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by loeg
775 days ago
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> I know people in Seattle who run their entire house off solar for 6-8 months on the year (important now that AC is increasingly needed around here...) and who don't fully deplete their battery bank until January. So what? They've invested a large amount of capital in order to avoid low $0.13/kWh residential electricity rates that come from more or less entirely carbon-free sources (mostly hydro, some nuclear/wind). You can do it, it just doesn't make any sense. |
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As per PSE (the power company for the Seattle Metro but outside of Seattle itself), only 23% of the energy sent to surrounding areas outside of Seattle city proper is from hydro. FWIW Nuclear is less than 1%. 46% is fossil fuels, natural gas and coal.
As for the payback period on solar installs, it made a lot of sense a few years ago when the state had incentives.
With the ability to bank credit, plenty of people around Seattle who have solar panels are only paying for electricity for 3 or so months of the year.
Is it a slam dunk? There is probably better ROI on an index fund, but it is not a money losing proposition by any means.