I bought my own equipment and installed it myself and pulled my own permit. I paid about $10,000 for everything and took the tax credit on top of that. My system meets about 90% of my annual energy need and if the power goes out for five days or more 80+ percent of my circuits are backed up and everything runs smooth. My payback period is about 4 1/2 years.
That’s great but not everyone can do that or wants to take on that responsibility. So finding reputable solar contractors and dealing with them directly is the best solution for the majority of homeowners.
@@LifeLongLearner-om8jx that's true, and I was a contractor for many years. I quit the business because my competitors were becoming increasingly cheesy and I found that I was losing bids to shysters and fraudsters and solar companies who perform really low quality work. 😢
Totally disagree. It's what most dummies will do, BUT IF YOU'RE SMART, you do it yourself or at least learn enough to make good choices in your setup. @@LifeLongLearner-om8jx
@@LifeLongLearner-om8jxANYONE can do it. Watch a few TH-cam videos. Maybe pay for the panel install, but the rest is pretty simple. We have iPhone disease. Everybody is lazy and dumb, and wants everything to happen automagically.
SunPower's 92% guarantee after 25 years is outstanding. One thing to note, however: a guarantee is only as good as the company providing it. If they go bankrupt, obviously the guarantee doesn't mean a hill of beans. That said, it's admirable they're shooting for such amazing results. We switched to EVs last year and we turned on our geothermal system early this year. The next step is solar, but I'm taking my time to get the best solution for us.
They should get much cheaper very quickly, hard to know when to buy. Same with ebikes, electric cars, escooters etc. But people do get use out of them and maybe save money in the meantime so maybe they are worth getting now for many. Soon though they'll just be dead cheap and *everywhere*.
I have a 4kw solar panel system from Tesla. I have really enjoyed it, it offsets about 33% of my electric use. My Model 3 is essentially powered by the panels alone as any excess solar I generate I just put in the car.
I went with Tesla for a 4k system, Tesla inverter and q cells. I used my own referral own a model y, credit card rebates and the federal 30 percent to get the total cost of the system around $6000 cash. Q cells are 86 percent at 25 years old
I have the exact same size system from Tesla also with the Qcells. It was interesting to find out the panels are manufactured here in Georgia, in Dalton.
Unfortunate now as the new Tariffs introduced last week, many, many of these alternate solar and battery providers with no longer be cost effective, setting back movement to green energy.
Public Utilities (government) are not too keen on you becoming energy independent. The cost for services and subsequent taxation of any service is needed revenue. They won't make changes to their infrastructure to reduce costs, they'll simply raise the cost of their services for those still left consuming from their grid.
Many large building use storage batteries without solar. They use cheap energy TOU times to fill batteries. When electricity becomes expensive as the day progresses more batteries come on line. I believe that was why Tesla would not sell just the batteries unless you bought some panels. I think they have gone back to allowing just battery purchases. Batteries make the real difference. I use my house battery to help charge the EV with solar. Many times completely free to charge EV
In live in the UK, so I am lucky if I can make 20kw per day in solar energy. This is ok, but what most powerwall/storage batteries does advertise is the the batteries management system uses 100w-200w, so maybe 2kw per day. In the UKs winter, I may not make 2kw per day - so the batteries are actually costing me electricity. I estimate this is about 60 days per year
Take another look at what states they’re in. I know they just dropped my state I live in Utah. I have a 22 kW Tesla Solar system and three power walls. I was set for an additional two power walls to add to my system and they just completed designing my system and then told me they no longer do business in Utah and they fired their whole staff.
80% of my circuits remain energized when the power goes out and I could do that for weeks and weeks and weeks. And I only have about $10,000 into my equipment.
The solar panels are made in NY I think. The batteries can come from different suppliers, but last I looked, were made in the US. The packs are assembled in Nevada.
