My Solar Panels Paid for Themselves & I Want More!

My Solar Panels Paid for Themselves & I Want More!

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After a little over 8 years, my 1.2 kW solar system has just paid for itself! So much has changed in that period; my energy prices have doubled, I got married and had children, but they have been as steady and constant as ever! I break down what I’ve learned, and how they’re holding up!

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Matthew Notter says:

Think about it mathematically though, you could've doubled your money on that original investment by the time they paid themselves off. If it takes almost 10 years to pay itself off, unless energy starts to cost more, you are still going to be down that much money. It needs to be able to pay itself off in about 5 years or so or have no upfront costs to be worth it.

Russel Rowe says:

I purchased 10 panels last year to a total of 2.9 Kw with 5 of 600 watts micro inverters and planned to increase each year with my tax refund. As I live in Canada, I bought Canadian Solar as I would rather support a Canadian company over a company in China. Two weeks ago, I ordered 4 more panels and micro inverters. The company stated what I had was no longer available and they would ship a comparable panel from the same company. What arrived were panels that were not the same size (an inch smaller adds up when you stack them) as well as a different colour and different look. When I put one up, I realized how different they looked. It would be like painting your fence blue, then ordering more paint and getting orange. The supplier is trying to fix this, but if you put your new panels in a row besides your old ones, you might be aware they may look different and a patchwork of different panels might look tacky.

Don Eckert says:

I had a 13.1 kW system installed 3 years ago and I love it. I used to pay $200 a month on average to the electric company for electricity. We use a lot of electricity. Now I pay $200 a month to the solar panel company because I financed through them and I pay almost nothing to the electric company. So far this year I have used $9 worth of electricity total from the grid. in 10 years my solar panels will be paid off and nearly all of my energy will be free from that point on. I cannot recommend solar highly enough.

Arth Denton says:

According to my Tesla app, since my solar started producing back in August, 2018:
33020 kWh Home Usage
33002 kWh Solar Energy
This with a Tesla Mod 3 charging.

ArthursHD says:

Jerry Rig Everything got a DIY install inexpensively but did the same mistake as an installer at 9:24

jerry kurata says:

Your upgrade sounds great. And adding PW makes a lot of sense. Without them and the associate Tesla Energy Gateway the panels are useless without the grid even on a sunny day. We went with 2 PWs when we installed our SolarGlass roof and love them.

Jan Tschierschky says:

I live in Perth Australia, I had a 2kW installed in 2010, after 7 years efficiency dropped 30% and 2 panels connection melted. The company that installed it declared bankrupt in 2006. So had the whole system replaced at own cost. Luckily here is not that expensive to do so. My average production is 10kW a day. Because I receive AUD 0.46 feed in kW I got about $4000.00 cash back and no bill for that period. That will run out this year, so be interesting to see how that reflects on my future bills. My advice is to research the company that does the installation, quality of panels and inverter.

Zendefone1 says:

Your “solar system”, nice one 😆

michaelsvlog says:

Little bit of DIY and probably could build a 4kwh system for $2000

Joe Sidebottom says:

What is the rail you used called i used tens of thousands of feet of it back in 2010-13
But i cannot remember what it is called?
Btw ive been installing since 08 and 99% of the systems are still operational and we've never even had to service them.

Phil says:

Congrats on increasing your solar by 3.6 kw – but I'm puzzled as to why solar is MUCH more expensive in the US than it is in Australia. Here in Australia, we installed 6.6 Kw of solar and a 4.8 Kwh battery six months ago. The solar panels and inverter cost AUD $6.000 and the battery cost AUD $6,000 (USD $1.00 = approx AUD $0.65) – so the US prices are much more expensive. In Australia – despite our anti-renewables federal government strongly supporting coal/gas/fossil fuels – amazingly, and surprisingly, we have a federal govt rebate on solar panels. This rebate is reducing annually over about 11 years. Last year the rebate reduced our solar cost by approx AUD $3,000. Our 6.6 Kw of panels generate about 42 Kwh/day in Summer and around 21 Kwh in winter. Our home uses about 5.5 Kwh of electricity/24 hours (we have installed all LED lights etc), so this means we export a lot of green energy to the electricity grid (for which we are paid, but only a fraction of the cost the electricity retailers charge homes to be supplied with electricity). Our 6.6 Kw of solar will pay for itself a lot sooner than US solar systems will (but don;t let that deter anyone from installing solar). If you know the reason, please let me know why US solar is MUCH more expensive than Australian solar. Best wishes

Tozzasque says:

What kind of maintenance solar panels need? How does it cost?

