have net metering? My solar company?
@NeilBergman
@NeilBergman 3 ай бұрын
Really good analysis. Thanks, Ben!
@Radium3D
@Radium3D 3 ай бұрын
Our 8.4 kW system with a single Powerwall+ installed in 2022 was well worth the $22,000 it cost us after incentives. We have two EV (a model 3 RWD and a model Y LR AWD) and it's been amazing not burning cash on oil for driving and living comfortably in our home. Also in San Diego so we produce ~10.6+ MWh /yr which offset 82% of our energy usage last year.
@michaeldeforrest4497
@michaeldeforrest4497 3 ай бұрын
Thank you Ben for a concise, informative video. A question regarding the Franklin batteries, what's the life span? My Enphase battery is good for 4500 cycles or 10 years.
@kevtheobald
@kevtheobald 3 ай бұрын
There is no perfect way to figure out the benefits and cost savings ng, but the one area I wonder about is the battery storage. Unlike the panels which have the two decade plus life expectations, it seems the batteries generally hit 10 years. That does not mean the batteries die at 10 years, but it will be interesting to see how those play out. I am looking to add battery storage to my 6.6 kw system that I installed in 2018. PG&E brags about record profits as the jack out rates up 16% because they "need to increase" rates to survive. Greedflation flying high and I would rather buy batteries and cut PG&E out of my life as much as possible.
@Paul-cj1wb
@Paul-cj1wb 3 ай бұрын
Sounds to me like PG&E is trying to put itself out of business. The more they raise the rates, the more and more solar and batteries are installed. And LFP batteries easily last 20 to 30 years. And if you have an EV with vehicle to grid, then your EV sort of becomes your battery storage. Or at minimum, it gives you a much larger storage array for when your home batteries run out. You'll rarely use the grid.
@imzjustplayin
@imzjustplayin 3 ай бұрын
If you have NEM2 don't bother with battery storage as you won't get much of any benefit with it. You can do battery storage if you want backup for your house but if you're trying to take advantage of the NEM3 scheme, you won't be able to. There isn't a huge hurry for NEM2 customers to get battery storage unless they want a little battery backup if the grid goes out.
@4g63attack
@4g63attack Ай бұрын
Great video. I’m slowly putting a off grid 3,2k watt panels, split phase inverters, and looking at 20 k watt batteries storage. I’m also thinking of possible getting a plug in hybrid in the future… doing I know I would be saving a bit of money… specially here in California where they are planning on income based electric fee…
@jasonhatfield4747
@jasonhatfield4747 3 ай бұрын
We have a 12.5 kw system paired with 2 Powerwalls. We've been very happy with it all so far (it's been about 4 years). It's capable of running our house off grid in ideal weather (mild temps and sunny days). But, of course, we live in the midwest where the conditions are often not ideal. But, even in the winter and in the heat of the summer, the system is still capable of off-setting our electricity usage by around 75% on average (we have a big house with 2 A/C's and an EV). We have had a couple of panels go bad, but the manufacturer/installer has held up their end of the bargain when it comes to replacing them no questions asked and no fuss.
@elainebradley8213
@elainebradley8213 3 ай бұрын
In Northern Ontario we were spending $600 a month for gas. We now have a tesla model 3 which normally costs us $30 a month. We still have the truck which is only used occasionally. Major savings. We do wonder about the advantage of solar so are still waffling.
@retireorbust
@retireorbust 3 ай бұрын
Check out Matt Ferrell Undecided. He's in Massachusetts and put solar even on the north side of his roof. Of course like most Democrat run states the electric is expensive. I always thought if I were going to do solar in the far north I would add a sun room on the south side of my house and put the panels within the sun room. They will be more sheltered and this should extend the life and I believe they should be marginally more efficient. And you don't want to have to get up there to clear snow and ice. They could be placed on the back wall so that you still get solar gain on the passive side. Apparently placing them true vertically does not diminish efficiency all that much from what I have read.
@ripvanstinkle
@ripvanstinkle 3 ай бұрын
Thank you for sharing. Nice video.
@BASEJPR
@BASEJPR 3 ай бұрын
Well, you should compare with the EV discounted rate for electricity (should be around $0.18/kWh) not the regular price...