The problem with any renewable system is delayed gratification like the stock market. It’s a lot of money up front that pays you back later like an asset. Natural gas plants/coal plants are cheaper to build and you’re buying gas or coal in monthly allotments vs buying huge amounts of coal or natural gas up front. In Hawaii I paid my system off in 4 years as electricity is 50 cents/kwh. I can not control healthcare system costs but can control energy costs. Hawaii already over 30% renewable mainly to residential private rooftop vs government or electric companies. Electric company receiving a good deal as using your rooftop that is already connected to the grid vs clearing huge amounts of land with all the wiring infrastructure and costs. Before energy companies would DUMP excess energy they could not use. With battery storage they save energy especially for night use and smooths the grid. Buy your system. Leasing is not a good deal and a pain when selling the house with leased solar
Tesla motors/energy also build their own superchargers. Some companies like BP OIL buying chargers and rebadging them. Hopefully see more EV stations at gas stations
My powerwall really made my solar system a real asset. Powering my home at night. Also store cheaper TOU power to be used at expensive times of power consumption. Musk wants to be the battery Guru of the USA. Holy Grail Supply/demand is battery storage. Home battery storage allows use of power with outages. A solar system WITHOUT a battery CAN Not run with outages as endangers utility workers. Many home owners do not realize this downside of just solar panels. MegaPacks cheaper than PEAKER Plants. MegaPacks and solar at many supercharger stations keeping costs/kwh charging cheaper than competition. Also keeps some stations running during brownouts. In Texas Tesla offer VR POWER UTILITY company. Microgrids vs Macrogrids are the future
I have powerwall 2’s. Powerwall 3 can not be integrated with 2’s. I was hoping LFP batteries in powerwall 3 as they love 0%-100% charging with longer life vs NCA or NCM. LFP lithium IRON batteries no cobalt or nickel. They are heavier and not as energy dense but who cares as installed in a home.
A solar system without batteries cannot endanger utility workers! Those are grid following inverters and they have absolutely no ability whatsoever to make electricity if they are not coupled to the electric power coming from the utility.
My original solar panels 12 years ago only 250watts/panel. Now the average is 420 watts so less panels needed for roof space. Panels keep roof cooler and possible longer life. Commercial panels are larger and up to 800 watts/panel. More watts mean more cost.
And between that 250 W panel and the 420 W panel they are near identical in the amount of watts per square foot. They have only improved by a couple of percent.
Tesla panels are only 80% after 25 years, I had no idea that was the case, so glad I got LG panels. Just wish they still made them! My friend used Blue Raven and is happy with them. I used a local installer. What about Enphase batteries?
Your LG panels are going to perform the same. Expect degradation at about 0.5% per year or more. So in 25 years you will be lucky if your panels put out 80% of their original rating.
Outside of "Solar Roof" Tesla doesn't actually make solar panels and just white labels QCells. I got a quote from Tesla wanting a 14+ kW system with Powerwall 3 batteries, and they came back and told me the best they could put on my roof was 12kW which would only cover about 75-80% of my energy use. Instead I found a local installer, how is actually a Tesla certified installer (the same people my Tesla order would have gone through) who could not only sell and install the exact same Powerwall 3 batteries, but paired it with a DIFFERENT solar panel company, REC, and was able to get 14kW on my roof and actually originally quoted be an 18kW system! WAY more than Tesla would or even COULD do because they are locked into one single panel, one panel size, no flexibility. In the end even if I had stayed with Tesla, they would have only sub contracted my order out to some local installer anyway. This way I bypassed that, went directly to the local installer, and got a better system for doing so. On top of that given how much bad talk Tesla has gotten lately about their solar work since the company gutted the division, including horror stories of people waiting over a year to get the system turned on, I'm quite happy having bypassed all of that. My install is only just now getting started but I'm told getting it done before the end of the year (It's end of July 2024 right now) will not be a problem.
I have to stop you they are NOT the cheapest option. You can get permits though a company like whole sale solar, you do the work and you cut your labor cost out and save half of the projects total cost. You can even order the parts through a third party. As long as it is to code, or off grid you can do it.
