True Cost of Solar Panels | DON'T WASTE YOUR MONEY

Тәжірибелік нұсқаулар және стиль

The rising cost of utilities may have you considering whether it's time to go solar -- but are solar panels right for your home? Consumer reporter John Matarese fills us in on the questions you need to ask before going solar so you don't waste your money.

Пікірлер: 111

  • @1drhnsd1
    @1drhnsd12 ай бұрын

    I’m in San Diego, and when I looked into solar, I couldn’t find any solar company that didn’t have a lot of negative comments online - mostly for poor warranty service - but also companies that want to own the panels they put on my roof. I was ready to buy had I been able to find a company that sells the solar system 109% to the customer - and had good customer feedback after the sale. Couldn’t find even one.

  • @curtswartz1897
    @curtswartz1897Ай бұрын

    Solar is like anything else, if you educate yourself, you don't get scammed. When 8KW system is installed on my brand new roof, it will take 7 years at today's prices to pay off. Notice I said, TODAYS PRICES. We got a notice that electric is going up 10% by fall. The 7 years just went down a few months.

  • @scottgarriott3884

    @scottgarriott3884

    Ай бұрын

    EXACTLY

  • @Silidons91

    @Silidons91

    6 күн бұрын

    So you're paying interest to front load your electric bill 7 years? Also, you must use a shitload of electricity, for me at a 6KW it would take 15 years to break even here in SoCal. That's just breaking even. You think your panels are going to be as efficient as the panels in 7 years? You're going to want to upgrade because they won't be as efficient.

  • @curtswartz1897

    @curtswartz1897

    6 күн бұрын

    @@Silidons91 I'd have to see the math on a 15 year payback, you would have to paying a huge amount for the labor. Solar Panels loose around 1% efficiency per year and most have a performance warranty of 80% at 20 or 30 years Local electricity prices just went up 10% in my area so my payback time dropped again.

  • @Nottoday3033
    @Nottoday30332 ай бұрын

    Pay $200 to the solar panel company. To not pay $160 electric bill. Makes sense……….

  • @AAb-xy6et

    @AAb-xy6et

    2 ай бұрын

    Especially the 2nd year.

  • @119Agent

    @119Agent

    Ай бұрын

    Who does that? I have never seen an upside down bill.

  • @DxModel219

    @DxModel219

    28 күн бұрын

    I got a quote for $100K for solar panels and that’s not including replacing the roof because I have clay tiles.

  • @AAb-xy6et

    @AAb-xy6et

    27 күн бұрын

    @@DxModel219 A solar panel costs 50 bucks, how in the world did anyone came up with a 100K!?

  • @DxModel219

    @DxModel219

    27 күн бұрын

    @@AAb-xy6et man i have no idea LOL

  • @Edekje
    @Edekje8 ай бұрын

    The lesson here is don't be a moron, don't get scammed, solar panels actually do in fact need to point towards the sun at least part of the time to work.... If you remember that fact, you're all set to make a good investment with PV on your roof.

  • @scottjenks7253
    @scottjenks72536 ай бұрын

    No one is talking about the additional cost to remove and replace the panels when the roof needs to be replaced do to age. 90% of people ditch the panels when the realize that they have to find a third party company (which don't exist ) to remove and replace the panels. The roofers won't touch them and the solar panel companies will only install new systems. That is the cold hard solar truth that no one want to talk about. Sorry.

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    Thats why you install solar panel on your roof if its in good condition or have the roof redone before installing them so you only do replace the solar panels and roof about every 40 years as panel are nowadays 85% efficient after 30 years... so maybe they will be at 75-80% after 40 years. You can also have them on a ground mount if the roof situation is not ideal, that way maintenance is way easier as well.

  • @AAb-xy6et

    @AAb-xy6et

    2 ай бұрын

    So in a 100 years, how many times have you replaced your roof?

  • @yolandejoazard6655

    @yolandejoazard6655

    24 күн бұрын

    Because the government doesn’t care for the home owners

  • @hasbulla619

    @hasbulla619

    19 күн бұрын

    The panels should be insured. It’s always the company, make sure you’re working with a good company. We had a great experience and don’t have to pay for replacements.

  • @TomokoAbe_

    @TomokoAbe_

    7 күн бұрын

    @@jesuspunk84 BUT if you lose your homeowner's insurance (and they can suddenly pull out of the state) they will want your home to be a NEW ROOF as in less than 5 years old.

