Solar grid tie installations expected to fall due to shrinking Fed Tax Credti next year/ 2020?
rollandelliott
Solar Expert Posts: 834 ✭✭
so panel prices are at historic lowes and the 30% tax credit only lasts until the end of this year. in 2020 it will go down to about 25%.
Are solar installers getting a tidal wave of interest now that only 5 months are left before the tax credit is reduced?
Or is this year, just business as usual.
I remember several years ago Evergreen's bankrupcency sale of 75 cent solar panels and there was so much hoopla over it on this board. Now one can get solar panels for half that price and no one seems to think it's much of a deal.
Inverters now cost less as well.
Sure racking and other BOM stuff to round out an install still costs about the same, but overall I think now is historically the best time to get a solar system. I find it hard to believe thigns can get much cheaper. Of course people were saying that when panels were $1.50 a watt too, lol.
Are solar installers getting a tidal wave of interest now that only 5 months are left before the tax credit is reduced?
Or is this year, just business as usual.
I remember several years ago Evergreen's bankrupcency sale of 75 cent solar panels and there was so much hoopla over it on this board. Now one can get solar panels for half that price and no one seems to think it's much of a deal.
Inverters now cost less as well.
Sure racking and other BOM stuff to round out an install still costs about the same, but overall I think now is historically the best time to get a solar system. I find it hard to believe thigns can get much cheaper. Of course people were saying that when panels were $1.50 a watt too, lol.
Comments
article above states companies are gobbling up solar panels just to get that 30% incentive. 4% is the profit margin on these solar installs. wow, talk about slim margins!
And it is more about the state public utility commision rules (and having a location with good sun/no shade) than the system costs/installation issues these days.
Back when it cost $10 per Watt for installation 15 years ago, a large state and federal subsidy was nice... Add that the utilty had to pay retail price for the excess power generated--What was not to like.
Now, the panels themselves cost $0.50 per Watt, the racking $1 per Watt, and the inverters are still $0.50 per Watt or less... Just labor and building permit fees (which is not getting any cheaper). Last quotes I saw a few years ago was around $5 per Watt installed.
And we have a race between states/federal/regulatory agencies removing the GT Subsidies (paid by taxpayers and non-GT solar utility customers), and a race to dismantle centralized power generation (fossil, nuclear, and large hydro/dams) and even a new movement to outlaw natural gas in new construction (Berkeley California--Going back to all electric homes/apartments/businesses--Except those folks that can buy indulgences for NG connections from the very government that outlawed the connections in the first place "for the environment")--GT solar has little overall market penetration for real energy generation and nothing yet to make a 24x7 stable grid--Not sure what to talk about. GT Solar works, can save money, still need good sunny location for solar panels, and a reliable grid with legal utility connection/rate plan.
Our utility PG&E (basically northern California is going through chapter 11 bankruptcy over the California Wildfires) is now warning folks that they will lose power for hours to days during windy summer weather... (much of the fire hazard is due to poor wildlands fuel management and building homes in forests and brush lands without managing fuel loading. Add a utility that probably had less than stellar equipment/system maintenance and had been forced into near bankruptcy a generation ago by the heavily regulated "deregulation" of utilities that gave us Enron and all the rest. Toss in a gas pipeline explosion a few years ago from an old/improperly constructed pipe...
For us, better start looking at whole house gensets if you want to have stable electric power. (God knows where we will get the fuel for our gensets in another generation in California).
-Bill "I give up" B...
Now, the panels themselves cost $0.50 per Watt, the racking $1 per Watt, and the inverters are still $0.50 per Watt or less...
Quotes I got this week for unirac is more like 25 cents a watt and 5000w GT inverters are more like 25 cents a watt so about $1/watt in materials currently for roof mounted CGT. micro inverters might cost more, I prefer central inverters myself.
Tony