It's very real. I was recently quoted 30k-43k for 7kw of panels, 13.5kwh of battery, along with reworking some electrical panels. The one coming in at the top of the range were baking in a ton of profit and willing to negotiate down once shown the other quotes. In the end i completely passed, it just doesn't make sense to pay 30k to avoid 3k a year in electric bills.
Where do you get batteries that cheap? I’ve been following the market here in the Netherlands and it is about €1000/kWh, going down a bit for batteries approaching 10kWh. Although, I haven’t checked for the last 6 months.
with how pricing works here battery is basicaly a necessity. They will pay 3-8c /kwh during the day for extra production, and charge 50-65c/kwh when you don't have enough production. Well, maybe necessity is a bit strong. That's only a $5-$8/day swing on a 13kwh battery. But it adds up.
I paid $50k for 24kWh nameplate capacity with no battery, fully installed and integrated, a year ago at 2% interest (the only reason it made sense to even do the deal). My electric bill went from an average of $350/mo to $16/mo (the minimum to stay connected), while the loan payment is ~$300. My cost for the materials alone would have been ~$30-35k (I needed higher power individual panels to get the capacity I needed, and went with a micro inverter setup for higher reliability). Equipment rental would have been another $3k because I had to dig a trench out to my detached garage to fit the entire system, and I don't own a 30 ft ladder to reach my roof. Electrical work has to be signed off on by a licensed electrician. Engineering schematics of the electrical system have to be created. Permits with the city have to be filed. Another $1-2k. For another $10k: I got to keep the week of vacation I would have needed to burn, someone else is responsible for fixing defects in the system, and I didn't have to spend the mental bandwidth on all the ins and outs of the whole shebang. The installers finished the system in a day, and had it turned on generating power after all the bureaucracy hurdles were cleared a few weeks in.
When I can afford it, the next project is add enough battery capacity to effectively go off grid.
I'm in the Seattle metro area and 25K to 40K is very common. They tell you all kinds of subsidies and payback periods but the out of pocket or loan is always in that range. And payback periods are terrible here given the weather.
That's obscene. Less than 10k of materials (and they can probably source it cheaper than a regular joe like me), 5k labour. 35k profit is a bit much....
Exactly, it makes no financial sense, you'd never get payback on it at that price. The company offering it had payment plans and all, with 0% interest, to make it more attractive, but that's just part of the grift.
I don't think I really believe your quote of 40k. Does that even break even on energy bill savings?