Quote:
Originally Posted by Descant
Am I wrong? Currently, we pay to maintain the power grid, and the utility charges accordingly, billing for power used, delivery/grid and taxes and fees. At some point in time, the practice of buying solar back from individual residences will cease as the number of people paying full price drops below a certain level. Like Social Security, Medicare and other government programs, when there are more people taking benefits and too few paying the bill, the system will fail. Right now, the law requires the grid to buy your excess electricity like a government program. When that subsidy goes away, the ROI for solar will change dramatically, and may collapse. Ask your school board why all those flat roofs don't have solar panels. It's not economically feasible, and the voters don't want to pay huge upfront costs that have no conversion subsidy, right?
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You do know what Net Metering is, right?
You don’t get it all back. NH takes 25%. MA takes 20%.
There are also connect fees etc.
But you can “pay” for it with kwh at least you can in MA
So you size your system to over produce enough to cover it.
So electric company can produce less energy when needed.
So both parties win.
Now if everyone did that, it would not work. But currently it does.
And we have a long ways to go.
Things will adjust accordingly.
In some states don’t offer NetMetering.
Then you invest in battery. There is no need to with NetMetering.
By the time the ROI gets bad the the panels will be much cheaper, more power and cheaper batteries.
26% tax credit ends this year BTW.
I plan to install another Solar system in NH this year to get the tax credit.
And I’ll probably get premium dollars for my house in MA when I show the buyer my electric bill and EV charger. So it won’t matter that I ever reached my ROI date.