Where I live we definitely have enough sun to use solar panels, and it would be awesome. However its not cost effective to make the change. If the governments really want to make the change they have to make it cost effective or most will continue to stay on the grid which is what they dont want...
@@boblatkey7160 Interesting you can come to that conclusion when you know nothing about me, where I live, the costs, and the calculations...interesting
Great coverage but would have loved to see mention of V2H solutions that are available now and coming in the near future. When you have a 100+kWh battery sitting in your EV, why waste $20K - $60K on 30kWh battery to sit in the same garage? GM Energy is selling now, Kia called me two days ago to advise that V2H solution is coming soon for my EV9. Sunpower announced in May that they now offer Tesla Powerwall. I had conference call scheduled with Sunpower, they never showed up for the call or contacted me to explain. I have order pending with Tesla Energy for over a year with no change in "not available in your area." I live in SoCal, pretty sad it still is not available in parts of SoCal when GM Energy just came to market and they are already available in my area. Your warning about local installation and availability is spot on.
Wait, transparent pricing? The way they advertise their car prices aren't even legal in some countries. Instead of the actual price, they remove federal tax credits and "estimated gas savings" (the latter which they use to subtract SIX THOUSAND DOLLARS from the advertised price). When going through the purchasing process, they default to hiding the total behind the obfuscation of monthly payments. You have to click around to get the actual total.
No, no. Coal plants are far more expensive to build and operate than natural gas or coal and it's not close. Coal makes no sense unless you have lots of good, cheap coal close by.
Solar doesn't make much sense if you only make enough power during the summer and have to rely on grid power during the winter and the fact they eventually wear out and need to be replaced like batteries. Even net metering doesn't make much sense if your state only allows reimbursement at wholesale rates or for those who are grandfathered it's only for 20 years. If you can go completely off grid that might be worth it but you're on your own when things break.
Depends. Tesla offers solar panels or a solar roof. Solar roof is pricer but much more effective. With the powerwall and the roof this should pay for itself within 10 years.
I literally just learned that homeowners make more money than I could’ve expected. Maybe when you buy it, it’ll make more sense to you especially where you might live
@abc123fhdi clearly doesn't have much expertise. My system does not cover my needs for 4 months of the year, however I have net metering and overall the electricity company has to pay me rather than me paying them. If I had installed solar without batteries my break even point would be 7 years. I decided to buy 3 powerwalls which moved break even to 13 years, but now I don't have to suffer power outages.
Tesla Solar worst customer service ever. It is hard to get in touch with anyone and when you do, it is months before you get anyone out if they actually make it without rescheduling.
Yup, I read the horror stories about Tesla's CS and a buddy of mine is experiencing the same problem. His Tesla Solar and PW3 have yet to be PTO since July '24.
Solar and batteries don’t save enough to warrant the investment anyway. Investing the money in stocks can pay for your energy bills for life. It’s insane how financially illiterate people are. I’ve not had a power cut for longer than s few hours in 6 years in the UK.
@Pottery4Life solar panels are nearly guaranteed to earn you a profit as they produce something of value, energy. If you use electricity, solar panels will be of value to you, and in the long run, it will likely turn a profit. There's less risk with panels than with stocks, and that's why the return is lower. But hey, people waste their income on plenty of other worse things, I wouldn't consider investing in panels to be a bad allocation of assets, especially if you have the funds on hand and value a level of energy independence.
