GXMnow
Solar Wizard
- Joined
- Jul 17, 2020
- Messages
- 3,391
Same thought here. $3 to 4$ per watt for an installed system with all the fees is the typical range. My system is about half the size and I paid about half as much, so same cost per watt. I was $17K out of pocket and got just over $5K on my tax refund with the 30% credit. Enphase is usually a bit more than a typical String system. But then Solar-Edge with the optimizers is not far below Enphase.
Unless the electric rates go up a lot though, it won't pay off in 8 years. My summer bills were $300 to $500 and I still figured a 10 year pay off. And the change from tiered to "Time of Use" made the pay off even longer for a straight grid tied system. With most new "Net Metering" installs, they are going to Time of Use so you really need a battery to make it pay off. I time shift at least 10 KWHs a day now to use the cheap solar power in the expensive evening time slot. I would not recommend a grid tie only any more. You need to go hybrid and use your solar instead of selling the extra to the grid.
Unless the electric rates go up a lot though, it won't pay off in 8 years. My summer bills were $300 to $500 and I still figured a 10 year pay off. And the change from tiered to "Time of Use" made the pay off even longer for a straight grid tied system. With most new "Net Metering" installs, they are going to Time of Use so you really need a battery to make it pay off. I time shift at least 10 KWHs a day now to use the cheap solar power in the expensive evening time slot. I would not recommend a grid tie only any more. You need to go hybrid and use your solar instead of selling the extra to the grid.