Solar Panels for Home – 2 Years Later Review

Solar Panels for Home – 2 Years Later Review

Head to https://www.squarespace.com/mattferrell to save 10% off your first purchase of a website or domain using code MATTFERRELL. Exploring Solar Panels for Home – 2 Years Later Review. It’s been two years since I installed solar panels on my home in the Boston area. How’s it been going? Let’s take a look at how much it cost, how much it’s saved, how it’s been holding up and what type of maintenance it’s taken.

▻ Watch next: Exploring Tesla Powerwall and home batteries – worth it? https://youtu.be/Xdo_DIJJxWA

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Undecided with Matt Ferrell says:

Have solar? Share your experiences! And be sure to check out my video exploring Tesla Powerwall and home batteries: https://youtu.be/Xdo_DIJJxWA

Ryan S. says:

Looking at the price you paid. I'm looking at solar for my place here in NH using the latest Qcell 425W panels and the Enphase IQ7A micro-inverters. System cost is $35,000 for an 18KW system. Crazy how quickly those prices are dropping.

PATRICK MCKOWEN says:

Great info 👍

Jim Jim says:

I’m putting up my own system, that will be off grid. I eventually will have an electrician put in a transfer switch so I can use some of the outlets in the house, instead of just extension cords.
I’m starting with six battle born batteries, for 600 amp hours at 12 V wired to 24 V. Two Victron charge controllers, one 24V 3000/70 Victron inverter. Solar panels will be around 2400 Watts to start.
From there I will analyze my first winter and add accordingly. I live in the Pacific Northwest, but I don’t use a lot of energy. One of the first things you should do is put in all LED lighting, get rid of any power consumption you’re not really using or needing. I got rid of an extra refrigerator and freezer that I wasn’t using it enough to justify.
I also use some separate solar generators – like a Jackery 500 to run my washing machine. At least until I can get a transfer switch put in.
The dryer and oven I believe run off 240 V, so I’ll keep running that off the grid.
The reason I’m doing it is because I’ve always had a fascination with electricity in Nikola Tesla! Plus I’m retired and it keeps me busy. This gives me peace of mind if the grid goes down.

Jason Henley says:

I've had solar for 10 years. In 2010 prices were higher, so I went with a leasing option and calculated that my solar cost is roughly equal to my non-solar cost, for my area. Even back then it made sense, because for basically no change in my budget I'm using green energy. I've had no maintenance — since it's a lease, if anything breaks they fix it for free. I don't bother wiping snow off of them because they already cover more than 100% of my electrical usage as it is.

Dennis S says:

rather than solar panels on a random number of homes in a neighborhood, how about a small solar farm occupying a few undesirable lots, it seems this would be far more cost-effective than individual home units, and the solar panels could be set to the ideal angle to collect more sun, something few home installations can achieve.

Julian Atlas says:

That's a pretty long payback period. I guess most people won't be convinced if you get your money back in more than 5 years

Shanae says:

I'm digging this but to think you are "saving the earth" think again. Think of all the mining done to make those solar panels and inverters and ,sometimes, batteries packs to store it all. Then when those panels die they are hazardous waste. If you are doing this to be self sufficient that's cool but to think you are saving the planet is just being ignorant.

Akshay Yadav says:

i have 20 kw solar system in india . its payback period is 2.5 years

Canadian Man says:

Just subscribed,
I installed 7.5 Kws of panels 10 years ago. I sell ALL my power for 83 cents/Kw which generates around $7000/ year of income.
The system cost me $55K but over a 20 year contract, I get back $140K in income. I write off the panels and inverter under capital depreciation. Overall, I am very happy with the investment. My ROI is excellent, one meter for usage, another meter for production going out.

Alexander Rim says:

Gimmeee gimmmeeeeee I want solarrrr

DavenH says:

Solar net metering is also kind of regressive as it is subsidized by the poor and only an option for the well-to-do. You get the residential rate given back to you, rather than the rate for power generation. This means other rate-payers are subsidizing the difference (often $0.09/kwh or more), which pays for transmission and distribution: power lines and transformers and other equipment. This is another important point in favour of adding batteries if you want to be socially as well as environmentally conscious.

Louis Schnetler says:

We installed a 4.9kwh system with a 10 kwh battery backup and it has been working perfect for about 8 months now.

I live in South Africa so we have quite a lot of sun and the system really produces more than we need. Unfortunately our municipality doesn't provide any intensives and they have been charging me more since I got the system, even if I showed them my estimate costs from what the system shows on the calculation.

All in all the Solar is worth it if you factor in the reduction of blackouts (In SA they are called loadshedding) and the fact that everything you use inside the house are as green as you can get. Our house alone have a 4 Ton CO₂ Reduction as provided by the stats of my system. So it's definitely worth the investment into a greener and self-efficient home

DavenH says:

Adding solar isn't reducing your dependence on the grid, in fact it's amplifying it because you need it for net metering to pay off your solar. You need batteries and generators and lots and lots of panels to remove dependence on the grid.

GarretD says:

Just installed a 10k system back in June here in Virginia Beach, VA, installed $2.38/watt, no 1.49 Tesla solar, I tried multiple times, even called Carolina installers, a no go. Tesla did partner with my installer for a single powerwall, installed it was $12.5k. Overall been happy, installer has 10yr workmanship warranty and typical hardware as well. Uninstall and reinstall for new roof is $995.00. Offset 81% of need since turning on, fall thru summer next year will bank remainder to offset 100%

hamobu says:

Financially you are getting really good return on your investment

DavenH says:

I noticed you didn't mention the $0.20 / W Chinese price level… isn't this a big deal?

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