@@keijuhl your the prime example of financial illiteracy I was talking about. Stocks have returned 11.4% compounded on average for 120 years. Even more in the last 24. They are not a risk. Everyone’s pensions are invested there 🤣 solar panels will never compete with stocks they have a limited life and once bought they are worthless and are actually a liability due to service and maintenance and potential faults. America even has some of the cheapest energy in the world. Not to mention improvements in panels could make your huge investment worthless given how poor current panel technology is. As I keep saying financially illiterate
@@keijuhl why would the grid be down? If the grid is down you got bigger problems than keeping the lights on 😂 do you live in a 3rd world shit hole with frequent power outages? I can understand if you’re off grid or in some backwater shit hole. I live in the UK and my 4 bed energy bill including heat is £1400 a year. It would take 10 to 20 years to break even but I’d lose 20k investment and all the tax free returns on that 20k for over a decade. For what? To keep lights on during a once in a decade power cut. 😂
Get local solar quotes on EnergySage: www.energysage.com/p/ryanshaw
I bought my own equipment and installed it myself and pulled my own permit. I paid about $10,000 for everything and took the tax credit on top of that. My system meets about 90% of my annual energy need and if the power goes out for five days or more 80+ percent of my circuits are backed up and everything runs smooth. My payback period is about 4 1/2 years.
That’s great but not everyone can do that or wants to take on that responsibility. So finding reputable solar contractors and dealing with them directly is the best solution for the majority of homeowners.
@@LifeLongLearner-om8jx that's true, and I was a contractor for many years. I quit the business because my competitors were becoming increasingly cheesy and I found that I was losing bids to shysters and fraudsters and solar companies who perform really low quality work. 😢
Totally disagree. It's what most dummies will do, BUT IF YOU'RE SMART, you do it yourself or at least learn enough to make good choices in your setup. @@LifeLongLearner-om8jx
@@LifeLongLearner-om8jxANYONE can do it. Watch a few TH-cam videos. Maybe pay for the panel install, but the rest is pretty simple.
We have iPhone disease. Everybody is lazy and dumb, and wants everything to happen automagically.
SunPower's 92% guarantee after 25 years is outstanding. One thing to note, however: a guarantee is only as good as the company providing it. If they go bankrupt, obviously the guarantee doesn't mean a hill of beans. That said, it's admirable they're shooting for such amazing results. We switched to EVs last year and we turned on our geothermal system early this year. The next step is solar, but I'm taking my time to get the best solution for us.
They should get much cheaper very quickly, hard to know when to buy. Same with ebikes, electric cars, escooters etc. But people do get use out of them and maybe save money in the meantime so maybe they are worth getting now for many.
Soon though they'll just be dead cheap and *everywhere*.
BK...
I have a 4kw solar panel system from Tesla. I have really enjoyed it, it offsets about 33% of my electric use. My Model 3 is essentially powered by the panels alone as any excess solar I generate I just put in the car.
I went with Tesla for a 4k system, Tesla inverter and q cells. I used my own referral own a model y, credit card rebates and the federal 30 percent to get the total cost of the system around $6000 cash. Q cells are 86 percent at 25 years old
Whats the sqft of your house? What percentage of usage does it cover?
@@Eireternal I use about 20-30kw during the day which the system will provide, I buy from the grid at .13 cents at night.
@@Kendallbogley3 nice deal!
I have the exact same size system from Tesla also with the Qcells. It was interesting to find out the panels are manufactured here in Georgia, in Dalton.
I’m a bit surprised you missed Enphase Energy, the number one residential inverter in the US… (recently was most quoted on energy sage as well)
Ya still don't understand how First Solar is running and Enphase declining. 0 sense.
Unfortunate now as the new Tariffs introduced last week, many, many of these alternate solar and battery providers with no longer be cost effective, setting back movement to green energy.
Public Utilities (government) are not too keen on you becoming energy independent. The cost for services and subsequent taxation of any service is needed revenue. They won't make changes to their infrastructure to reduce costs, they'll simply raise the cost of their services for those still left consuming from their grid.
I’m liking Anker. There’s an LCD display which provides redundancy should I lose connectivity.
Also depending on the climate the operational range is important of a panel, especially in cloudy places.
Will a power wall, with or without solar, be a code requirement in all new homes soon? In all pre-existing homes and multi-family units one day?
I like how this vieo mainly talked about everything other than the Tesla stuff. More like and advertisment for everything else.
