monarch said:
Thanks so far; keep talking.
We looked very hard at it when we built in 2012-2013. Even with the Federal subsidy at the time (30% tax credit), it did not make economic sense. I believe that subsidy has gone/is going away.
Our electric provider would only "buy back" at fuel cost, so we would not be getting much for what we might feed back to the grid (fuel charge is about 1/3 of the $/kWh you pay). So the only real economic benefit was offset usage. Even with natural gas prices very high at the time, the payback was long.
If I remember correctly, the payback was about 18-20 years. The warranty on the panels was only 15 years.
I understand the warranties are longer now, and the units are cheaper. But at the same time, electricity and natural gas is cheaper too (and nat gas prices will be low for a long time). I haven't redone the math, but I would expect the payback to still be longer than the warranty, especially if the federal subsidy is gone.
I have a friend that has had them for about 15-20 years now. He got in at a time when the electric provider paid 100% offset, and there was both a Federal and local subsidy. He may have only paid 1/3-1/4 of the actual installation cost, so it has made economic sense for him.
BTW, without a subsidy of some kind, I don't see how they will be economic at all. Which, of course, means that we probably shouldn't be doing it. Just my 02.