  • @J1Power4928
    @J1Power49287 ай бұрын

    So how much is the cost of staying utility company

  • @docbrown6550
    @docbrown655011 ай бұрын

    One of the companies I priced for Solar panels was $65,000 for my home, It would take me 36 years to pay for that at the cost of what I pay for my light bill now.

  • @RaahulKushwaha

    @RaahulKushwaha

    9 ай бұрын

    it should be 6500usd only.

  • @docbrown6550

    @docbrown6550

    9 ай бұрын

    @@RaahulKushwaha I have the price quote on paper, $65,000.

  • @RaahulKushwaha

    @RaahulKushwaha

    9 ай бұрын

    @@docbrown6550 ooo

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    @@docbrown6550 Do you have 2 electric car, heated pool, a Mc mansion, 10kiloton AC unit and some asics in the garage? feel pretty excessive unless you really throw away electricity out the window...

  • @docbrown6550

    @docbrown6550

    4 ай бұрын

    @@jesuspunk84 That's exactly why I never bought the system, I'll pay my cheap light bill and be happy.

  • @codecircle423
    @codecircle4237 ай бұрын

    This isn't solar power's fault. Several thousands of people enjoy using it as their entire sole power source. However, when people do the financing plans, it often turns into trouble. Many installation companies have a hard time with good plans, and they push hard to get people to install them. If you're going to buy solar, pay for it all at once. Paying interest will kill you. Also make sure its contracted for repairs incase something fails and goes wrong.

  • @hloyd3774

    @hloyd3774

    5 ай бұрын

    Are you serious

  • @PiercesPerfectPieces
    @PiercesPerfectPiecesАй бұрын

    They can start by reducing THEIR "carbon footprint 👣" first!! (If you know you know) 🤨

  • @Lucky-sg4wc
    @Lucky-sg4wc4 ай бұрын

    Here's how it works, folks. You pay for a system that is connected to the grid. Then, during higher producing months the excess energy is put into the grid and sold to other customers. The electric company then issues you credits for the lower producing months, but only enough to barely cover your winter energy costs. All of that excess energy goes into the pockets of the energy company. You just financed their operation! On top of that if the power goes out you get to rely on batteries for power. It doesn't matter if the sun is shining since your system isn't likely standalone. They have total control and are making gains off of your investment! Long term power loss and you are in the same boat as your neighbors once those batteries are dead.

  • @TomokoAbe_

    @TomokoAbe_

    7 күн бұрын

    Those batteries do not last long. Maybe 6 years if you are lucky. Imagine the cost of replacing them.

  • @alexandermcafee8760
    @alexandermcafee8760Күн бұрын

    We just went solar, no up front cost, the company will work with insurance and cover the deductible (we have a high deductible) if we need a new roof, warrantied for 25 years and if we ever need a new roof during that time they come out and remove the panels at no cost and put them back on. we have a heat pump so in the winter and peak summer we will save about $100 a month on the bill

  • @curtis906
    @curtis9062 ай бұрын

    Here is the problem, that guy didn't have to pay someone to get on his roof. Next the system in put in a spot that gets more sunlight then her house. Next, look at where she lives. City vs rural area. Someone who lives on outside the city is going to pay way less. Did i add in the fact nobody had to get on a roof?

  • @lolitajones859
    @lolitajones8596 ай бұрын

    The thing that gets under my skin is that some people encourage me to get solar panels installed but when I ask those people (including my own sister) how much their electricity actually costs them per month, they are rather invasive. They will tell me that they receive a very low electric bill for example like $8, $12, $15 (whatever), but what they won't tell me is how much they pay to rent the panels. However, that is very important. For instance, if your bill is $8.00 but you are renting the panels for $250 per month - in actuality you are paying $258 a month for electricity - not $8!!! I get the impression that they won't disclose that rental amount because they feel foolish or ripped off but don't want to admit it. Reply

  • @joealeman1204

    @joealeman1204

    6 ай бұрын

    It would take about 10 years to offset those costs.

  • @hloyd3774

    @hloyd3774

    5 ай бұрын

    You are right. These big wheels are not going to let no one save money. It's a rip off. And this should have done the math

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    Never rent. They are mostly scamming people with predatory contract and make it WAY harder to sell your house as they have a lean on it if you lease. Always pay upfront and then its pretty much just down to get the job done by a reputable company. Dont get suck into microinverter also... its garbage.