Can you summarize who makes the best (1) electricity storage and (2) the best solar penal. Thank you!
I think REC/Panasonic panels are the best rated and least degradation over time. PW3 has built-in inverter so installation is cheaper and faster.
LG Home 8. And who cares about solar panels, they are a dime dozen and they are all good quality.
What is available in Canada?
Many large building use storage batteries without solar. They use cheap energy TOU times to fill batteries. When electricity becomes expensive as the day progresses more batteries come on line. I believe that was why Tesla would not sell just the batteries unless you bought some panels. I think they have gone back to allowing just battery purchases. Batteries make the real difference. I use my house battery to help charge the EV with solar. Many times completely free to charge EV
In live in the UK, so I am lucky if I can make 20kw per day in solar energy. This is ok, but what most powerwall/storage batteries does advertise is the the batteries management system uses 100w-200w, so maybe 2kw per day. In the UKs winter, I may not make 2kw per day - so the batteries are actually costing me electricity. I estimate this is about 60 days per year
Interesting
Take another look at what states they’re in. I know they just dropped my state I live in Utah. I have a 22 kW Tesla Solar system and three power walls. I was set for an additional two power walls to add to my system and they just completed designing my system and then told me they no longer do business in Utah and they fired their whole staff.
When is powerwall 3 going to be readily available? I’m about to pull the trigger but don’t want an older version
Just released about a week ago and is available for install. Just had PW3s installed two days ago.
Have fun with revision a! Can't wait to hear back about all your problems and failures being the first one to use a brand new release.
I want a megapack for my home. So I can have the lights on for a year when the power goes out.
At least maybe one or two per neighborhood? Decentralized BES would be awesome.
80% of my circuits remain energized when the power goes out and I could do that for weeks and weeks and weeks. And I only have about $10,000 into my equipment.
It would be helpful to know where these products are made, in case you wanted to use this as part of your calculation.
The solar panels are made in NY I think. The batteries can come from different suppliers, but last I looked, were made in the US. The packs are assembled in Nevada.
@@EdgewiseSJ For Tesla, maybe, but what about the others.
@@georgegoodwin9722 mostly China for solar and battery stuff. You'll need to look up whatever specific product you want.
The problem with any renewable system is delayed gratification like the stock market. It’s a lot of money up front that pays you back later like an asset. Natural gas plants/coal plants are cheaper to build and you’re buying gas or coal in monthly allotments vs buying huge amounts of coal or natural gas up front. In Hawaii I paid my system off in 4 years as electricity is 50 cents/kwh. I can not control healthcare system costs but can control energy costs. Hawaii already over 30% renewable mainly to residential private rooftop vs government or electric companies. Electric company receiving a good deal as using your rooftop that is already connected to the grid vs clearing huge amounts of land with all the wiring infrastructure and costs. Before energy companies would DUMP excess energy they could not use. With battery storage they save energy especially for night use and smooths the grid. Buy your system. Leasing is not a good deal and a pain when selling the house with leased solar
Tesla motors/energy also build their own superchargers. Some companies like BP OIL buying chargers and rebadging them. Hopefully see more EV stations at gas stations
My powerwall really made my solar system a real asset. Powering my home at night. Also store cheaper TOU power to be used at expensive times of power consumption. Musk wants to be the battery Guru of the USA. Holy Grail Supply/demand is battery storage. Home battery storage allows use of power with outages. A solar system WITHOUT a battery CAN Not run with outages as endangers utility workers. Many home owners do not realize this downside of just solar panels. MegaPacks cheaper than PEAKER Plants. MegaPacks and solar at many supercharger stations keeping costs/kwh charging cheaper than competition. Also keeps some stations running during brownouts. In Texas Tesla offer VR POWER UTILITY company. Microgrids vs Macrogrids are the future
Tesla app controls your powerwall as well as you Tesla EV
I have powerwall 2’s. Powerwall 3 can not be integrated with 2’s. I was hoping LFP batteries in powerwall 3 as they love 0%-100% charging with longer life vs NCA or NCM. LFP lithium IRON batteries no cobalt or nickel. They are heavier and not as energy dense but who cares as installed in a home.
