Solar Panel Price Crash
Vložit
- čas přidán 3. 07. 2024
- FREE No-Obligation Quote: bit.ly/4bCQM5n
FREE Marketing Strategy Call: bit.ly/3VgyLEj
-- Links --
Solar Surge will teach you all about being energy independent and how to set up your home to run off-the-grid during an emergency. We empower families to take control of their energy generation and storage so that they will never be left in the dark without electricity.
In this video, Joe explains what is going on in the solar market and where things are headed as we get further into 2024.
-- FOLLOW THE SOLAR SURGE PODCAST --
CZcams: bit.ly/452Rg2i
Spotify: spoti.fi/3US77fq
Apple: apple.co/3x4EIe2
-JOIN OUR COMMUNITY-
Newsletter: bit.ly/3V3c7h8
-- CONNECT WITH US --
Website: bit.ly/4bCQM5n
LinkedIn: bit.ly/44YZg4o
Instagram: bit.ly/3KlU9l8
Facebook: bit.ly/4bTXNOR - Zábava
I worked in tech support for a well known and succesfull(10+ years) CA based distributor that filed for bankruptcy at the end of 2023. And while NEM 3 hurt us. Our company went under due to bad management period. We had insane turnover for years before NEM changed. and the we knew about the NEM change months before and did nothing to prepare. The company's bread and butter was battery based off grid systems which should have set us up perfectly for the change but our CEO and their lackeys pissed of hundreds of thousands of dollars in covid relief funds and insane salaries, despite being wildly profitable for a decade before. A well run company will survive the growing pains of renewables it just has to be led by competent management. Cheers
Good points. This slowdown is helping to wash out the poorly managed companies. Everyone’s getting exposed now.
Well said, survival of the fittest is the economy at work. Them being out is more meat on the bone for the ones doing better
Financial backers that have ceo and profit margins suck the life out out of business . Ive seen this time and time again. It greed pure and simple. To run a business requires many factors. Realistic profit magins can fluctuate wildly. The person doing this video is well awear of these factors. Reliable and consistent employees is always a problem. No matter how careful workers are they get hurt and sometimes sue.
Yet they are often rushed to do poor work and become bitter. Health and insurence costs are another factor that sucks the profit from companies. Well trained employees are crucial and those are hard to find when a company is trying to stay in business. The turn over of employees can and does contribute to businesses failings. What is the answer then? Its those factors and more being taken care of and more. Owning a profitable business is tough work and risky. To say the least .
I'd love to upgrade my 13 year old solar setup, funding secured :) But it doesn't make any economical sense, as any change to my system would void my NEM 1.0 status in CA. I'll just have to wait another 7 years, unless a more favorable policy comes before then.
That sucks. The greed of a few causing the rest of the company to lose their jobs. It is depressing.
Yes sir I'm in California and my solar company went out of business right after install. So I had to start making payments on a system they didnt finish installing. I lucked out because when my loan company found out about the bankruptcy they covered the cost to finish the installation, saving me thousands 🙏
Glad to hear that the loan company is covering service for you. This is exactly why I see dealer fees staying high. The loan companies are going to have to keep large cash reserves to cover future warranty service work that should have been covered by the installation contractor.
For the Buyer, you solar companies are pricing yourself out our business. I am a cash buyer, I had 6 solar companies come and give me a complete price. The lowest price from 6 was $42,000 while the highest was $97,981.00 Each company said they would have 2-3 installers and all completed within 4-7 days with sign-offs. I found a system I want to buy and just have it installed so I again asked several to give me a install price only. $28,600 was the lowest and $59,200 was the highest. I was expecting to pay around 10K complete for the install. I mean damn TOP Rocket or AI engineers are not paid anywhere close to these costs for installers. There is zero reason to have a company, by example you stated here in this video, most will be out of business so there is zero value that the company will be around to help you. I need to find a installer or I will just do it myself. Last, the package I picked is top of the time and is 50% more power than what was in the quotes but one company said they would match this system but the cost would be over 100K, I paid 14K for the system. Just out of control.
Do it yourself save a bundle. I did. It ain't rocket science. Just take your time and do your due diligence/homework.
Who/how did you buy your system? How large was the system? Did it include battery system? I assume you had an electrician come out to verify install. Thanks for the information.
@@user-wt5bf4rw7ewho did you buy your system from?
