True Cost of Solar Panels | DON'T WASTE YOUR MONEY
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- Опубликовано: 18 сен 2024
- The rising cost of utilities may have you considering whether it's time to go solar -- but are solar panels right for your home? Consumer reporter John Matarese fills us in on the questions you need to ask before going solar so you don't waste your money.
I’m in San Diego, and when I looked into solar, I couldn’t find any solar company that didn’t have a lot of negative comments online - mostly for poor warranty service - but also companies that want to own the panels they put on my roof.
I was ready to buy had I been able to find a company that sells the solar system 109% to the customer - and had good customer feedback after the sale. Couldn’t find even one.
Solar panel prices fall by 30% every year .But the prices shown by this company have not been Down for 10 years. It should now be 5000 USD per house
Some of us have good reputations and take care of our customers. If you look hard enough for a reason not to go solar you're going to find one. I remember it took me 2 years once to finally go ahead and replace my car. I kept finding reasons not to do it. My wife still laughs about it. I hated parting with the money, but I'm happier. (I try to use that analogy since the cost is similar).
I can say this. I've had a lot of prospects who just couldn't convince themselves to do it, but I can also say I've never had a customer who did it regret their decision.
@@DeniSaputta labor bro. You CAN get solar for $5k. But you’ll be the one up on the roof. In my area it’s about $2 in labor for every $1 of equipment. That $5k system is about $15k after the white glove install
Are you still looking for? I'm from Tijuana and recently i'm expanding my services to California:) CJ Solar Energy on social media 🙌🏼🙌🏼
Solar panels are going for less than $0.50 per watt. When the solar seller figures out you know nothing, they will over quote you on the number of panels you need as well as equipment and labor. DIY solar will cost less than $1k and give some basic understanding as well as a chance to offload some minor electrical appliance in your home. I have ground installed a 400 watt panel tied to a battery feeding a 14k btu inverter portable ac unit which runs all day relieving my main AC from running during daylight. I went from 2200 kwh billed per month during summer to less than 1800.
Solar is like anything else, if you educate yourself, you don't get scammed. When 8KW system is installed on my brand new roof, it will take 7 years at today's prices to pay off. Notice I said, TODAYS PRICES. We got a notice that electric is going up 10% by fall. The 7 years just went down a few months.
EXACTLY
So you're paying interest to front load your electric bill 7 years? Also, you must use a shitload of electricity, for me at a 6KW it would take 15 years to break even here in SoCal. That's just breaking even. You think your panels are going to be as efficient as the panels in 7 years? You're going to want to upgrade because they won't be as efficient.
@@Silidons91 I'd have to see the math on a 15 year payback, you would have to paying a huge amount for the labor. Solar Panels loose around 1% efficiency per year and most have a performance warranty of 80% at 20 or 30 years Local electricity prices just went up 10% in my area so my payback time dropped again.
You never included maintenance costs and the performance warranty isn’t worth the paper it’s printed on, you obviously didn’t read the small print and most of these companies will be long gone before things go wrong with your installation.
@@michaelwalsh9145 You never mentioned EXACTLY the maintenance costs would be for a system installed on the roof. I suppose if you live in highly dusty area you would need an occasional cleaning if you didn't get regular rain fall. Hardley a big issue, be like having someone check for fossil fuel generator yearly.
Now your criticism of the install vendor could be valid, the drastic rise in interest rates and changes to payments for extra power production have hurt the installer market. Some solar panel providers will warranty the panels directly if the installer goes out of business.
Life has some risks and each person has to educate themselves on the risks and make the appropriate decision for their situation.
Pay $200 to the solar panel company. To not pay $160 electric bill.
Makes sense……….
Especially the 2nd year.
Who does that? I have never seen an upside down bill.
I got a quote for $100K for solar panels and that’s not including replacing the roof because I have clay tiles.
@@DxModel219 A solar panel costs 50 bucks, how in the world did anyone came up with a 100K!?
@@AAb-xy6et man i have no idea LOL
The lesson here is don't be a moron, don't get scammed, solar panels actually do in fact need to point towards the sun at least part of the time to work....
If you remember that fact, you're all set to make a good investment with PV on your roof.
This isn't solar power's fault. Several thousands of people enjoy using it as their entire sole power source. However, when people do the financing plans, it often turns into trouble. Many installation companies have a hard time with good plans, and they push hard to get people to install them. If you're going to buy solar, pay for it all at once. Paying interest will kill you. Also make sure its contracted for repairs incase something fails and goes wrong.
Are you serious
Here's how it works, folks. You pay for a system that is connected to the grid. Then, during higher producing months the excess energy is put into the grid and sold to other customers. The electric company then issues you credits for the lower producing months, but only enough to barely cover your winter energy costs. All of that excess energy goes into the pockets of the energy company. You just financed their operation! On top of that if the power goes out you get to rely on batteries for power. It doesn't matter if the sun is shining since your system isn't likely standalone. They have total control and are making gains off of your investment! Long term power loss and you are in the same boat as your neighbors once those batteries are dead.
