I've spent about a 100 hours researching solar so you don't have to or that's the cheesy intro thing right and I'm going to just basically dump all the critical information that I've learned about going solar here right I mean like what's the really the return here what's a good price per watt looking at residential looking at commercial systems when does it kind of make sense when does it not make sense what about like earning money with your solar right PPA power purchase agreements do you know about se's where you can literally earn like an extra ,000 a year and that's based on current value it's been more in previous years as a solar power producer uh and of course there's what if I powered my Bitcoin mining rigs with solar if I pay off my solar panels and I pay off my mining rig is just a real life money cheat code hey I'm BOS you're on the bosin YouTube channel where I try to learn more and earn more every day I am personally going solar uh but how I'm doing it why I'm doing and the way I'm going about it to be honest I think will surprise you and I I think if you've contemplated solar at all or even not this video is going to change your mind how you look at this us residential solar down 20% in 2024 but get this every installer I talk to is busy okay seriously every good installer is busy I've talked to 10 they're all busy they're all booked out the nearest one 2 months the average one 3 to four some of them well into next year but let's take a step back right which solar panels are the best a lot of people get wrapped up in this uh I was confused about it uh but basically they there's a list they consider tier one manufacturers and what I've noticed from all of the installers in my area right so I'm in Virginia uh but it's going to be you know some of these are nationwide installers that I've spoken with wre and cell are the best panels that I see them using some of them are using some off-brand stuff some of them are using Alternatives uh some people will say the panels are made with all the same material so it's just fine uh yeah you could say kind of the same thing about cars too the bottom line is if the price is the same why wouldn't I go with the Tier 1 brand over the less popular brand but trust me as you do your own research which of course you should do you're going to see a lot of the same things regurgitated panels are on even playing field right now as long as they're tier one almost all panels you find residentially installed are going to be good enough when it comes to solar right you have roof mount and you have ground Mount and that's basically it along with portable temporary ones right but that doesn't really matter for what I'm focused on right you know so and and let me just you know illustrate my clear goals uh and I think that they'll apply to you more more or less right so I'm looking for return on investment right I want to I want to generate wealth I want to preserve wealth okay I want to zero out my electricity bill right because You' be stupid to not zero out your electricity bill let me explain why uh so electricity is going to continue getting cheaper in the future unless we have some kind of nuclear power breakthrough and then uh that ends up cheaper but but let's take a step back and don't be don't be foolish when has anything ever gotten cheaper for you in life seriously what do you do you get a cheaper Big Mac no gas cheaper only right before the poles open up uh imagine that uh yeah nothing's getting cheaper don't be a fool so electricity will continue to become more expensive and some of the models say that in about 16 years your electricity rate is going to double okay so look at whatever you're paying right now per month can you afford to double that do you want to double that and all your residential electricity bills are paid with after tax money okay uh that's a huge premium and until you elevate your mindset you don't realize how you are staying poor by paying all these huge fees taxes and basically fines with your after tax money do you understand how insane it is right to be taxed the massive sums we are right and then you get taxed on things like personal property tax and whatever else well on your tax taxed money I could go on and on but the point is when it comes to residential costs especially like not like say commercial where it's your business and maybe you could ride it off I'm trying to get that bill the off of me uh so you got roof mount you got ground Mount to accomplish that roof mount will be cheaper for residential system I've got a lot of data you could expect a roof mount system will be 10 to 15 grand cheaper than doing a ground Mount uh downside my opinion is it's on your roof some people like the look some people don't uh I personally don't really care for the look on the roof uh but I'll explain more later why I'm doing a ground Mount but check this guy out good for him 10 Kow system up and running he is farming the Sun and as a farmer right we Farm our field out here we Farm Bitcoin and other cryptocurrencies we're digital Farmers as well as literal Farmers uh more or less I don't want to round up too much I got I got a little bit of a country twang right so I just want to give you a quick snapshot on this right so this was 5 years ago in Texas he got in at $3 a watt installed uh so this is a more recent thread panels are costing about 30 cents a watt without tariffs right racking and inverters add to that cost uh so ultimately labor and overhead or $2 to $3 a watt uh and this will of course most people will simply be speaking in residential mindsets and and I'll break down residential for a lot of this video and then compare that to Commercial and how significantly cheaper it gets uh at that scale uh what really stands out to me though right is I think solar is really attainable and accessible and affordable right now interest rates are not great you know obviously a cash scenario is ideal here you can of course DIY and I would say if you DIY you could expect to reduce your cost by 40 to 60% depending on how you go about it the major takeaway though is is