Hey what was your system size. Just curious. Im in Ireland.
I agree
I live 100% off grid with solar and batteries. I had it professionally installed. Very economical and a good long term investment. The tax credits this year helped even more. Stop relying on local power companies to buy your excess. Get batteries and be done with the power companies.
No, you haven't gone 100% off grid. I wish people would quit lying about it in their misguided exuberance to support ruinables.
how long do the batteries last?
No way in hell does solar meet all your energy needs. I get irked when people falsely claim they have got off the grid with solar.
@@ForbiddTV How do you know what his energy needs are?
@@clidelivingston I have been doing wind/solar/EV's for more than 40 years. No one gets all their energy needs from just solar.
Many do not want solar on their roof. But a ground mount requires an engineering stamp. The government should already have approved 140 mph standard ground mounts that dont require the city to get involved. If you have a knowledgeable person install it, then all you need is a qualified electrician. That would really help solar. And no requirements to tie into the grid. Just run minisplit air conditions. Remove city permits and watch many people get solar.
I'm in the Midwest and that's such the truth, look up the Becker solar farm in Minnesota, it's 7000 acres of ground solar trackers
No building permit for ground mount if it’s under 5 feet high where I live. I was surprised by that one.
@@benfaubion Where do you live? That's really a good law.
That's why I think that you should install solar yourself (especially, ground mounted if you have the space), or try to get someone near you that has done it themselves to do it for you or at least help you out for a fee. Buying the equipment is much, much cheaper if you buy it yourself (so you can afford to stay away from financing it), and then deal with the installation later.
Just make sure you see as many online videos on how to do it safely as you can. I'm talking about watching hundreds of such videos, including how to get permits. When connecting it to your panel, you can always get a qualified, reasonable electrician to do that last step.
You can start with a very small, cheap ground mounted system just to learn, and then scale it up later after you have learned all you could with hands-on training, if you will. Just spend the extra money and get a much higher power inverter than needed so it can handle the extra power later.
Yes. I believe we are going to see a lot more self installations in the future.
@SolarSurge yup that's me! I just did all the online courses on the enphase university to get self certified. All free might I add. I'll be able to add 30 panels with enphase micro inverters and 4 IQ5P enphase batteries along with there combiner box 5 and the smart switch 3G with generator back up. I'll be doing a ground mount out in my field a 150' away from my house. I should be pulling the trigger on everything in the next few weeks super nervous I hope I'm making the right decision but with PGE here in Northern CA charging us close to $600 a month and the rates about to go up again I think I'm making the right choice.... I got quoted 65k to do what I'm doing for under 40k.
@pinktacotuesday4573 thank you for sharing your thoughts and experiences
@@pinktacotuesday4573 I live in N. CA too. I have batteries and a 3000 watt 110 volt inverter on 3/4 of my house 100% of the time (using a bank of Generac transfer switches) and a 4000 watt 240 volt inverter plugged into my generator recepticle 90% of the time for washer, dishwasher, air conditioner, etc. I use PGE for my welder, lathe, air compressor and well (pumping to 5000 gallon tank on the hill once a week). I did not do much in my shop last month so my total kwhr usage last month was less than 3 kwhr, PGE charged me a min of $12.50 and then the $1.14 of electricity that I used. PGE plans to raise the minimum, which will offset the difference of any power sent back to PGE for those that have grid tie inverters (at 2.5 cents a KWH). PGE will not let installers place more panels than 110% of your annual usage. Tier 1 rates are 42 cents a KWH, the min distribution fees are 39 cents at one KWH per day, so to maximize the minimum I must use 1 KWH per day to achieve $15 a month bill. Before my solar, 1/3 of my bill was for evening usage, so batteries make a difference, both in your bill and independence. Also in the foothills we have around 2 weeks total per year of PGE outages, so it is nice to have batteries and not have to run the generator. I use four 225 amphr Trojan lead acid batteries, they are way safer and easier to maintain that Lithium. I retired as a chief engineer of a steamship and fire is a major concern of anyone who works aboard ships. Lithium fires cannot be extinquished; they must burn themselves out, along with the structure that they are housed in. Lead acid batteries will last 8 1/2 years if you check the water every three months.
In my opinion it's way cheaper to buy used panels, power queen batteries, and Sun Gold all in one charge controller. I can run my home for 5000.00 or less. Solar has entered a price range that the grid power can be discarded. Not needed.
