Climate Energy Finance calculates the price of systems will fall by 10% thanks to cheaper raw materials and more production in China and US

I love to see it. I think a lot of people are still scared off of solar because they think it’s crazy expensive and they won’t see a payoff for 20 years. The more people put solar on their houses, the less need for huge, damaging power plants. I’m sure the people in charge don’t like that, but other than that I don’t see a downside.

🦘min0nim🦘
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When I installed solar panels on our first home - about 12 years ago - it paid for itself within 5 years, and that’s ignoring the solar feed-in tariff that was very high at the time.

The same size system is now about 1/4 of the cost. It’s really cheap over a few years if all your cooking and water heating is electric. You need to get a reasonable size system otherwise it’s false economy. Everyone’s needs will be different, but not less that a 5kw system is a good rule of thumb.

We paid $4000 all up for our 6.6 kW system 3 years ago. It’s been pretty solid and good for the budget despite the dwindled FiT. I wouldn’t like to see our electricity bills if we weren’t cancelling out most of the daytime usage.

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