that at some point I think that we are going to eclipse solar getting cheaper uh being more accessible to going the other way it's going to become more expensive right I mean look at the inflation the US dollar has lost like half of its buying power in the last 5 10 years due to the hyperinflation it's crazy but that's not what they want to tell you on the news and if there's any kind of crazy breakthroughs in the industry that could massively increase demand for solar and what does an increase in demand do with the same Supply price is going up economics 101 seriously I was in that class it was boring but look at this data Long Range model y right so you have a Tesla in your garage and you've got this car the battery in that car is equal to eight Tesla power walls right and there's additional complexities here sure let's say you're paying 15K for each single power wall $90,000 you can straight up just go buy this model y for one3 less and get a car out of it the point though you can't use your Tesla as your backup battery yet and they kind of have a little bit of an island a mo scenario with their Tesla power walls and now Tesla cars and if you could use your Tesla car and it's a better value then why would you buy the power wall right they would love to sell you a Tesla and the power walls think about it they're here to make money but the point being right some kind of breakthrough like this some competitor shows up and does this or they just you know see the riding on the wall and they do it whatever reason things like that could create a massive surge for this uh if you don't know the average electricity rate in the United States is over 20 cents and in my opinion the worst state in the entire country California it has is one of the highest electricity rates if not the highest 3040 cents uh typical pricing there and the removal of net metering programs which basically means you can produce a bunch of energy during the day Bank whatever you don't use into the grid and then draw that back out at a one for one rate say through the night it's like a free battery system it's in my opinion incredible for both parties the last thing I'll say about solar power backup options right you can just get a couple batteries like the ecoflow ones and just have some sort of like basic little you know battery system you can get a very nice you know TurnKey type solution with like the Tesla power walls uh and there's a lot of other things in between uh for me I have a big propane tank cuz we out here in the STS uh and I'm just going to install a propane generator cuz I'm sitting on a bunch of Propane fuel and the cost for Batteries is just very expensive I can set up a propane generator uh and be in for much cheaper and have a much longer runtime and higher output uh with the scenario that I just uh with the propane generator that I just mentioned so uh for me that's not going to be what I'm pursuing uh but if you don't have net metering power backup uh and storage options are incredibly interesting and if you have electric surar charges where it's like really expensive during the day and if you have Peak demand and things like that batteries can really help work around that and get your cost down but those are unique scenarios and that's all I'll say that for now um on the topic of tax benefits there's still a 30% Federal Credit residential solar installs which is huge right and a lot of people doing residential systems they may be W2 employees so you you may be very low on expenses this is an incredible opportunity get to get your taxes down and get a big benefit out of it along the way there's also the made America 10% tax credit uh for if you have solar panels that are certified for that and and if you have a commercial type install you could secure that additional tax credit and that's a pretty new one that's become popular over the last year how long will that 30% solar tax credit last the residential one though it's going to be phased out in 2035 unless Congress extends it what's going to happen with net metering long term right so net metering again it's one to one and uh long story short is power companies don't want unet metering because they probably have enough juice even though you'll see all the drama about you know we might have to go to Rolling blackouts this that whatever uh it depends on your area you know could be a real issue if you will um or not but the point is that if you're doing that metering you have solar right so they basically have this electric infrastructure they would love to bank roll on top of your head but now you're making your own juice and you're using them as their battery grid well guess what net meter is not too good for that business what good is it for me to run this big energy business I got to do all this stuff and you make all your own juice and you use me to store your power and I don't ever get to charge you my high electricity fee but yeah the point is massive Monopoly conglomerate doesn't want you to be able to get out of their clutches so getting in net metering while it's one to one sooner than later seems really appealing I need to look through all the documentation I'm not quite in yet personally uh but I'm trying to get into a situation where I am grandfathered in I think the return looks interesting today but it could be incredibly lucrative long term but as always time will tell let's talk about solar panel sizing right you get these higher wattage panels it may not simply be a better solution a lot of the higher wattage panels in this current ERA right you go from like 400 watts to 5 6 700 Watts they may just literally be bigger panels so yes they are a higher wattage panel but they're literally just like a third bigger and have a and produce a third more that's not a big development you just took the same thing and made it bigger uh so what I see across the board is in my quotes residential everybody's using 400 watt panels or more the panels I was offered are 400 watts 420 Watts 430 Watts by three or four of the installers and then one came out at a bit of an anomaly at 540 Watts those panels are from companies like Rec certainty uh ZN shine Q PE and solab so a lot of those are tier one manufacturers what can you expect to generate though and what is it really worth and and what is it earn right uh so Alpha mang off of uh this solar subreddit thread talked about his best solar day here and you can see his import export and production there uh and so this it's it's I'm a nerd I love seeing data and data is everything and numbers rule everything uh so here's another chart uh kind of in the that same vein we can see 12. 