Oh no no no you didn’t.. uh
-uh, that is not allowed! Power companies will get their due, you cannot outsmart their fees! You must 💯 disconnect to keep the POCO from digging harder to get to your wallet now that they don’t get their butter.
And you cannot run your energy needs on a $5K solar system. Do a little more study before pretending you can.
Intro and studio looking great man 🤙🏼
His arms and chest looks like he has been lifting oversized solar pannels by himself.
Basically that end bit just sounds like the solar companies doing well are using a proper business model not just trying to fast track and bandwagon onto the new industry but are still adapting to it and keeping operations realistic and stable.
Excellent info
Great information here. Thanks for this video.
Glad it was helpful!
Privatize community solar 2024!!!
Why hasn’t the solar thermal and Pv panel concept caught on?
Why hasn’t this dominated, as the marriage between panels and thermal repurposing? The concept seems obvious.
Hi, thanks.
Arizona - through cozy relationships between power companies and regulators - effectively squashed rooftop grid-tie solar years ago when they approved minimum fees so egregious that it dramatically reduced the real impact that net metering should have had on consumers' bills.
I really appreciate your channel. as an owner of solar panels on my home in Texas 19KW system, this vast knowledge enables me to make informed decisions on future upgrade paths, regarding electric companies with ever changing policies, battery upgrades and possible Cspan smart panel. Thank you. I've learned so much and very appreciative.
Another excellent video, Joe. You hit the nail on the head with the impact of NEM3.0 in California, the dominos are beginning to fall with Sunpower going out of business and now Electriq Power just days ago.
I am one of the owners of Option One Solar and we survived NEM3 by implementing some great strategies that I’d love to share with you. We were able to adjust our sales & training to accommodate energy storage systems, we do not subcontract ANYTHING (sales, marketing, installation, plan design, engineering, tech support, etc). We also made a strategic acquisition and purchased a local roofing company in 2022 to be able to take care of the roofs in need of replacement at a much more affordable rate for the customer. It took many sleepless nights to get us through the storm, but things are starting to look much better for the CA solar market for the contractor and the customer.
We would love to have you come out to our office in Apple Valley, CA if you are still touring the states!
I agree, it is crazy prices now, I have bought solar and batteries for my setup and also for a couple of different friends directly from China and it is possible to get bifacial panels for close to 0.1usd/w and battery storage for 100usd/kWh, absolutely crazy times we live in. :)
Joe has some great videos to explain everything so a DIYer can make easy sense of an install
Sadly, most of the way "solar is sold" -- is to sell you a loan or a lease. The panels and other equipment are more of a means to an end, which is absolutely abhorrent and might be the death of the industry. DIY with cash out of pocket is a much better alternative, if that's the kind of installer you're dealing with, and far too many of them are exactly that.
Good points. I think in the future we are going to see more semi-DIY installations where the homeowner purchases the equipment directly and makes limited uses of a roofer and electrician to help where needed.
@@SolarSurge - Fortunately, more and more of the equipment and connections needed are being made DIY-friendly. For those so-inclined, dramatic decreases in PV panels are a real boon.
Good info. We went with solar and batteries in 2020. We paid for it upfront and were able to get a good deal because of no financing. Based on the info in this video it sounds like this was a good idea.
#1 natural gas is at 30 year lows-- equivalent to $10 🛢 oil...
Would welcome SELF INSTALLATION OPTIONS
Looking forward to Battery Storage to drop 50%...
Self install batteries are the new category to watch. Will be having much more coverage on the space coming soon.
Many power producers raised their rates due to their power plants running on CNG. That price was driven by the war in Ukraine and much of the CNG being shipped to Europe. I agree, we need to have that option so those of us can install the system and then only pay a certified electrician to comet to the grid.
I had my solar system installed in 2019 by Sun Badger in Wisconsin and they have gone out of business. Three of my panels are underproducing. I talked to Enphase directly and they say that two of them are “within 10%” and the third is reporting an issue with the panel itself. A local third party servicer wants $250 just to visit the house so I’m left to try and get help from the panel manufacturer myself.
You can buy a 420W panels from 70 bucks at a hardware store. Just install the stuff on your roof yourself and the unit is dirt cheap.
