Earlier quoted context omitted.
It depends on a whole lot of factors. In a sunny place like CA with good solar incentive programs, assuming good southern to southwestern exposure, they are cash positive after about 6 years [1]. In Wisconsin, 11 years [2]. In Washington State, 15 years [3] 1. https://www.energysage.com/solar-panels/ca/#:~:text=For%20Ca... . 2. https://www.energysage.com/solar-panels/wi/#:~:text=In%20Wis... . 3. https://www.energysag…
Wow is electricity really that expensive in CA? Our total expenditure on electricity over 20 years is around 20k. But in CA that site says that their net 20 year savings using solar is 44k-60k. That's insane. Their savings alone is 3 times the cost of our entire electric bill...
Electricity in CA currently averages around 28c/kWh. Your total expenditure depends on a lot of things, including the size of your home and your loads. The average CA home probably spends around $2000/year on electricity, but that varies a lot based on location and lifestyle.
> But in CA that site says that their net 20 year savings using solar is 44k-60k. That's insane. Their savings alone is 3 times the cost of our entire electric bill...
That figure probably assumes increasing electricity prices over the 20 years, which by and large has held true due to both inflation and increasing wildfire liability.