5 KW hours of of consumption 33. 5 KW hours of production uh resulting in you know that 572 Revenue there uh and then he this is another guy he made his own chart here which is what what I love to see that he has inface and and that has an app that generates a allot this data and so he took the apis and pulled this stuff out but like how cool is this to see lifetime like like yeah man like 3 megawatt hours of production how much you turn to grid grid dependence solar credits grid charge bottom line payback period 6.
2 years that's incredible but not everyone's all super hyped about solar right there's a lot of Articles and mindset where like rooftop solar has a fraud problem if you lived in a neighborhood you've had those wankers show up at your door and be like hey have you ever thought about solar or how about some free solar dud there's no free anything just shut up uh so the solar consumer is very Weare and very jaded this guy said um put up a website and he's such a beta that he got yelled at and he took it down wrong move homie then this Nova Genesis guy is talking about number of solar positive people with life affecting negative experiences right to be life affected negative experience I would generally just classify you as as dumb you know you're not smart enough to overcome a negative thing if it's worth it otherwise not everything goes great welcome to living dude but yeah a lot of people get wrapped up and like oh they had a bad experience or my buddy had a bad experience whatever you move on dude um or you get too w wrapped up in like the environmental aspect and it's like look it's real simple for me this is a financial move like yeah it's great to uh produce energy and like that makes me feel good about it I guess or just not guilty about using every W I can possibly find sure uh cuz I made this so shut up I made this I'm going do whatever I want with it and you can go make whatever you want and do whatever you want with that I know that doesn't align with like the woke mind virus of this era but uh leave that another day I guess whatever so here here's the point right uh you know how soon can I make my money back price per watt things like that so I'm doing a ground Mount array because my my roof orientation bottom line doesn't work I even had Tesla out here which they're they're famous for having some of the most affordable rooftop uh installations and just didn't work doesn't work bad design given where the sunrises Falls and then the Dormers Peaks we have on our roof so I'm doing ground Mount and there pretty much one place where we would want the grandma it's and it's two to 250 ft trench uh then you have to build uh the actual infrastructure that the panels sit on and the bottom line is people are adding 10 to 15 grand to these solar quotes uh because of that and that sucks so you know what are the really what do the numbers really come in for me here my Target price with the ground Mount was $3 ppw price per watt uh I've gotten some pretty good quotes I think I'd be more towards like $2. 50 uh price per watt if I was doing this on my roof but again I'm not uh so I am waiting on a reply for kind of like hey like here's like my final offer type thing uh but it's pretty much going to bring my price per watt uh with one installer you know they're Lo they're local got great reviews all that kind of stuff to about $310 per watt with those numbers it more or less gives me like a 10year Roi uh we'll see kind of how that plays out I think if I mine some coin and I have excess built into my solar so that I can heat my garage with a Bitcoin miner through the winter right so I'm going to be generating excess electricity which means that I will run my Bitcoin miner and I already have it so it's not like I even have to account for getting it but you know if you do need to get one depending on which one you want to get be like a grand to several grand um but I have it going to run it for free and Bank all the coin I'm going to hdle the coin till we hopefully get a pair of B Bull Run uh and then look at cash in and out and you know run that number directly against uh my solar investment uh so you know realistically you know all in I'm going to be spending around $70,000 for my system and I should be producing about 30,000 kilowatt hours a year and the array sizing right is like 21,500 Watts uh and that's DC you know before the AC inverter rating there and I haven't finalized anything I'd love to hear your thoughts down in the comments below about my game plan but i' I've spent a lot of time I've got a lot of quotes right and the the numbers I just gave you are the best in class that I have for this uh so that's with about 10 different companies and uh if you know me I love diying things but the bottom line is uh I'm not going to DIY this project uh I will look at diying or being a lot more involved with a commercial solar level uh deployment in the future but for this project it's just uh it's just I I don't have the time I want to get it rolling I'm comfortable with the investment versus the return and uh you know I just have to take a step back and and and realize that I can't do everything entirely myself all the time um I'm I'm honestly like incredibly busy all day every day right now I have been for you know a very long time and I will continue to be uh so looking forward beyond that like right looking at Commercial and what level way shape or form I'm going to break this down pretty simply here uh on the commercial side right so residential in my opinion you should be targeting $2.
