I’ve always wondered about something, yet have never found anyone discussing it online. So maybe some smart people can help me out: a lot of people install solar on their rooftops. Much of the time this is done with the assumption that it will pay off financially because energy prices are currently at a certain rate and will continue to rise. But here’s my question: If its financially advantageous to install solar on…
So the thing is the economics of rooftop solar are a lot different than power station solar. The DOE has public data on how much utilities pay for electricity. In a market like mine, Southern California Edison isn’t an electricity generator, they buy power at about $0.02/kWh but then they sell it to the residential consumer for up to $0.32. So clearly it’s a very different calculation. Regardless of that generators a…
But of course, you need to do the calculation for your situation.