Enphase energy with my Tesla app is the Mercedes Benz of energy apps, no question about it
A solar system without batteries cannot endanger utility workers! Those are grid following inverters and they have absolutely no ability whatsoever to make electricity if they are not coupled to the electric power coming from the utility.
Will the customers put out pocket another $25k or higher..?
Glad you did this one because Anker has s strong
My original solar panels 12 years ago only 250watts/panel. Now the average is 420 watts so less panels needed for roof space. Panels keep roof cooler and possible longer life. Commercial panels are larger and up to 800 watts/panel. More watts mean more cost.
There are blue colored and black colored panels. Black panels more expensive and more watts
@@Starship007I paid $3 per watt or so some 10 years ago.
And between that 250 W panel and the 420 W panel they are near identical in the amount of watts per square foot. They have only improved by a couple of percent.
Tesla panels are only 80% after 25 years, I had no idea that was the case, so glad I got LG panels. Just wish they still made them! My friend used Blue Raven and is happy with them. I used a local installer. What about Enphase batteries?
Your LG panels are going to perform the same. Expect degradation at about 0.5% per year or more. So in 25 years you will be lucky if your panels put out 80% of their original rating.
@@boblatkey7160 no sorry they are guaranteed to 92%.
@@boblatkey7160.5 times 25 years is 12.5% degradation sir or mam
Outside of "Solar Roof" Tesla doesn't actually make solar panels and just white labels QCells. I got a quote from Tesla wanting a 14+ kW system with Powerwall 3 batteries, and they came back and told me the best they could put on my roof was 12kW which would only cover about 75-80% of my energy use. Instead I found a local installer, how is actually a Tesla certified installer (the same people my Tesla order would have gone through) who could not only sell and install the exact same Powerwall 3 batteries, but paired it with a DIFFERENT solar panel company, REC, and was able to get 14kW on my roof and actually originally quoted be an 18kW system! WAY more than Tesla would or even COULD do because they are locked into one single panel, one panel size, no flexibility. In the end even if I had stayed with Tesla, they would have only sub contracted my order out to some local installer anyway. This way I bypassed that, went directly to the local installer, and got a better system for doing so. On top of that given how much bad talk Tesla has gotten lately about their solar work since the company gutted the division, including horror stories of people waiting over a year to get the system turned on, I'm quite happy having bypassed all of that. My install is only just now getting started but I'm told getting it done before the end of the year (It's end of July 2024 right now) will not be a problem.
I have to stop you they are NOT the cheapest option. You can get permits though a company like whole sale solar, you do the work and you cut your labor cost out and save half of the projects total cost. You can even order the parts through a third party. As long as it is to code, or off grid you can do it.
SunPower shout out didn’t age well
Where I live we definitely have enough sun to use solar panels, and it would be awesome. However its not cost effective to make the change. If the governments really want to make the change they have to make it cost effective or most will continue to stay on the grid which is what they dont want...
@@boblatkey7160 Interesting you can come to that conclusion when you know nothing about me, where I live, the costs, and the calculations...interesting
Great coverage but would have loved to see mention of V2H solutions that are available now and coming in the near future. When you have a 100+kWh battery sitting in your EV, why waste $20K - $60K on 30kWh battery to sit in the same garage? GM Energy is selling now, Kia called me two days ago to advise that V2H solution is coming soon for my EV9. Sunpower announced in May that they now offer Tesla Powerwall. I had conference call scheduled with Sunpower, they never showed up for the call or contacted me to explain. I have order pending with Tesla Energy for over a year with no change in "not available in your area." I live in SoCal, pretty sad it still is not available in parts of SoCal when GM Energy just came to market and they are already available in my area. Your warning about local installation and availability is spot on.
