Friday, April 1, 2011: Updated 1/31/2016
You Can't Afford to NOT Have Solar Panels
In less than 3 years, the cost of solar panels have fallen by more than 250%. A 5kW PV solar system will cost you $3600 after government tax credits. Even in the state of Utah, land of cheap electricity, the ROI is under 4 years. If you are eligible for the Rocky-mountain rebate, ROI drops to under 18 months.
Installation costs are now the high
tent pole in the equation. If you are handy enough to re-shingle a
roof and install your own circuit breaker, then get a building permit
and do it yourself.
Other Thoughts 1/31/2016:
If you are building a house from scratch, keep in mind that every angle change, (where the foundation deviates from a rectangular shape), will increase the cost of your home buy $10,000. If you can't afford solar panels but have a foundation bump-out (two angle changes) in the house design, consider skipping it. That will reduce the total cost of that home by $20,000, sufficient to cover the cost of a large solar array on your home.