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Have You Ever Wondered? If, "SOLAR PHOTOVOLTAIC ELECRTICITY", is Economically Feasible Today?

With The Latest Technology,

YES IT IS!

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December 06 2008 - US

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Profile picture for ColoradoLender
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Since January 2009

Have you ever wondered what color smurfs would turn if you strangled them?

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December 06 2008
Profile picture for Colorado Mtg Broker
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ROFLMAO!!!

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December 06 2008
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I always hated those da** smurfs. I liked Gargamel's cat, Azrael.
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December 06 2008
Profile picture for julia111

I think they would turn purple. :)

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December 06 2008
The top executives of the largest photovoltaic companies say we are at least 5 years away from technology/pricing being able to compete with the grid in the US.  So, you're wrong. 
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March 26
Profile picture for Pat Bourgo
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Since June 2009

getting closer.

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March 27
Profile picture for julie78787
The cost to generate power for my system is about $0.23 / KWh.  Electricity from my utility is about $0.15 / KWh.  So, it's very close, and getting closer every year.

The real answer depends on your own electric consumption, willingness to conserve, and federal, state and utility rebates.  In favorable locations, solar power systems can repay themselves in 8 years or less.  In less favorable locations, it may be significantly longer.  But one thing is sure -- once you have solar power, the risk of skyrocketing utility rates is greatly reduced.
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May 24
Profile picture for CheckmanJeff
Julie,  Nice post, fact filled and accurate. I agree we are not quit there yet for most situations. Similar problems with wind power.  There are some new lighting advances using LED technology that will require much less electricity per lumen and can produce good amounts of light for most purposes. New inductive cook systems will use less electricity and heat faster ( less watts per BTU)  We are going to see some amazing change in the next 10 years...and we are going to wonder how we got along with out all of this "neat" stuff. 
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June 06
Profile picture for julie78787
As I wrote, we're not there yet without government or utility incentives in most of the U.S.  However, we most certainly ARE there in many parts of the U.S. with the available incentives.

Based on recent calculations I did (my company also designs solar systems, as well as performing energy audits to reduce waste), the current cost of solar power is about $0.17 / KWh, without rebates or tax credits.  That's a 26% drop in costs from 2 years ago.  Assuming a 30% federal tax credit, the cost falls to $0.12 / KWh.  That is close enough to the national average that solar is affordable for much of the country, with just the 30% federal tax credit.

I've not put together the marketing material yet, but in the very near future my company will be offering a service to real estate agents to evaluate properties quickly and cheaply for solar power potential.  We will be offering this service throughout the U.S. as most of the needed information for a preliminary evaluation ("yes" / "no" / "maybe" ) can be had on-line.
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June 08
 

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