@petergordon931
@petergordon931 3 ай бұрын
Interesting, but I read that when you include the replacement costs of the batteries of the car or suv then the advantage in cost saving is much less.
@jmacd8817
@jmacd8817 3 ай бұрын
And if you include required maintenance, EVs get even better. But hey, replacing/rebuilding an internal combustion engine is free, right? And, EV, battery and solar power system costs will continue to drop, as economy of scale improves it all.
@KiwiShoot
@KiwiShoot 3 ай бұрын
Love our solar. Total install costs / power produced = what you've paid the equivalent in kw. And when that figure is lower than was electricity goes for... it's a win win.
@johnanderson9735
@johnanderson9735 3 ай бұрын
For me having the battery backup for things in the home and medical devices, solar is worth it. We will also be able to charge our EV’s with battery energy to a point. The panels were expensive, but we got nearly a 90% rebate on the batteries here in CA, so that was a big win.
@Robulite
@Robulite 3 ай бұрын
The only downside of solar for me is I wish I could charge my car from solar, but then I'd have to buy a house battery that was much larger. At $0.06 Kwh for super off peak hours it doesn't make sense to buy a large enough battery to charge the car. I only need to charge 45Kwh a week.
@ushipb00
@ushipb00 3 ай бұрын
You said you have 28 panels and you have at approx 8 kw array. Your panels must be around 300w? Did you buy these panels a long time ago or was 400w not available? Was it cheaper to go with the lower wattage panels even with the limited roof space?
@BenSullinsOfficial
@BenSullinsOfficial 3 ай бұрын
yeah these are older panels we have, getting some new 400w ones soon tho!
@anekinoo7
@anekinoo7 3 ай бұрын
Bro posted a 1 year results but its a old system he had for years. Such BS 😂
@edgardorodriguez
@edgardorodriguez 3 ай бұрын
Excellent video you only forgot some key points from the benefits going electric the savings in maintenance. And on the solar no power outages and maintenance. But great video explaining everything I have solar and Evs and hoping never going back.
@kalanaranaml8318
@kalanaranaml8318 Ай бұрын
How is output Solar panel in winter season
@BenSullinsOfficial
@BenSullinsOfficial Ай бұрын
About 20% lower
@andyfpt
@andyfpt 3 ай бұрын
Wow that price of electricity is insane! Solar is fascinating and if I paid that price I'd get solar for sure. I'm fortunate to be on inexpensive municipal electric in western NY which is mostly hydro with a bit of extra nuke in the winter. Don't kill me but I pay less than $0.05/kwh. Solar would never make sense for me even if I had EVs. Good stuff though this stuff is interesting.
@WHATSINSIDEFAMILY
@WHATSINSIDEFAMILY 3 ай бұрын
Nice jacket
@808mode
@808mode 3 ай бұрын
There’s tons of variables that make justifying upfront costs vs long term savings of EVs, solar, and battery combinations a very complex personal endeavor. But the utilities knew you could easily save 100k if you installed before April 2023. That’s when the CPUC let CA utilities kill NEM2.0 incentives for new solar installs - mainly the 1 to 1 buy/sell deal and banking annual true up summer credit. With NEM 3.0 it’s 1 to 4 buy/sell and hidden monthly true up doesn’t carry over summer credit. So while that forces more expensive battery storage it only benefits for banking overnight - but not for the season cycle in winter. So NEM3.0 invalidates any green energy or savings tips plus the CPUC/utility’s ridiculous arguments that solar was burdening non-solar customers with grid costs. Meanwhile besides passing fines from lawsuits to customers, PG&E just doubled rates and made billions in profits while their CEO made $50 million in one year. So yes still get EVs with solar/batteries - because fuck the CPUC🖕, fuck monopoly utilities🖕, and of course fuck big oil. Sunlight is the best energy 🌞😎👊🏼
@batsonelectronics
@batsonelectronics 3 ай бұрын
Panels still work after the 25 years, just at a much lower efficiency ( maybe 50% ) so they still have value even after 25 years, just not as much as when new.
@USNEM
@USNEM 3 ай бұрын
Try 80%
@waynecartwright-js8tw
@waynecartwright-js8tw 3 ай бұрын
I still monitor my installs from 2011+12 , degradation in output hasn't been a thing. My own are 8+yr old. In the UK the modules had to produce 80%+ at 20yr old to be approved for accreditation for MCS. (Body set up by the government to police solar installers)
@batsonelectronics
@batsonelectronics 3 ай бұрын
@@USNEM Yes , I know. I gave worse case scenario just to prove the point, panels are still useful after 25 years.