  • @mttaschek

    @mttaschek

    3 ай бұрын

    My neighbor has a 18kw system, and yes his electric bill averages 8-10.00 per month.. SO he bought them, and explains it like this. Lets say he paid 30K for the install, those soar panels are saving you 250 or more a month on your electric bill, but if that 30k was sitting in the bank its earning what .05% or less if its just sitting in the bank. SO for my neighbor he looks at as he is making 250 or more per month.

  • @hloyd3774

    @hloyd3774

    3 ай бұрын

    @@mttaschek Did your neighbor get pass 1st grade? He's not making anything. First of all, he has to make his $30,000 back. Then he might see a profit. But the battery and maintenance will cause him a bunch of money before he gets his $30,000 back. He got scammed and doesn't want to admit it

  • @davidk3729
    @davidk372911 ай бұрын

    I’m in north west England at 53degrees north. Prevailing winds are south westerly bringing clouds and rain for weeks at a time. Three bedroom semi detached house with hipped roof. Rear faces east, side faces south, front faces west. Solar panels with batteries quoted at £20,000. Even with energy costs rising, that’s about nine years worth of electricity. By which time the panels and batteries would have lost half their efficiency, we’d still have to top up from the grid, neighbours have pigeons nesting under theirs and future purchasers may be refused a mortgage.

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    Solar panel are 85% efficient after 30years nowadays... battery will be at stil 70-80% after 10years of daily cycling through it????? Where did you get your numbers? the 90s????

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    Also never lease solar, always buy upfront...

  • @davidk3729

    @davidk3729

    4 ай бұрын

    @@jesuspunk84 Same place as you got your figures.

  • @Edoe1
    @Edoe1Ай бұрын

    So a scam artist sold someone a solar rooftop in a region that underperforms and provided a payment plan with the promise of a return. Regulation needed?

  • @jeffthejinjer
    @jeffthejinjer7 ай бұрын

    We were quoted $72,000 years ago for panels (2010 i believe) I know prices have come down, but even at $20,000 you have to factor in the fact that the panels are only good for 15 years, then they need replaced for another 20,000. You willl always have a payment its like owning a car..😢

  • @JonathanRootD

    @JonathanRootD

    7 ай бұрын

    I'm looking at panels that have a 25 year warranty.

  • @8Jallin

    @8Jallin

    6 ай бұрын

    @@JonathanRootDsunroom uh?

  • @MoosesValley

    @MoosesValley

    5 ай бұрын

    My solar panels have a 30 year warranty. My system cost $10,500 AUD after incentives and I get free electricity plus about $110 AUD per month tax free from electricity I export to the grid. My system will pay for itself in 4 years. Now looking to add batteries to capture more solar during day, run house at night, and export more to the grid. Am located in northern Australia. There are lots of scams and scammers out there. Use a reputable, quality installer, and always do your research first. Be extra wary of super cheap deals advertised on TV, internet, social media, etc.

  • @jeffthejinjer

    @jeffthejinjer

    5 ай бұрын

    ​@MoosesValley that's sounds decent, we are not allowed to sell back to the grid here in New England.

  • @jesuspunk84

    @jesuspunk84

    4 ай бұрын

    85% efficiency after 30 years is what most solar panels manufacturer garantee now. The 15 years solar life is probably a quote from the coal industry.

  • @anthonyesparsen7776
    @anthonyesparsen77764 ай бұрын

    No way in my area its much higher than this at base price

  • @JimmyStark77
    @JimmyStark7723 күн бұрын

    🌞 Every home is perfect for solar! Harness the power of the sun and reduce your carbon footprint. All you need to get started is to know how many kWh you use daily. With this info, you can build the right system to meet your energy needs, save on bills, and contribute to a greener planet. 🌍☀

  • @jessiedamon676
    @jessiedamon6769 күн бұрын

    you saw how many panels the guy had

  • @everyone_knows_itsbutterst7808
    @everyone_knows_itsbutterst78087 ай бұрын

    Solar is not for everyone I called told them I did not want them installed on my roof but on the ground.

  • @SolarInstaller7
    @SolarInstaller77 ай бұрын

    two questions. Do you own your home? Do you have an electric bill? Bingo!

  • @MoosesValley

    @MoosesValley

    5 ай бұрын

    Even renters or those living in condos (apartments) have options: 1. Battery: to charge during off-peak and run house (or specific appliances) during peak times, or export to grid during peak times. Only makes sense if the price of your electricity has peak / off peak charges , or you have solar panels to charge the battery during day. Can combine with Balcony Solar below. 2. Balcony solar: velcro strap solar panels to balcony rails, garden shed, or anywhere else that may be suitable, and plug inverter into power point. Can combine with Battery above. The above might not offset / cover all of electricity usage, but it can help reduce your bills. Always do your research first. And of course, always seek approval from landlord, electricity provider, electrician, etc.