Andy Robinson says:

Very good overview. I give solar talks for our Central IL solar group-buy program and do HVAC efficiency programming on campus buildings. In 2017 we put 10.8kW dc on our E/W roof with power optimizers and a 7.6 kW inverter. We made 8800 kWh/yr for the last two years which saved around $900. 14yr payback for mine, but we see 6-12 yrs typically with our cheap electricity but good state incentives to get to 25% Renewable by 2025. It’s amazing to think about 1-3% of land covered in solar would be 100% of our electricity (especially if that land is also planted with native pollinator support or agriculture). Bought a T3 last fall and love having both together. I highly recommend the Sense energy monitor. It’s even better than my tools at work.

southbendkid says:

I commissioned my $15K 10KW system last October, with net metering guaranteed for 10 years. After a gloomy MI winter it has finally produced more power than we've consumed. A year earlier, researching, I was impressed by Enphase. I bought their microinverters and 1000 shares of their stock for $1/share. At the time of commissioning Enphase profits had paid for my system. Now the profits could pay for a Tesla.

navin chouhan says:

in india we can buy 2 kw solar panel with inverter and battery in less than 1900 dollar

WeatherManToBe says:

20-50¢/kwh?!?!!?!!?!!!?!!?!!!!? No developed nation has prices this high!

sewing1 says:

Will there be an issue having a new company add PV panels to your existing system? Doesn’t your original installer control the data connection to Enphase?

Gowen Getter says:

1.2KW isn’t much, is it??

Twin Jalanugraha says:

It would have been helpful if your video only shows your home solar system, the video shows rooftops of many homes, even a solar farm.

Few would have minded watching you're talking to us on your camera.

Charles Choomngern says:

Went solar years ago and loving it. A couple things worth mentioning in California, since you got your panels in 2011, I’m thinking you’re on the NEM 1.0 program where you get a dollar for dollar credit, but if you upgrade now, you’re going to be moved over to the NEM 2.0, which cost a little more since you’ll have to pay NBC charges when you pull off the grid (that’s what SoCal Edison mention to me when I thought about adding more panels). Also with a new Powerwall, a pretty cool video would be the actual savings you’d get on a TOU electric plan vs Tiered rate plan. If you cycle thru your Powerwall 10kwh per day and the delta of the electric used to charge the battery vs discharging during peak rate is 20 cents, you’ll get $2 a day extra credit for that vs tiered rate where credit and usage is the same. Good stuff Ricky!

Wayne Williamson says:

great video…have solar/battery/ev…just love it. Would like to see how the micro inverters integrate with battery(powerwalls if possible). Mine use a 10kw inverter.

Andreas Shiakas says:

I still do not understand how you pay so much for a system as small as that. In Europe (20% VAT tax) you can get a 4kw system (15 panels + Inverter + installation) for around 5500euro (6000 usd)

Robert Maluka says:

Wow I can not believe it has been that many years gone by keep up all the good info thanks

Colin. 1 says:

If one is fortunate enough to have the cash to buy solar panels and a battery, it’s a no brainier not too, especially if your cost per kwh are high. The reason I say this is because the return on your investment is way better than any bank interest rates especially here in the U.K. were interest on savings is at best just 1%. I’ve worked out that on my investment I’m getting around 6%.+

Little Tim News says:

You should use Tesla solar

Wesley Woodard says:

Being that you work from home wouldn't it make sense to get a vehicle to grid charger and use the 70KWH in your model 3 to power your house?

Muppet Keeper says:

Solar panels will still be outputting over 60% of specifications after 40 years.

Frederick Walker says:

Great video! I think you may have mis-characterized the solar panel price drop. Your panels cost $10K (before rebates). You stated you could now buy three times as many for that same price. "By a third" (33% reduction = $3333 less) is not the same as "to a third" (67% reduction = $6667 less). I think you meant the latter.

gambitrocks says:

Cool video but why do you have B-roll shots of solar panel farms? You are talking about 5 panels but showing farms of panels.

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