| I'm actually in GA (Canadian Solar is the panel manufacturer - CSI). Power is cheap in my region, and I was in ~$30k after all costs including the battery storage (LFP). It covers 95+% of the my usage, and I use a fair chunk of power. My payback period will be almost exactly 120 months (10 years) if my power costs remained the same as they did at estimation time. But they won't. We're already seeing relatively large rate increases (GA power has "locked" rates but conveniently has a floating "fuel charge" which is currently more than the base rate per watt...). I expect it to take 6 to 8 years to entirely recoup costs. It helps that I did the install myself, so I avoided contractor markup. Quotes from contractors for a similar install were running ~60k+ which felt (and was) insane, although STILL profitable over the lifespan of the install. Panels should then last another 20+ years after repayment with only minor maintenance. It's shocking how easily they pay for themselves right now, assuming you get decent sun on your property. |
I'm in New York state, power here is still relatively cheap, $0.2/kwh delivered, low solar insolation angle and snow cover during highest demand months should strongly disincentize solar here. Some homeowners took the plunge when rebates and incentives were at their peak but those are starting to phase out.
We're still seeing a high rate of industrial solar being placed in ag zones. New York has some of the most fertile soil in the country, and supplies significant ag resources to the northeast. cSi cells are liable to leach lead into ag soil and watersheds, and solid waste disposal are looming problems without regulatory structure in New York. I'm afraid that in my home state we're going to see a net negative impact from solar.
The state is now pushing local municipalities to site grid scale BESS systems. This works because storage doesn't need to be close to demand, so they're being pushed into poor rural communities. The problem is local fire departments are undertrained and under equipped to deal with emergencies at BESS sites. It's inevitable we'll see an uncontained fire in upstate New York and the consequences will be difficult to manage.
This all may sound like gripe. But I'm genuinely curious about the economics of solar because at the end of the day it's the determining factor in the cost benefit analysis.