  • @maketaco6683
    @maketaco66834 күн бұрын

    that lady paid $20,000 fo r so few panels?? criminal

  • @maketaco6683
    @maketaco66834 күн бұрын

    why not just install yourself??

  • @pokejuice1495
    @pokejuice14952 ай бұрын

    I hear more horror stories than people saying it is worth it.

  • @h.e.r.o.creativeartsscienc5043
    @h.e.r.o.creativeartsscienc504311 ай бұрын

    Why do you title your report in a way that is not the truth of the report itself. Solar is great for some homes, & that truth you state yourself in your report is not in the title of your report. A sensationalized title that is not reflective of the truth in your own report? Very irresponsible reporting……

  • @119Agent
    @119AgentАй бұрын

    This is more about a lady who got scammed than the true cost of solar panels. This says nothing about that.

  • @yammy071
    @yammy0713 ай бұрын

    Don't waste your money

  • @veeveejj
    @veeveejjАй бұрын

    The biggest scam of this century is the solar power system. An average solar system costs at least $30,000 and claims to produce a zero-dollar electricity bill, but in reality, this never happens. In my experience, I installed a solar system capable of producing 30 kWh, but there was no change in my electricity bill. I disconnected my solar system for 10 months, and there was still no change in the bill. When I reconnected it, nothing changed. Does this mean the system is faulty? If it only happened to me, it might be an isolated issue, but the same thing happened to two of my friends. They installed a $90,000 system and are still paying the same amount on their electricity bills. The apps provided by solar companies are just animations. These apps should be audited because the data they show about production is not accurate. What is happening? I have no idea. Electricity production used to be the responsibility of electricity companies, but now consumers are producing it and not benefiting from it. In reality, it doubles the cost: you have the electricity bill from the company and the solar loan payment. Who cares about this? Solar companies are robbing money with the help of government agencies. The average life of a solar system is 20 years. Even if the system works, it's not beneficial because the money spent on the loan and interest could cover 20 years of electricity bills, including inflation. If your solar system fails after 10 years, consumers have to pay out of pocket to fix it. Solar is a total scam. Please don't fall victim to this.

  • @NickTheHotDogMan

    @NickTheHotDogMan

    Ай бұрын

    I have a solar system, got a huge tax credit, pay $10 per month electric (transmission cost), and produce SREC credits. You know nothing.

  • @veeveejj

    @veeveejj

    Ай бұрын

    @@NickTheHotDogMan You are saying that what my friends and I are experiencing is not reality! You must be part of the problem, which is why you are supporting it. No one would ever recommend installing a solar system with financing. Lease numbers are low right now, but if you plan to sell your house, you have to pay off the entire panel cost. This means the lease ends when you sell the house, and all credits go to the leasing company-what a joke! This solar system was installed by Tesla. When I contacted them, they said it's not their problem unless it's mentioned in the contract! We installed a system capable of producing 30 kWh, and if it's not producing that amount, whose problem is it?

  • @alexandermcafee8760

    @alexandermcafee8760

    Күн бұрын

    @@veeveejj if you need to sell your home the buyer takes over the payment. someone looking at your home would understand that and not buy your home if they didnt want solar. sure, it will deter people but for some it could be a good selling point.

  • @BritishAnts
    @BritishAnts3 ай бұрын

    This was weird tv, no detail from anyone featured just statements and edited sound bites! What a dodgy news outlet! 😂

  • @scottgarriott3884
    @scottgarriott3884Ай бұрын

    So really the video should have been titled, "Potential pitfalls of Solar - be informed before you buy". Why admit that solar can be an outstanding investment, that it's inflation-proof and that many thousands of people are saving huge sums, but title your video, "True cost of Solar / Don't waste your money." Disingenuous click-bait. This is why the internet sucks.

  • @shaneyouhouse
    @shaneyouhouse10 ай бұрын

    This is such a BS story.

  • @ashman2023
    @ashman20237 күн бұрын

    Clickbait AF lol

  • @terrywrigley9751
    @terrywrigley975110 ай бұрын

    Bet he’s paid well!

  • @Mobev1
    @Mobev14 ай бұрын

    I saved more money by waffling my roof.

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