Those batteries do not last long. Maybe 6 years if you are lucky. Imagine the cost of replacing them.
Thank you for this! My electrical company charges .23 to .69 cents per kwH depending on time of day, but only pays .01 cent for the power I send to them! I changed my pool and EV charging schedules to when I'm producing the most energy in the day. I plan to get a battery backup as well to power my home during peak times. There is a ton of research homeowners need to do on their own to make they aren't getting taken advantage of.
No one is talking about the additional cost to remove and replace the panels when the roof needs to be replaced do to age. 90% of people ditch the panels when the realize that they have to find a third party company (which don't exist ) to remove and replace the panels. The roofers won't touch them and the solar panel companies will only install new systems. That is the cold hard solar truth that no one want to talk about. Sorry.
Thats why you install solar panel on your roof if its in good condition or have the roof redone before installing them so you only do replace the solar panels and roof about every 40 years as panel are nowadays 85% efficient after 30 years... so maybe they will be at 75-80% after 40 years. You can also have them on a ground mount if the roof situation is not ideal, that way maintenance is way easier as well.
So in a 100 years, how many times have you replaced your roof?
Because the government doesn’t care for the home owners
The panels should be insured. It’s always the company, make sure you’re working with a good company. We had a great experience and don’t have to pay for replacements.
@@jesuspunk84 BUT if you lose your homeowner's insurance (and they can suddenly pull out of the state) they will want your home to be a NEW ROOF as in less than 5 years old.
We just went solar, no up front cost, the company will work with insurance and cover the deductible (we have a high deductible) if we need a new roof, warrantied for 25 years and if we ever need a new roof during that time they come out and remove the panels at no cost and put them back on. we have a heat pump so in the winter and peak summer we will save about $100 a month on the bill
My buddies parents did this with their 900K home. Squirrels packed their nuts behind the panels, the nuts rotted and that rot spread throw the roof. Insurance claimed it was 110K worth of rot and water damage. Not covered by the warranty so his parents had to pay the deductible. Thankfully the insurance covered all the repairs and they were fine in the end. Just another issue with solar panels. Rodents.
The thing that gets under my skin is that some people encourage me to get solar panels installed but when I ask those people (including my own sister) how much their electricity actually costs them per month, they are rather invasive. They will tell me that they receive a very low electric bill for example like $8, $12, $15 (whatever), but what they won't tell me is how much they pay to rent the panels. However, that is very important. For instance, if your bill is $8.00 but you are renting the panels for $250 per month - in actuality you are paying $258 a month for electricity - not $8!!! I get the impression that they won't disclose that rental amount because they feel foolish or ripped off but don't want to admit it.
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It would take about 10 years to offset those costs.
You are right. These big wheels are not going to let no one save money. It's a rip off. And this should have done the math
Never rent. They are mostly scamming people with predatory contract and make it WAY harder to sell your house as they have a lean on it if you lease. Always pay upfront and then its pretty much just down to get the job done by a reputable company. Dont get suck into microinverter also... its garbage.
My neighbor has a 18kw system, and yes his electric bill averages 8-10.00 per month.. SO he bought them, and explains it like this. Lets say he paid 30K for the install, those soar panels are saving you 250 or more a month on your electric bill, but if that 30k was sitting in the bank its earning what .05% or less if its just sitting in the bank. SO for my neighbor he looks at as he is making 250 or more per month.
@@mttaschek Did your neighbor get pass 1st grade? He's not making anything. First of all, he has to make his $30,000 back. Then he might see a profit. But the battery and maintenance will cause him a bunch of money before he gets his $30,000 back. He got scammed and doesn't want to admit it
One of the companies I priced for Solar panels was $65,000 for my home, It would take me 36 years to pay for that at the cost of what I pay for my light bill now.
it should be 6500usd only.
@@RaahulKushwaha I have the price quote on paper, $65,000.
@@docbrown6550 ooo
@@docbrown6550 Do you have 2 electric car, heated pool, a Mc mansion, 10kiloton AC unit and some asics in the garage? feel pretty excessive unless you really throw away electricity out the window...
@@jesuspunk84 That's exactly why I never bought the system, I'll pay my cheap light bill and be happy.
Here is the problem, that guy didn't have to pay someone to get on his roof. Next the system in put in a spot that gets more sunlight then her house. Next, look at where she lives. City vs rural area. Someone who lives on outside the city is going to pay way less. Did i add in the fact nobody had to get on a roof?
I’m in north west England at 53degrees north. Prevailing winds are south westerly bringing clouds and rain for weeks at a time. Three bedroom semi detached house with hipped roof. Rear faces east, side faces south, front faces west. Solar panels with batteries quoted at £20,000.
Even with energy costs rising, that’s about nine years worth of electricity. By which time the panels and batteries would have lost half their efficiency, we’d still have to top up from the grid, neighbours have pigeons nesting under theirs and future purchasers may be refused a mortgage.
Solar panel are 85% efficient after 30years nowadays... battery will be at stil 70-80% after 10years of daily cycling through it????? Where did you get your numbers? the 90s????
Also never lease solar, always buy upfront...