The solar panels here: BiFacial Q-cells. each is 218+ tax. 485w by itself. with back panel it could get upto 525 Watts. I am glad I got 6 more at that price and no more worry about not enough energy during cloudy dayssss. Yes, those days made me worried I get black out.... Winter. I worry more.... just run for home, not to charge my Tesla Y... take care...
People this stuff is not hard to install. If you have a few decent mechanical skills it’s pretty straightforward. We did our our off grid system ourselves. We have gen back up with AGS.
I plan to pay cash. Will use a micro inverter system and add panels when I can afford them.
Smart man!
Bought 4 new panels for 160 each 340watt. Picked 4 more 315 50bucks each
If there is a 35% fee to a bank how is that not illegal? That rate is higher then pay day loan operations. Given this, when a customer goes with solar and pays cash shouldn't there be a discount equal to that rate provided?
Yes they should. Some states are requiring contractors to disclose dealer fees similar to the "truth in lending" laws where banks have to tell you what that total interest charge will be.
I’m running 15 KW inverter,50 KWH battery, and 48 used 250W panels from Santan Solar presently.
The equipment options are better now than when I started building the system but I don’t regret starting early. I expect to recover my investment way earlier than any grid tied system installed by “professionals “.
It's not illegal because people like you that maybe would or could do something are too busy struggling figuring out the difference between "then" and "than"
@@gg-gn3re forest for the trees...
@@sparkfire1223 using half an idiom doesn't convey it's meaning. Use the entire thing or don't use it at all.
Solar panel prices were down 50% a year ago in Australia. Pretty sad that it took a year to effect the U.S. market.
I live in area in North Finger Lakes region awhere it rains and the wind lows all the time, you guy need to look at that in curtail regions like my own!
I live in central Wisconsin and had an enphase 7.2 ground mount installed in 2023. I’m happy with it so far. I’m looking to put in battery backup. I got a quote for a Span controller and 10p whole home backup from the original installer and it was more than the solar installation. Can you recommend to me other reputable installers for a battery backup in my area so I can get some more quotes?
don't go with contractors, ground mount the bifacial panels, do it yourself and go off grid!
You have a cost guesstimate?
@@ChicagoBob123 I did just this, I have 30kWh of battery storage, 20 445W bifacial panels and now 14 535W bifacial, Solark 15K, two ground mount systems. Ran me about 34K total before tax refunds.
@@JarredSutherland that's cool. Not sure i have enough space for that large a layout. But i think it's awsome
We don’t have the solar leasing option where I am in the Caribbean, but recently got a quote from a local installer between 30-35K based on mounting options with 24 400 watt panels, 5 batteries and Solararc 15KW hybrid inverter
@@juanturner9289 sounds lika lot of labor there, how many man hours were they quoting?
This is great news, I am about to replace my nearly 20 year old panels.
I'm not sure what business would want to take on that type of risk.
What you're actually saying is there is a large amount of greed in the solar industry. If the market is slowing then installation times should be shorter not longer.
Greed found the solar industry.
Cool
Hi Joe. Have you also seen retailers of solar panels drop their pricing?
I invested in some solar panel companies and the stock prices have been horrible for more than two years. It feels like the commoditization of solar has been its own enemy. Maybe at some point soon, regulations in California will require solar not just on new homes but on existing ones too. That would really flip the switch back on for mass solar coverage.
Building dept regulation and new code rules have driven up installation costs. This makes a barrier to entry for new installers and established installer are charging what the market will bear. Get a clue - solar PV panels are less than 25 cents/watt wholesale. Why are people being charged over $3.00/watt?
Had 95% of my bill solar supplied in 2021 (started in 2020 around Oct, installed before Thanksgiving, wasn't turned on and in use till may of 21.) Company folded or was bought out. In the last year or two. Would like to get enough added to make my bill 0 or get a couple bucks back from the power company now, but waiting on estimates. Have 6.3 KW installed currently. In the Midwest.
Add more panels, if a company doesn't suggest going at least 15- 20% higher then your current usage, say you use 7 kw a year you should have at least. 9kw system to make up for winter and cloudy days, Canada wild fires lol and just other factors, it's definitely going to cost more, but it wouldn't really be that much more unless they are going for big profits.
They have me going 35% more, than my current needs. They where wanting to added more to make sure future needs are meet, but not sure what else I would need further. Planing on a Solar EV so should only need to charge once or twice a year, and those will most likely be remote charge session when traveling.