@imzjustplayin
@imzjustplayin 3 ай бұрын
Efficiency drop isn't that drastic actually given the fact that the 25 year warranties on these panels is between 80-90% guaranteed output. My panels are 15 years old, still output at least 90% of PTC name plate rating.
@samratsumit
@samratsumit 3 ай бұрын
The math may make sense for Ben, but for most people it makes no sense. If you were to open your own spreadsheet and do the math, the break even point for any solar system is about 7-10 years. The problem of why most people cant afford solar is the high initial cost and high interest rates. If you were taking a loan to pay for the setup, you wouldn't break even for 15 years, even with increasing electricity cost model. The right way to go forward is for governments to do their job and invest in renewable energy(engage private multibillion dollar energy companies), that way everyone uses renewable energy like Wind/Solar/Tidal and its not dependent on
@rickyblase5170
@rickyblase5170 3 ай бұрын
Everyone has to pay for electricity. If you install solar, you pay a lump sum up front (or finance the cost over time), and afterwards you have a value-creating asset. High interest rates make it more difficult, but at least your payments are fixed -- whereas your utility bill will rise. I am not in a situation where solar is practically feasible (apartment), but I would rather finance an asset that I will own than send a check to the welcoming hands of the utility monopoly
@samratsumit
@samratsumit 3 ай бұрын
@@rickyblase5170 The asset loses 10% of its efficiency at 20 years and needs supplement high investment(50% of the total initial value) every 8 years if you have batteries, as battery pack have a 8-10 year lifetime. The solar energy as asset depreciates worse than a car. I did the math, I would ask you to trust data that you put on a spreadsheet yourself, you will see!
@imzjustplayin
@imzjustplayin 3 ай бұрын
@@samratsumit That's not true. Solar PV has guaranteed output of 80-90% for 20-25 years. As for batteries, I agree they're not a good value unless you specifically want battery backup for the house.
@rklauco
@rklauco 3 ай бұрын
This video amplifies the feeling of injustice I perceive - a lot of people are against solar and EVs simply because they cwnnot afford it and they feel "left out", comparing to rich people able to cover the upfront costs and then save a lot - or even make a profit. Even worse if they have to take a loan or lease - both on the EV and the solar panels :( I think it is time to address this inequality somehow, or fuel poverty will hit us big time.
@KyleVeatch
@KyleVeatch 3 ай бұрын
Agreed. I love all this stuff. I love solar, EVs, whole home batteries, it is just out of reach for a lot of the middle class. The cost of an electric car is not a "wash" because I would never buy a new vehicle anyways, and the price of even a used EV is not in our budget. It also does not make sense for me to take out a solar loan for $20-30k at 5% interest, even if in the long term it might make sense financially. I think they really need some more aggressive federal programs that make EVs and solar obtainable for more people, including very low interest loans for solar or EVs.
@808mode
@808mode 3 ай бұрын
The wealth gap is a problem but it’s not rich vs poor. It’s people vs corporations. To make a widely available improvement people need first to pay into the more expensive stage so it establishes a process to lower costs. That’s why Teslas (as a good corporate example) sell the most expensive cars first so it pays and paves the way to make the cheaper ones. As a bad corporate example are the CA utilities for profit that just doubled our cost of solar AND electricity rates.
@torocars9227
@torocars9227 3 ай бұрын
How do you solve Inequality ? Work! Do good work , you’ll be equally rewarded. Inequality is some bs government uses to as an excuse to convince the foolish lower & middle class people , it’s okay to weaken their buying power by increasing national debt to make more fake money. But that only increases inflation and make everything even worse. Middle class is being deleted fools. Your votes don’t matter anymore because the illegal migration . government officials don’t work for its voters because the votes are guaranteed. Get the scam yet ?