@@jesuspunk84 Same place as you got your figures.
So a scam artist sold someone a solar rooftop in a region that underperforms and provided a payment plan with the promise of a return. Regulation needed?
Sourced on my own, I'm right at $1/watt cost for a 35kW system. That makes the ROI only at 7 years instead of 25+ if you go with a "solar company", vs self-sourced
.
They can start by reducing THEIR "carbon footprint 👣" first!!
(If you know you know) 🤨
Why do you title your report in a way that is not the truth of the report itself. Solar is great for some homes, & that truth you state yourself in your report is not in the title of your report. A sensationalized title that is not reflective of the truth in your own report? Very irresponsible reporting……
So how much is the cost of staying utility company
We were quoted $72,000 years ago for panels (2010 i believe)
I know prices have come down, but even at $20,000 you have to factor in the fact that the panels are only good for 15 years, then they need replaced for another 20,000. You willl always have a payment its like owning a car..😢
I'm looking at panels that have a 25 year warranty.
@@JonathanRootDsunroom uh?
My solar panels have a 30 year warranty. My system cost $10,500 AUD after incentives and I get free electricity plus about $110 AUD per month tax free from electricity I export to the grid. My system will pay for itself in 4 years. Now looking to add batteries to capture more solar during day, run house at night, and export more to the grid. Am located in northern Australia. There are lots of scams and scammers out there. Use a reputable, quality installer, and always do your research first. Be extra wary of super cheap deals advertised on TV, internet, social media, etc.
@MoosesValley that's sounds decent, we are not allowed to sell back to the grid here in New England.
85% efficiency after 30 years is what most solar panels manufacturer garantee now. The 15 years solar life is probably a quote from the coal industry.
two questions. Do you own your home? Do you have an electric bill? Bingo!
Even renters or those living in condos (apartments) have options:
1. Battery: to charge during off-peak and run house (or specific appliances) during peak times, or export to grid during peak times. Only makes sense if the price of your electricity has peak / off peak charges , or you have solar panels to charge the battery during day. Can combine with Balcony Solar below.
2. Balcony solar: velcro strap solar panels to balcony rails, garden shed, or anywhere else that may be suitable, and plug inverter into power point. Can combine with Battery above.
The above might not offset / cover all of electricity usage, but it can help reduce your bills.
Always do your research first.
And of course, always seek approval from landlord, electricity provider, electrician, etc.
Solar panel prices fall by 30% every year .But the prices shown by this company have not been Down for 10 years. It should now be 5000 USD per house
This is more about a lady who got scammed than the true cost of solar panels. This says nothing about that.
You all need to work on your math.... PSE/PG&E will sell You a kilowatt hour for roughly 9 cents but will only buy your solar array grid tie power from you @ .5 cents a kilowatt... so, How long did you say it will take to pay off your investment.... exactly... The power companies hate solar array owners, if you don't believe me tell the power company you want to triple your solar array and see what their answer is.... I'm not a hater, free power is free power I just wish the panel efficiency was better...
Man, those utility companies will go to great lengths to protect their monopolies, won't they? They make it sound so scary. Aaah the media. Quit making everything so dramatic.
🌞 Every home is perfect for solar! Harness the power of the sun and reduce your carbon footprint. All you need to get started is to know how many kWh you use daily. With this info, you can build the right system to meet your energy needs, save on bills, and contribute to a greener planet. 🌍☀
How much did Landon pay for his panels, nobody seems to talk about that?
My home is 624 square foot home with gas heat. My electric bill is under $50. Going solar would be a $100/month payment. The disabled and retirees don't get the discount.
The ones that praise them either got them cheaper or else they work for the company.
Solar is not for everyone I called told them I did not want them installed on my roof but on the ground.
No way in my area its much higher than this at base price
After skimming various websites trying to find answers - it seems like the average price of a single panel is around $225, as of me writing this comment, August 27th of 2024. They can be as cheap as $100 or as expensive as $500. For those like me who just want a SUPER ROUGH BALL-PARK estimate that for some reason basically no one on the internet wants to provide >:| .... there ya go.
Another video about solar panels that didn’t help people wanting to know more about solar panels
you saw how many panels the guy had
Research the contractor you hire.
That's all people.
Don't hire a shyt contractor that won't be there when something needs to be fixed or replaced.
Your facts on solar are not right btw. Might wanna correct that
I hear more horror stories than people saying it is worth it.
Don't get batteries and if you can install it yourself.
why not just install yourself??
that lady paid $20,000 fo r so few panels?? criminal
So really the video should have been titled, "Potential pitfalls of Solar - be informed before you buy". Why admit that solar can be an outstanding investment, that it's inflation-proof and that many thousands of people are saving huge sums, but title your video, "True cost of Solar / Don't waste your money." Disingenuous click-bait. This is why the internet sucks.
Don't waste your money
This was weird tv, no detail from anyone featured just statements and edited sound bites! What a dodgy news outlet! 😂
This is such a BS story.
Stay away
Clickbait AF lol
I saved more money by waffling my roof.
Bet he’s paid well!