Wednesday, January 08, 2014

Is Solar Worth It? The Not So Conclusive 2 Year Report

So, I’m about 2 years in with my solar panels and the burning question is: Was it worth it?

The answer: It depends on how you look at it.image

I sent the raw data to my friend, Pesy Hollander, who did the analysis for me.

From a pure FINANCIAL perspective, it seems like I am slightly behind (by about $100). Pesy had discovered a $210 delta, but I did get a check from Solar City last year to make up for underperformance (and, for all I know, I’ll get one this year, so perhaps I should wait, but well, I’m here now).

Also, a part of that is because the panels had a small technical issue upfront and it could be a function of the number of sunny days and/or an increase in consumption.

From a GREEN perspective, I am ahead. Way ahead. It’s a great feeling on a sunny day to know that I am doing a small, bit part for the environment. I am willing to pay $25 a year for that feeling. Plus, the offset of mature trees in CO2 helps. clip_image002

From a TECHNOLOGY perspective, I am also ahead. I like having them on the roof, seeing the inverter, monitoring the output via the wi-fi/mobile apps and marveling at how it all comes together. I’ll also paid $25/year for that experience (heck, I do that all the time).

I’m ok with this, for now. I suspect I’m willing to pay the $25/year “green” tax well into the future (if I have to.). Think about it…Prius owners do it anyway, right?

As for the tech tax, I would hope that goes away.

I invested with the Long Game in mind, so I’m fine where we are.

If you are interested, you should use my referral code (and get a saving yourself). That would help my costs as well Winking smile

Let me know via the comments if you have any quetsions.

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