@rklauco
@rklauco 3 ай бұрын
@@808modeThis is a nice theory, but does not seem to work. Even the Tesla in your example kept the prices quite high and started to significantly increase them - before competition came to market and forced Tesla to lower prices. Check the prices of Model 3/S and their historical price trend. Still, the point I am making is - all of this works, for sure. Rich people can afford to own their roofs and install solar, but majority cannot. Rich people can install batteries as they own the house, average people rent and cannot install anything like that. So, until we solve this disparity, it will remain as a tool for the rich few percent, the rest will be stuck with gas and gasoline.
@torocars9227
@torocars9227 3 ай бұрын
@@rklauco the problem is the way money is wasted by politicians. And to cover up their incompetence they print more money………. Now business slowed the use of credit due to money printing . The Feds leveraged the cost of of printing more money and uses regular people who get hurt the most . No business No Jobs No economic Death of middle class. Two class society .
@rl3810
@rl3810 2 ай бұрын
Come back in a couple years when your invertor goes out and you find the installer went bankrupt and have to spend thousands out of pocket and 8 thousand phone calls over 4 months to get fixed. Also, California is dropping the incentives. Avoid solar of you enjoy your money and mental health.
@Yanquetino
@Yanquetino 3 ай бұрын
MORE than worth it for me, Ben. After 13 years with my solar array, I've saved $18,595 in electricity to power my home, and $20,586 in "fuel" for my EVs. Of course, I didn't make that investment just to "save money," but to do my small part in saving the plant. To date, I've reduced our carbon footprint by 442,277 lbs. of greenhouse gases.
@ClarkMercer
@ClarkMercer 22 күн бұрын
How much did your solar panels cost you? If you would have invested that money 13 years ago, you would have considerably more than what you've saved on your energy bill.
@Yanquetino
@Yanquetino 22 күн бұрын
@@ClarkMercer I paid $25K for my solar array. I'd have earned more than the $39,181 savings for electricity and "fuel" if I'd invested in… what? Sounds like gambling to me. As I already said, my solar and EV aren't to "save" or "earn" mammon: but to help mitigate the climate crisis. You're not a pe'troll, are you?
@ClarkMercer
@ClarkMercer 17 күн бұрын
​@@Yanquetino I ran your $25k through a stock calculator and your investment would be $127k today had you invested in vanguard mutual funds 13 years ago. KZfaq won't let me post the link on here, but do the research yourself to see how you could have better invested your money. Keep this in mind before recommending solar panels to others.
@Yanquetino
@Yanquetino 17 күн бұрын
@@ClarkMercer Oh, that certainly would've helped mitigate the climate crisis. 🤪How many times do I have to repeat that I am NOT interested in piling up mammon?
@CAINtheBULL
@CAINtheBULL 3 ай бұрын
EV car insurance can be much higher than ICE insurance. Not all.
@retireorbust
@retireorbust 3 ай бұрын
I'm conservative but I'm a pragmatist. I believe it's in our interests to promote energy diversity and transportation diversity. I think EVs make the most sense for commuter vehicles. Every family should have at least one. I am against mandates. The mandate from the state of California is wrong. Internal combustion engines are still needed for various applications and locations and will be for a very long time. I think the drawbacks for renewable present unique opportunities. For instance pump storage of water reservoirs that are created without damning rivers has the potential to breach more dams. Right now Trinity reservoir would benefit from storage through pumping as it's watershed is so much smaller than Shasta. Water could be pumped from Shasta to Trinity rather than be released. Eventually we can move the storage to higher elevations away from spawning grounds altogether someday. As far as solar for the masses, public utilities are responsive to the public. Get involved. The utilities should be setting up programs for residents to underwrite solar for all home owners. Hold them accountable.
@sun1234567890
@sun1234567890 3 ай бұрын
How much will the battery replacement cost for the Rivian?
@BenSullinsOfficial
@BenSullinsOfficial 3 ай бұрын
Won't keep it long enough to matter
@retireorbust
@retireorbust 3 ай бұрын
What will fuel and maintenance cost for an ICE? C'mon you know maintenance costs alone pay for a new battery. Regen braking makes brake jobs a once every decade affair. No boiling over radiator, blown head gasket, damaged valves, no Catalytic converter to steal or gum up. An EV should only need to replace a battery over 20 years. That's it. No getting hoses by mechanics. Oh, you're a mechanic 😜.
@anekinoo7
@anekinoo7 3 ай бұрын
By the time he sells it. All the money saved he lost in vehicle value. One year and rivian value lost $20k. Even the model Y he had loses 50% value in 4 years.
