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this post was submitted on 21 Dec 2024
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Average solar panels are warrantied to give 100% power for 25 years. After that, they still work but at roughly an 80% rate, with a small fall off each year.
A 6 year payoff is an excellent investment. I'd gladly hang something with zero negatives on a balcony that just made me money for the rest of my life.
They don't drop from 100% to 80% year 26. It's a gradual but accelerating slide, with 80% still warranted at the end of the timeframe.
That doesn't make PV a bad investment; overselling it puts people in the sceptic camp, though, which is what we're seeing in this thread.
Its a general estimate of viability, yes. I did point out that panels drop off a bit every year, but it looks like that wasn't clear if you feel like it needs a correction.
Every comment in here when I posted was skeptical about solar, with no stated reason. I added some general data about actual panels. If you want to add more up to date info, please do.
To be clear, I'm only wanting to clarify because I already live off solar. As such, I find it important to provide the correct information about expected panel longevity in general ... getting into the weeds about things like panel type and brand tend to make people's eyes glaze over while already skeptics, which doesn't sell a lot of people on the virtues.
The important takeaway is, yes, this is mature tech that continues to evolve. There's going to be loss each year, as there will be with LFP, so both can de viewed as depreciating assets when ignoring the cost savings accrued over time; however, price trends with both technologies suggest (thus far) that picking up an extra 25% of capacity in 20 years is not only doable but will actually lower the lifetime kWh cost of the system.
The real ongoing cost by then is going to be a few inverters.
If it replaced my need for a grid, I would.
It won't, but the above replaces about 30% of power costs for life for these residents, and pays off in 6 years.
Thats still very good.
With the hell I continue to go through having made spectacularly bad choices in building out my solar, I get the trepidation. But my starting point was the grid being unreliable. If yours isn't, great! That's not the case everywhere, and freezing for a week changed my mind about the utility of being on-grid when I can have far more control for less money.
"Better than what I've been getting" is a low bar, but adequate for investigating other options. I've not correctly balanced everything yet. Still, I don't just lose power because of weather hundreds of miles away, just my own inadequacy at research.