Genuine questions here, with more solar getting into the grid than ever before, population of the country not growing, and birthrate steadily going down. Why is the cost of electric going up? Also why has the cost of solar not gone down? Door knockers in my area are quoting numbers like 40k to get a system with no battery back up.
It seems the cost of everything is going up with inflation. I should also mention that the solar panels themselves make up only 15-20% of the overall system cost.
I bought solar on my roof with ADT Solar in December 2023 and they then shut down a few weeks later. Happy with my REC pannelswith Enphase microenverters but likely overpaid ($1300 per 405 watt pannel x 61 panels). I'm based in Orlando, FL
I'd have to borrow several of my neighbours roofs to fit 61 panels!!!! Well done sir.
You did great! Your mods are 405watts so your price per watt is $3.25 which is great!! You can't go wrong with REC mods with Enphase Microinverters!! Hopefully you are at 120 to 130% offset so you will not have a utility bill for 10 to 15 years!
You got royally screwed. You can get panels + inverters now for around $1 per watt. $3.25 is basically pure profit to them, of course ADT is known for screwing people and businesses with high prices and shady practices. With crazy low prices, solar if installing yourself, or mostly yourself with electrician to help with connection and permits is a no brainer, but going through an installer completely eliminates any benefits.
@@xeridea Absolutely not! You literally have Zero idea of what you are talking about!! This is a full solution warrantied for 25years. Your DIY project has Zero warranties and equipment lasts 10 years max and we all know most DIYers usually do not pull permits.... You are literally comparing Apples to Oranges!
@@GrinDiesel1969 Warranty is from the manufacturer. The connections are mostly plug and play.
Seems like getting off the grid completely.... having the utility unhook you... is the best route if you can.
Then you don't have to deal with the super high utility bills that are coming because the govt is mandating that utilities expand and fortify their grids. Guess who pays for that and the markup that the utility will slap on?
Yep. Way to do it for sure
Absolutely the best way.
I spoke with Joe in December for a solar quote and have never heard back. I reached out by email a couple of times, but never got a response. Like the videos, but the solar quote never happened
In many areas utility prices are increasing much more than the interest rates.
PG& E will be increased 33% in 2024 alone.
I would assume this is stock liquidation, in preparation for a new type of cell.
Certainly seems like it.
Adding another kw time
@7:25 You are litterally just connecting batteries/communication cable and programming the inverter settings.
This won't last due to the tariff just announced on Chinese solar panels, EVs and semiconductors.
I hear this every few months for years, yet here in Canada, prices are still out od control. Who cares what prices are if individual governments have import tarrifs on them. Chinese panels have been available for $0.25/watt for several years. In camada we have a 268% tax on imported panels
Tech products are SUPPOSED to get cheaper as they are mass-produced. That's always been good news for the consumer. This is what free markets are all about. But if panels cost half of what they did last year, I don't, see how 15% interest rates would keep installation costs the same as then. That math aint mathing.
Your best bet with solar is not grid tying but allowing pass through for supplement or ESS. %of tax credit went up but buy back was cut in half. That completely killed the incentives. Not to mention the costs with permits, roof replacements and now insurance companies dropping home owners. And, there are so many wall plug ground deploy kits that will completely eliminate your light bill and they just plug in to the gfci outlet of your home.
We live in a small county so luckily When we Solar up our house, I’ll just install a separate panel for critical loads and power main loads for the house via a subpanel.
Joe, we purchased two KiloVault HAB 7.5Kwh batteries 🔋 🔋 & that company went out of business!
With only one cycle 1 of the batteries 🪫 will not power up at all. We are looking 👀 to source a replacement BMS. As an industry leader, do you have any recommendations?
I'm afraid not. You may need to move to a different battery system.
I have not stepped into solar yet, but I’m looking to buy some panels. Which ones would you recommend?
Check out our video on Top 5 Best Solar Panels Going into 2024: czcams.com/video/7z1ASrz9gTs/video.html
Contractors = Greed... Pass the savings on to the consumer plain and simple... The install costs should be worked into the estimates from the get-go... Give me an itemized cost breakout so it's totally transparent and give me the savings on the panel cost. That's on the contractor. You've shown that the battery installs are getting easier and easier and that's a separate charge anyway.
Bonehead comment. Feel free to enter the contract world yourself and undercut them and make a mint.
