Cash Davidson wrote:
I assume you are considering solar electric (as opposed to solar thermal).
"Putting my EE hat on"
I have looked at this MANY times for both personal use and for work (Duke Facilities). I also took a graduate level class on photovoltaics at NCSU back in the day. The short answer is: The technology STILL isn't there yet. When you do the LCCA and consider initial cost, efficiency, expected life, etc - the payback exceeds the expected life of the system often by a wide margin. Tax breaks and incentives will narrow that gap, but often not enough - especially in NC where our annual sun harvest hours are much lower than a place like AZ.
The root problem is high initial cost and low efficiency. Commercially available solar cells are less than 20% efficient - meaning of all the energy from all the light photons that strike the cell, less than 20% of that energy is converted to electricity. This is only slightly better than it was 25 years ago when I was at NCSU - at that time it was 14%. This low efficiency is why you need very large arrays, which drives the cost up. There are researchers that have hit 45+% using very exotic (read expensive) materials, but they are not commercially viable.
Bang for your buck, It is hard to beat solar thermal. Why? Low initial cost and high efficiency. Using the sun to heat domestic water, heating water, pool water, etc is a proven technology with short paybacks. In a relatively small footprint, you can often generate more HW than you can use.
I understand what your saying about the efficiency of the panels. I have someone coming to do an estimate (free) with Dukes incentive ($1k for every 1kwh) plus the 65% I would get back from sate/Federal taxes it cuts the cost down to about 5k out of my pocket. Factor in my lack of an electric bill and the 5kw system I based my cost off (will that even fit on my roof?) and I will break even in a couple years. also I think a 5k system will surpass my electric needs and I would be putting power back into the grid and actually paid for it.
im still looking into and researching this. I found the other thread mentioned and this does all seem interesting and long term seems financially feasible/smart. This is all of course based off what has been said on the internet and I wont really know until I start getting real numbers and understanding how to use the tax credit/rebates.