Home Solar Power - End of Year report|
|Date:||December 13th, 2010 03:19 am (UTC)|| |
Wait, you're getting paid $.60/kWh? And you're still looking at a ten year payback? That's pretty depressing. A lot farther from economic viability than I'd hope to see.
This is why you haven't seen more roof tops covered with solar panels. It still takes a substantial subsidy to justify installing solar panels.
On the other hand, since the peak of production matches the power demand peak, it may be worth the subsidy if it avoids installation of new fossil fuel power capacity that takes a 30 year payback time.