Just buy the panels and do it yourself
That's what utility companies were hoping for so they could make billions in profits again and the reason why CPUC agreed to NEM 3.0 was what util comp was asking for and someone got their under the table commission. I got my solar system 1st qtr of 2022 and my solar loan was 100% financed with 1.49% for 20 years. my solar system (high efficient LG panels 435 watts each and Enphase IQ8H-240 micros) at the right time when interest is low and at NEM 2.0 and compensated with 30% more power than I use annually for future electrical add-on. Yes, the solar company that installed my solar system did not get any advance or paid until months later after my solar system was in operation. You also have to and aware some of these installers will try to upsell by saying you need to re-do the roof etc just to add more to the sale which means you must be savoy on certain and not just a regular customer not knowing anything which the installer like.
Please tell me where solar panels are down 50% LOL because I haven't seen that anywhere
My solar inataller went bankrupt. I have an enphase system with 2 enphase 10t batteries. Was thinking of adding a third.
So what happens with your system? No warranty?
@@Trust_but_Verify I still have the enphase warranty on my equipment and the panel manufacturer warranty for those. It just means I will have to do the work, or pay someone to replace in warranty items.
Make sure you install a couple of Tesla Power walls or some other Battery System with your solar. Best thing that I have done for my home. Only regret is that I didn't do it sooner.
I built my own battery four times the capacity for about the same price of a Tesla Powerwall 2.
6:48 Or, they could just not dive so hard in thinking to make quick profits. Slow their attempts to scale the business and be stable enough that month to month fluctuations doesn't totally tank their business model.
Are all of the costs associated with financing charged to cash customers as well?
No. You should always be able to get a lower price on a straight cash deal.
LiFePo batteries also dropped like 40%
PTO should not be the funding signal. My system has pto butt not complete on the enlighten app showing all X-rays. Also have a leak and company went bankrupt. . .
What state are you in?
@@soligosolar LA
We understand that the solar companies are greedy. It’s their own fault that they’re not getting paid by the finance companies until the project is complete.
I know! I know! Demand has cratered due to California’s NEM 3.0, so panels are a lot cheaper.
So the customers don't have the money to pay for the solar system and the contractors don't have the money to hold inventory. Sounds more like a basic economics problem to me.
How much cost to install 34 kWh basic installation just installations
That's tricky. Most contractors will not offer installation labor only. They would want to provide the entire solution using their equipment. I would suggest talking to a smaller local electrician, who may be willing to help you on an hourly basis.
Ya, I'm looking for someone to do the roof work. At the panel and battery, I can do myself. The whole industry is kind of scamish. I already know the panels and parts to use that are economical yet very high quality.
Need more info ....do you need 34 kWh x the number of sun hours you have at you latitude or is your total average daily consumption 34 kWh ?
I live on Maui and I'm currently building a triplex that will be completely off-grid with solar and battery. I am rolling the financing in for it with the construction loan. Grid power here costs 42 cents per kilowatt hour and my unsubsidized and finance cost of solar will be 1/3 of that. I am doing all of the construction for the electrical system myself and having an electrician sign off at the end. My system cost will be under $30,000 for a massive system. There is no incentive to hook up to the grid as they will charge more for your power and give you nothing in exchange along with a $10,000 hookup fee. I have no motivation to hook up to the grid. I will simply not use all the power that I make in the summer and switch my cars to electric. It cost too much to hook up to the grid and then have them tell you what you can do with your system, how big a battery you can have and not hassle me if I want to make a small change. There is no requirement to hook up to the grid.
any relevant companies bankrupt or just the resellers that are scamming customers 100% of the time regardless? All the manufacturers seem fine.
Buy it,build it,install it, use it. Under 10k no problem
The govt should forget expanding the grid and instead focus on super low financing costs for the installers with warranties to customers if their contractor should go out of business.
By massively scaling up home systems, there should be less overall load on the grid not more. No need to upgrade or expand it in most circumstances then.
Apartment buildings should have zero interest loans also to install solar everywhere in their buildings and grounds.
We really need to get serious. I for one am fine with high quality Chinese panels taking over the market.... it's called capitalism.... something the US has forgotten about. The highest quality product at the lowest price should ALWAYS win... no matter from where or even if subsidized. Instead of whining the US should be equally subsidizing our own solar manufacturers to become competitive. If they can't be competitive even with that help then so be it. That's how REAL capitalism works.
