Comment: my experience after 1 year (Score 5, Insightful) 2008-07-22 09:03
Attached to: Switching To Solar Power – One Month Later
By coincidence, today is the day I got my first yearly bill for my new photovoltaic system. Where I live (Orange County, CA, with Southern California Edison as my utility), people who have residential PV systems get billed yearly rather than monthly. A year is also pretty much the minimum amount of time for which you need data in order to find out how your system is performing, since both your energy production and your energy use fluctuate seasonally.
My bill for this year was $353.63. The system is nominally 4.4 kW, and cost $28k after rebate. It's covering about 90% of our use, which was almost exactly what we shot for -- if we produce more than we use over 12 months, they don't pay us for the excess.
People always want to know the number of years until the system pays for itself. Basically that's utterly impossible to predict. There's a reason that they exclude energy from the consumer price index -- it's because energy prices are extremely volatile. If the increased price of fossil fuels starts to be reflected in the cost of electricity, then I'm going to look like a financial genius. The other thing that's completely unknowable is how fast the technology will progress. If there's a breakthrough in technology five years from now, and the price of panels per kilowatt comes down by a factor of two, then I'll wish I'd waited. It's also kind of funny hearing the quick-buck psychological attitude a lot of Americans have toward investing money in something like this; from the way people talk, you'd think they were going to take that money that could have gone into photovoltaics and invest it in some kind of magical pixie dust that was guaranteed to pay a steady 20% annually until the end of time. And finally, beware of anyone making blanket statements about whether PV is ready for prime time or not. It completely depends on factors like the price of electricity in your area, which way your roof faces, your latitude, the amount of cloudy weather, and the amount of shade. PV is like Linux: it's ready for prime time for some people, and it's not ready for prime time for other people.

