Additionally, why would most homeowners spend this kind of money when the vast majority of people only stay in a give house for ~7 years total? The incentives are great, but I don't see substantial changes happening unless it becomes a true no-brainer to replace fossil fuel systems and inefficient infrastructure (windows, roofs, insulation) with updated materiel. Blowing in more insulation is cheap and easy, but most Americans don't have a rainy day fund that would make replacing a furnace with heat pumps something they casually decide makes sense... or gas appliances with electric, or a new roof, etc.
Think of your home as (small) profitable power plant
11–20 of 74 posts
Re: Think of your home as (small) profitable power plant
#12These suburbia homes are still pretty bad deal for the public. Lots of infrastructure cost come with them like car infrastructure etc.
Re: Think of your home as (small) profitable power plant
#13I'm mostly curious about how a normal person can get a zero interest loan?
While Mass Save sounds really generous, it's being funded by everyone in their electric bill. So in a way, you've already paid into the program. You might as well get something out by calling up a Mass Save auditor and seeing what you can get out of it.
Re: Think of your home as (small) profitable power plant
#14I'm mostly curious about how a normal person can get a zero interest loan?
If I did a project like this, I certainly would max out a deal like that, and prioritize that payout over the duration.
If it was from a bank and 3+ years, I'd love to know how to do that too
Re: Think of your home as (small) profitable power plant
#15These suburbia homes are still pretty bad deal for the public. Lots of infrastructure cost come with them like car infrastructure etc.
It's only a bad deal if you ignore what a significant portion of the population prefers and value space lowly. There's more to life than optimal efficiency.
The original comment was carefully worded to avoid any statement about whether suburbia was a good or bad deal for the people who want to live there.
Similarly to how protectionism and subsidies can be a good deal for those people who benefit from them, but still be a bad deal for the public.
Re: Think of your home as (small) profitable power plant
#16Talking with friends and family my bills are higher than normal, most are around $200 and less in the milder months. A quick search shows $469 being average us Utility bills and that includes water, trash and internet.
I would also like to know, what size the panels and battery are as well.
Re: Think of your home as (small) profitable power plant
#17Installed 10Mwh system in 2021 for ~$40k.
After federal tax credits, SREC earnings, reductions in electric bills, and payments from electric co for over production, we have $7k left to recoup in only 3 years. And that ignores savings from the gas we’re not spending on charging the PHEV.
I know it’s a luxury to have, but there’s also some pride value (clearly!). Fortunate circumstance if you’re in the right place and have the cash. I wish the investment was more broadly accessible.
Re: Think of your home as (small) profitable power plant
#18In the UK at least batteries and an inverter are actually quicker to pay off using an economy 7 electricity tariff since power overnight is less than half the price of during the day and is typically from Wind power and imported Nuclear from France. That can pay off in less than 4 years and will last 10-15 with li-po.
If you don't have a roof to put solar on then there are some cooperative schemes where you can own part of a solar/wind installation and still save on your bill. A national one is https://rippleenergy.com/ but there may be more local schemes that you could help fund and get the payback from, residents are banding together to build solar farms all over the country.
The big energy companies have messed up this transition to green energy terribly and its considerably cheaper to make your own power than buy from them, which lets be honest it shouldn't be.
Re: Think of your home as (small) profitable power plant
#19These suburbia homes are still pretty bad deal for the public. Lots of infrastructure cost come with them like car infrastructure etc.
As a society, we've decided that we want lots of infrastructure including car infrastructure.
People didn’t like having 3 lane roads right in their path to walk to the grocery store.
The municipal solution was to ensure everyone needed to drive everywhere.
Re: Think of your home as (small) profitable power plant
#20One man’s experience in DC (where the SRECs are crazy valuable): Installed 10Mwh system in 2021 for ~$40k. After federal tax credits, SREC earnings, reductions in electric bills, and payments from electric co for over production, we have $7k left to recoup in only 3 years. And that ignores savings from the gas we’re not spending on charging the PHEV. I know it’s a luxury to have, but there’s also some pride value (cl…