@Gochsener
@Gochsener 3 ай бұрын
30 kWh batteries is mad. Just solar and much much more of it would be the way to go
@imzjustplayin
@imzjustplayin 3 ай бұрын
$35K is way too expensive for 8KW of solar. Rule of thumb I tell people is this: Solar PV needs to pay for itself in less than 10 years, and install cost needs to be below $3 per watt installed, otherwise it's not a good deal.
@BenSullinsOfficial
@BenSullinsOfficial 3 ай бұрын
That’s solar plus batteries
@imzjustplayin
@imzjustplayin 3 ай бұрын
@@BenSullinsOfficial Right, if you separate the batteries from the solar, what was the cost for the solar alone?
@BenSullinsOfficial
@BenSullinsOfficial 3 ай бұрын
Solar would have been around 14K. You can get more info for your place at bensullins.com/energysage
@imzjustplayin
@imzjustplayin 3 ай бұрын
@@BenSullinsOfficial $14K for 8KW of solar is a great deal in the USA! I don't know if all that battery storage is worth it but in your case, only you can make that determination.
@andybak7575
@andybak7575 3 ай бұрын
Should flip the script... How low would the utility need to make electricity to make it even after 25 years? So if you pay more than the hypothetical 4 cents / kwh than solar is a savings.
@imzjustplayin
@imzjustplayin 3 ай бұрын
Utility scale solar PV is already around $0.70 per watt installed before tax incentives so it's actually far less than the $0.04 per kwh.
@neversinkmakes
@neversinkmakes 3 ай бұрын
It’s a bit simplistic to compare $80k nominal over 25 years to $35k today, without bringing it all to present value. You can’t make this kind of analysis that spans 25 years without applying some discount rate to account for time value of money, risks (component failure, storm damage, and more), etc. If you invest $35k at 5% compounding over 25 years (which is far from unreasonable), you end up with $118k in 25 years. That being said, I would expect a more rigorous analysis to still show that solar investment has positive NPV where you live in CA-I’m just not sure the math you did proves much.
@Brazilianfro32
@Brazilianfro32 3 ай бұрын
The cost of energy keeps going up too, which he didn't scale for in his numbers.
@ab_ab_c
@ab_ab_c 3 ай бұрын
You also don't know what the buying power of $118k will be in 25 yrs...so, just having a larger number doesn't mean its value will be better than today's investment in solar... With a 2%/yr inflation rate, $80k will be equal in value to $120k, 25 yrs from now.
@virgilwhetsel5289
@virgilwhetsel5289 3 ай бұрын
Our 7.2KW solar array and Model Y have demonstrated about the same return since we acquired them in 2020. When compared to 2019 gas and electric expenses, when we didn't have either, we save a little over $300/month or more than $3600/year. Our electric rate per KWH is only $.113 so the majority of the savings is in gasoline and vehicle maintenance. We are retired so are able to charge our car on excess solar during the afternoon when the Powerwall is full. The car cost about $50K and the solar $25K so it's actually a much better return on investment (ROI) than the IRA I used to purchase the solar system.
@feiliu1167
@feiliu1167 3 ай бұрын
Is this roof of yours "Stone coated metal" ?
@BenSullinsOfficial
@BenSullinsOfficial 3 ай бұрын
Might be! Really not sure
@TheHelicapt
@TheHelicapt 3 ай бұрын
But….. calculate the cost of the battery replacements as they are only good for 10-12 years
@pauld3327
@pauld3327 3 ай бұрын
But how much would those $35,000 be worth in 25 years had you invested them in the stock market instead of solar panels ?
@retireorbust
@retireorbust 3 ай бұрын
Depends on the stock market. You might lose money. Opportunity cost. What happens if California continues bad governance and the cost of electric doubles. Consider the opportunity cost of having the chance to at least partially take some control over providing power for yourself. You may rue the day that you chose not to.
@rickyblase5170
@rickyblase5170 3 ай бұрын
$35,000x1.075^25 = $213,441.89, but you are not partially independent from the grid. Also, the roughly $600 electricity/gas bill that he references would grow to $610x1.025^25=$1,130.91, which is an out-of-pocket expense that would, realistically, be even higher. The hypothetical $80,000 of value generated by Ben's system, which is also conservative, is a 3.5% investment return. Pretty close to a good dividend stock.
