Solar power is finally within reach, but not for long
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Only 1.9 million US homes are powered by their own solar panels. That’s because they’re expensive, right? A huge federal tax credit and lower material costs may finally make solar the right choice in 2019. Verge editor Sean Hollister explains why he took the plunge.
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*Correction: At 1:04 there is a typo. ‘Conneticut’ should be ‘Connecticut’. We apologize to all Connecticuters. Thank you Gabriel Sanchez for the catch.
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What else should the world do to make renewable energy spread further and faster?
Utah averages $26000 for 5kw of solar.… Still way overpriced! That price is from two separate quotes I got last year.… Doubt it changed much this year.
How much does it recoup that cost. This is one way of media bashing Solar Panel by using how long does it take to pay back, instead you could pay the government for rest of your life for cheap, how does that sound? Rest of your life is better than freedom.
I work for solar and I can tell you it is not good for the environment lol. Your solar panels will stop producing as effectively after 25 years making you need to buy new ones! Also none of the parts of the solar panel are recyclable!
Man that is expensive there. I installed a 6.4kw system here in Australia for $5100 AUD. Looking at doubling my capacity now as we run a home business.
Can’t recommend The Verge as a proper youtube channel when the people behind it are so petty
Good. The “incentives” are just stolen money anyway. If solar is a good idea, let it stand on it’s own ‑without subsidies.
First of all, I need my own home… 😉
At least one area of the sustainable future we are ahead on here in Australia. If only we can drop the coal fired power stations and start incentives for EVs.
@The Verge — I suggest adding the time value of money to your financial considerations. Muy importante.
For the cost: you should also estimate the repair cost, it may be more expensive than the power you use in few months if you face any bad weather than damages the panel…
I don’t get the title of the video. Why isn’t it in reach for long? Even with lower tax credits in the future, overall cost per kWh decreases over time. So long term it will become more affordable for even more people, not fewer people.
If it requires a tax credit to be cost effective, then it never was. Its called freeloading. Of course its wealthy people freeloading so we call it responsible investment.
go solar
Title is really misleading.
A 5K system is nothing…
Hey guys I’m a solar salesman who works with Sunrun and Vivint, if you are looking to go renewable but don’t have the money to invest in panels, look up a PPA! You can switch to solar power for $0. Simply buy purchasing the power itself from the panels instead of purchasing power from coal plants. And it’s cheaper so you save money immediately!
Solar and EV tax credits are welfare for rich people. Furthers wealth inequality in our country. You should feel ashamed.
2:50 …thanks for answering my questions on getting batteries. The technology/pricing is not there yet. I’m not rich. I guess I’ll have to depend on my fuel-run generator for a few more years. And I live in Venezuela, where electricity is basically free, but it goes out for hours every single day. Yay socialism!
Or you could give up on the modern religious tenets of “climate change” and look at the actual data which shows we are in CO2 deficit if anything. Then we could start pooling resources to actual environmental issues that are real.
You literally doubled your expenses before doing the 5.31 year calc.… not very honest “cause I bought an electric AC” … even a very powerful 15000 btu AC running 12 hours a day (for 3–5 months mind you) is a mere $1 per day at $0.10 / KwH.
So instead of a $30 increase you assumed a 2x of $150 wtf
200 a month on electricity ? oh boy.….are you using bulbs that meant for sports stadium?
STUDY. $||||||||$. Solar Power
How about a solar generator instead of the batteries? I could get a TITan with 1 or 2 batteries for cheaper than the Tesla and use that say for the ac or electric heater during the day and have that as a backup generator for thousands of dollars less than the Tesla.