Why can't this be used in Nigeria
"what I wish I had known"
Wait, transparent pricing? The way they advertise their car prices aren't even legal in some countries. Instead of the actual price, they remove federal tax credits and "estimated gas savings" (the latter which they use to subtract SIX THOUSAND DOLLARS from the advertised price). When going through the purchasing process, they default to hiding the total behind the obfuscation of monthly payments. You have to click around to get the actual total.
No, no. Coal plants are far more expensive to build and operate than natural gas or coal and it's not close. Coal makes no sense unless you have lots of good, cheap coal close by.
energy sage energy sage energy sage....
With the electricity consumption rates in AI and future EV, I doubt US has the sufficient grid infrastructure to support all electric demand…
Stay turned for a total fiasco!!
⚡⚡⚡🧙🏻♂
Solar doesn't make much sense if you only make enough power during the summer and have to rely on grid power during the winter and the fact they eventually wear out and need to be replaced like batteries. Even net metering doesn't make much sense if your state only allows reimbursement at wholesale rates or for those who are grandfathered it's only for 20 years. If you can go completely off grid that might be worth it but you're on your own when things break.
Lol
Depends. Tesla offers solar panels or a solar roof. Solar roof is pricer but much more effective. With the powerwall and the roof this should pay for itself within 10 years.
if you do not mind power outages or brown outs, this is true
I literally just learned that homeowners make more money than I could’ve expected. Maybe when you buy it, it’ll make more sense to you especially where you might live
@abc123fhdi clearly doesn't have much expertise. My system does not cover my needs for 4 months of the year, however I have net metering and overall the electricity company has to pay me rather than me paying them.
If I had installed solar without batteries my break even point would be 7 years. I decided to buy 3 powerwalls which moved break even to 13 years, but now I don't have to suffer power outages.
Tesla Solar worst customer service ever. It is hard to get in touch with anyone and when you do, it is months before you get anyone out if they actually make it without rescheduling.
Yup, I read the horror stories about Tesla's CS and a buddy of mine is experiencing the same problem. His Tesla Solar and PW3 have yet to be PTO since July '24.
Did it ever crossed your mind that the world doesn’t end at USA-borders????
In most cases, solar isn't cost effective and the payback period is too long to make sense
This may be your personal experience, but it totally depends on an individual basis.
Solar and batteries don’t save enough to warrant the investment anyway. Investing the money in stocks can pay for your energy bills for life. It’s insane how financially illiterate people are. I’ve not had a power cut for longer than s few hours in 6 years in the UK.
Stocks won't power your home when the grid is down. Not everything is 100% investment.
If only it was a financial consideration.
@Pottery4Life solar panels are nearly guaranteed to earn you a profit as they produce something of value, energy. If you use electricity, solar panels will be of value to you, and in the long run, it will likely turn a profit. There's less risk with panels than with stocks, and that's why the return is lower. But hey, people waste their income on plenty of other worse things, I wouldn't consider investing in panels to be a bad allocation of assets, especially if you have the funds on hand and value a level of energy independence.
@@keijuhl your the prime example of financial illiteracy I was talking about. Stocks have returned 11.4% compounded on average for 120 years. Even more in the last 24. They are not a risk. Everyone’s pensions are invested there 🤣 solar panels will never compete with stocks they have a limited life and once bought they are worthless and are actually a liability due to service and maintenance and potential faults. America even has some of the cheapest energy in the world. Not to mention improvements in panels could make your huge investment worthless given how poor current panel technology is. As I keep saying financially illiterate
@@keijuhl why would the grid be down? If the grid is down you got bigger problems than keeping the lights on 😂 do you live in a 3rd world shit hole with frequent power outages? I can understand if you’re off grid or in some backwater shit hole. I live in the UK and my 4 bed energy bill including heat is £1400 a year. It would take 10 to 20 years to break even but I’d lose 20k investment and all the tax free returns on that 20k for over a decade. For what? To keep lights on during a once in a decade power cut. 😂