Which solar panels however are a great deal that can operate in the shade? (The majority of humanity does not have 100% bright perfect exposure for 8 hours everyday)
So a cash buyer dealing directly with an EPC should see lower prices, all else being equal (reputable installer, similar quality materials, etc.). Peace - John
Correct.
10 cent Wp. Thats the Price. A 400 Wp Panel cost 40 Dollar. 20 Panels cost 800 Dollar. Production 8000 kWh for 800 Dollar. Rooftop Solar is for Free. ❤
I believe that solar energy should be a big part of the energy strategy moving forward but I don’t think that taxpayer dollars should fund residential solar. My reasoning is that if you took 1,000 homes and gave each a 30,000 dollar credit you spent 30 million dollars. If you spent that on a commercial project with batteries it would lower the cost of energy for everyone not just the wealthy. Individual rooftop solar is great and if you want and can afford it go for it.
Sooooo cute 😊
The construction industry is a clusterf##k, full of chaos in most realms. Solar is trying to (mostly) merge and prosper within this construction realm (lawsuits, existing conditions, overlapping specialities, etc).
Until the local government and utilities offer significant incentives, solar will not advance very fast. Also, until all the shady contractors and solar sales companies are eliminated, people are going to be leery of solar installations.
30% federal tax credit and SRECs already exist. Most ppl will break even with solar at 10-15 yrs, especially in the mid to south US. In fact, if you live in thy South and don't have solar, you're just financially irresponsible.
@@Spielzeit85 I have looked into solar and with $60k plus initial investment, the payback will take quite a while. For retirees, like me, it is just not economically possible to make those monthly payments on top of our normal bills, if we could even qualify for a loan. I think solar would have to get down around $20k for a system before I could have a hope of getting one, especially one that includes storage. And storage is really what makes the solar system practical.
Rec 200$ inverter 125 $ 60 panels 20000$ plus labor how much labor the company want 65,000
A fair market price for that install (labor only) would be $20k
That’s 30 year payback..?? Will you even own that home and be alive..lol
Very nice, let me go check the panel prices iny area for all these killer deals... Oh wait, they are still as expensive as ever.
Where are all the 50% off deals? Yeah, eaten up by middle men.
New tech bye bye old panels. Dirt cheap.
Mod pricing is down because of the tariff bullwhip effect. End of story.
DIY DIY DIY
Dings, Bells, and chimes are annoying AF.
I have Solar World panels
tariffs on the horizon...
Costs of solar doesn't make sense. Costs tens of thousands it's crazy.
You do know the residential solar market is not....the solar market.....right?
One of my friends signed a contract almost a year and half ago. They installed everything and everything is working fine but the installer has not completed the State and local township requirements to start PTO . Installer not picking up the phone. Not sure what to do
That's an unfortunate situation. In this case, you might need to bring in a separate electrician who is locally licensed and can deal with the township.
Well you'll probably have to buy a lot of KY Jelly so the Democrat government can finish screwing you over.
The way I said the contractor have 100% profit on the system
100% profit is impossible for any business.
Solar prices in the USA seem insane from a European perspective
There should be jobless installers around now.
Middle man businesses should have been a thing of the past a long time agothey make the biggiest margin and do the least workwork that is unnecessary..
Great information. However, it was hard to watch. Sitting behind a mic at a table is very lamb. You could be more creative in your approach.
Please stop leasing solar.
It kills the value of your home and 90%+ ppl do not live in their home that long. It’s a giant burden attached to your home.
I’m a realtor and no one wants to take over a lease, particularly with no buy out option.
I love solar but leasing is near criminal imo
These are all valid points. Leasing solar only really makes sense if you're going to stay in the home for 25 years. And, like you said, almost nobody does that.
Great point. I did NOT put a contract on a home because of the solar lease. The electric cost in the lease was 2x the price of the local electric company with step increases. Who wants to buy into that with 15 years left on the lease.
@@JoeAnshienthey would have to lower the price of the house = lease buyout cost.
@@vecamiolo Do they remove the panels or do you keep them if you buyout the lease?
I thought this would be helpful buying cheap panels. Waste of time.
Solar panels will last 25 years! Haha yeah right.
Dumping from china
Nonesense justification
you look such a typical salesman