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…
You are correct, according to National Renewable Energy Lab (NREL), rooftop solar is over twice as expensive as utility scale solar[0]. The NREL estimate is helpful in that it details the components of the cost. And, as you would expect, the hardware and labor costs are lower for utility scale because of, well, scale, but the dominating difference is soft costs (land, marketing, profit, overhead, etc). Its worth noting, soft costs for residential solar are significantly lower elsewhere in the developed world (DE, AU) mainly because permitting and marketing are much easier.
[0] https://www.nrel.gov/news/program/2018/costs-continue-to-dec...