Hi Bob
>>>>>It's about time we got some competition in the solar cell market! Panels have been prohibitively expensive in terms of cost per watt and I'm told they've recently gone up about 50%.
I just can't make myself fork over about $8 per watt when grid power cost me 6 3/4 cents per kilowatt hour. At 46 years of age, I probably wouldn't be around long enough to get my money back on the panels.<<<<
My take on the economics of solar is this.
1)For my own use (off the grid) where it would have cost $1500 or more to hook up the grid I hooked up a tiny dolar system that cost me $2,000 and provides 100% of my electrical usage.
2) I figured out that the cost of just the batteries (suposedly the only part that wears out)is greater than just buying the electricity.
3)I have a feeling that just the cost of the frame and the glass to make a panel (forget the actual cells, the inverter, metering, disconects, etc)is probably more than the cost of buying the electricity.
Here's why:
Each watt of solar produces on average (where I live)three watts / day or 1000watts / year. So each watt = 1kwh / year
If electricity is $.15 /kwh then if the system costs $1.50 / watt you are getting a 10% return on investment
If the system cost $3.00 / watt you would get a 5% return on investment
Now electric costs may rise in the future but....
Systems now cost $10.00 / watt installed (someone has to pay the subsidy) or 1.5% return on investment. True it is tax free and it does certainly make sence to do energy conserving investments when interest rates are low, but any investment would be better spent on conservation. But solar is sexier to some people and they can point to it on their roof and feel smug while insulation and caulking they can not see.
Even if the solar panels were free the instalation costs and balance of system equipment would still be $5.00 / watt installed.
Toofuzzy