@pauld3327
@pauld3327 3 ай бұрын
@@rickyblase5170 Thanks
@imzjustplayin
@imzjustplayin 3 ай бұрын
Think of Solar PV the difference between a CD and a speculative investment like the stock market. The cost of install vs. the amount of energy savings is what determines your effective return on investment "interest rate".
@CharlesBurnsPrime
@CharlesBurnsPrime 3 ай бұрын
Opportunity cost vs. S&P500? Time value of money? Invertor and battery replacement? Why does no one, including the guy that ran a channel whose name ends in "-nomics", consider these basic things? Solar is probably still a decent investment in highest-power cost areas like California, but I am disappointed by another video that oversimplifies PV to the point of misleading viewers.
@ab_ab_c
@ab_ab_c 3 ай бұрын
You aren't going to get 25 years worth of use out of your battery bank. You'll likely need at least one battery bank replacement. Your panels also degrade over time & produce less power & savings. You'll also probably not get more than 10 years out of your EVs. A good gas vehicle can last 20+ yrs. Your vehicle choices are also not 'a wash' as you claimed. EVs are significantly more expensive than non-EVs. You also seem to assume that ALL of your charging will be at home--which likely won't be the case if you make several trips each year--which is very common for most people. Charging at EV charge stations is quite expensive in comparison to home charging. Will you still save money in the long run? Very likely--but probably not as much as you seem to think.
@daveybro
@daveybro 3 ай бұрын
You forgot to factoring in the extra maintenance and issues with panels - roof more likely to leak , periodic cleaning of panels , and birds that could gather and nest around the panels . These are often overlooked. Also the extra insurance for EVs and the “keeping up with the tech and jones” fees of acquiring these vehicles sooner than you actually would have needed to. Not much savings if you ask me.
@imzjustplayin
@imzjustplayin 3 ай бұрын
Most roofs will eventually leak, makes no difference if there is solar PV on there or not. A roof with high quality materials and good installation practices can last a very long time. If you're putting solar PV, all penetrations should be done with new paper and shingles where the penetrations are. Putting solar on a higher quality roof like tile or concrete would also be a good idea but again with new paper under each penetration. Your roof already has penetrations for things like sewer ventilation, water heater exhaust, etc. a bunch of penetrations for mounting of the panels isn't much different.
@imzjustplayin
@imzjustplayin 3 ай бұрын
My solar PV systems paid for themselves within 4 years and they're 15 years old.
@daveybro
@daveybro 3 ай бұрын
You know if you put the money in s&p etf you likely have 3x the original investment - I guess the correct answer is “it depends on case by case” - for me it wasn’t worth it - 35-40k upfront is 100k+ invested in 15 years.
@imzjustplayin
@imzjustplayin 3 ай бұрын
@@daveybro Point I'm making is that Solar PV can have an excellent payback return. I'm actually glad you're doing the math but at the same time I say keep your eye out for things that have a better rate/guaranteed return on investment. In my case, my Solar PV system paid for itself in less than 4 years which means a guaranteed 18% return on investment. 18% return on investment with flat electricity rates is a great deal but if electric rates go up, it's an even better deal.
@oldfairy
@oldfairy 3 ай бұрын
Thank you very much. I hope the calculation could show: no incentives from solar, and count on the capital investment 5% interests rate. Because eventually the tax payers pay for the incentives. And each solar panel in fact cause more trouble to utilities transmission (70% of electricity is from transmission), it would be great if you could have a battery storage and count that part because currently selling solar power back to grid is regulation caused which force the stable thermal power plant to be in islanding mode and waste fuel. I hope someday could be one solar + battery without incentives VS purely use grid. If everyone use solar the incentives will not be there anymore since it has to be from someone.
@thatonebeone
@thatonebeone 3 ай бұрын
soon california will charge solar users 3$ an hour to use the sun 🌞 new SUN FEE 🌞💸💸💸💸
@anekinoo7
@anekinoo7 3 ай бұрын
😂 BS video. Instead of doing a one year real world results. All you did compare your kwh 0.14 compared to CA average 32. Then compare gas cars vs EV. 😂 real world results should be compared to yourself. Not what other people pay or what they drive. 🤦
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