If you would like help finding an agent in your area that specializes in these types of homes shoot me an email at Shawn@ShawnShackelton.com or give me a call at (480) 734-7277. Secret Alternative To Traditional Luxury Home Construction 👉 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BPGJDT5kYHY.html
Arizona has a surplus of electricity, due to the largest nuclear reactor in the USA and a huge number of solar panels in parking lots and industrial buildings. So much surplus that we sell it to California, which would have blackouts otherwise. Cost of electricity in AZ is 1/3 the cost of CA, mostly at $0.11/KwH and $0.03/KwH midday winter. AZ Power does not reimburse as fully as other states for power sold back to them from consumers, because they already have a surplus. Recently California refused to renegotiate the multi-state Colorado River compact, keeping AZ's current share of water for itself. AZ countered with "OK we'll keep our electricity and not sell you any" and California relented. AZ now has both surplus water and electricity. There is no water shortage here, due to our massive aquifer and extensive recycling. We send zero excess water to the sea, unlike CA, which sends most of its water to the Pacific.
I just want to put it out there, being wealthy and having a luxury home are not one and the same. There are a lot of wealthy individuals who choose to live in a normal home with solar. My grandparents, for example, are wealthy, and one of the first to embrace solar energy in their home as the government was basically paying for them to have it. My grandparents are some of the most avid supporters of solar energy, I know, as it has saved them thousands of dollars over the years.
As more homes install solar panels, I suspect the power companies and governments will start looking at infrastructure taxes. Your electric bill is not just for the energy, it also covers the infrastructure required to deliver the energy. Whether you use 1KWh or 400, the same infrastructure is required to deliver it. The talk now is that people who use solar to partially or completely cover their electric bill are causing people who cannot afford solar and having to pay more because of the cost of running the grid. They are already doing this to owners of electric vehicles. Starting September 1st in Texas, everyone renewing their registration for an EV will have to pay an additional $200 fee. This is to cover the cost for road construction and maintenance. A road tax is charged at the gas pump, but since EVs don't use gas, this is how they will collect the tax. That would be fine, but anyone with third grade math can see that this is at least twice what should be charged. So watch out solar homes, you are next.
Hmmm? Don't tell my son this. His home is worth about 1 million, and he's had solar for several years. He drives a Model X Tesla and his electric bill is CHEAP. I understand where you're coming from though, as my HOA seems to frown on adding solar to our homes (and we're not even all that luxurious with the most expensive home in the $800's). Our HOA requires that they indicate WHERE on your home you are allowed to place solar, so basically a worthless idea to even consider.
The reason they don't do it is the same reason why no one else should do it. It is better to invest the money in the stock market than to spend it on solar. If you invest $100K in an S&P 500 index, it will likely double in about 8 years. If you bought $100K of S&P mutual fund in 2018, it would be worth $160K today, and even after capital gains, you would have made $51,000, which is probably enough to pay their electricity bill for that 5 years and have money left over for a nice vacation. This is why the rich get richer. They invest their money, and most of them probably have some utility stocks, you are helping them pay their utility bills with the dividends they earn. (I used $100K becuase this was the price the commentor used as an example.)
if you have to spend $100,000 on solar system, that means your electric bills are likely $600 a month or greater. All residential solar systems are entitled to a 30% tax credit so that means it really only cost $70,000. Depending on the state, there are likely state incentives (unless you're in CA). But in NJ, you would get another $30,000. So now your $100,000 solar system net cost is $40,000. So you would spend $40,000 now to no longer have a $600 per month electric bill or $7,200 per year. Spending $40,000 to save $7,200 means your ROI is 18%. That is a guaranteed 18% ROI in year one. And guess what, as the cost of utility rises ( which is also another guarantee) your solar system actually becomes more valuable. 10 years from now, your $600 electric bill will likely be near $1,000 a month. But you have solar, so it's really zero. So your ROI keeps increasing. And that's accounting for degredation.
Must be the market you are dealing with. Here on the West Coast many people expect a home to have solar. And it is even better if they have batteries. This starts with homes even around the 2500 sq foot range in upscale (1-2M+) neighborhoods.
Don’t HATE on Solar DC Electric! HATE on the Inefficiency of AC Electric compressor in your Duct Less air coolers and Heat Pumps! In DC country’s it’s just plug and play
Luxury homes need to be made with a privacy fence that has solar along the top of the fence. It may be seen from the 2nd floor but not the first floor. And the solar input should go to many power stations that power a few air conditions, saving money. They need other air conditions that work on the grid for night and rainy days.
What about the people that live in luxury home are smart with their money and know it’s a waste of money purchasing solar panels. Here in Florida the average 200sq ft house solar runs about 50k. It’s a joke try finding a company that is legit sand isn’t about greed.
Fun fact: your utility bill is not for the product, but for the service of counting (metering) of the product. Purchase your own meter and count the already paid for product yourself. It is all a scam, folks.
Hi Shawn, as always, great and practical information. Sounds like the way to go is to look for a home that has paid off their owned solar system. How long does it usually take to pay off the owned system? Also, do those payments get transferred to the new owner or do you just negotiate the payoff of the owned solar with the home purchase? Keep up the great content.
It's because the solar companies deliberately upsize the system in order to maximize their profits, not because it makes the most sense. If you set the target at artificially zero'ing out your electricity bill (which is what they try to sell, and most "luxury" homeowners lack the technical depth to challenge this notion), your cost/payback period are unnecessarily extended. That, plus companies also routinely do stuff like design systems that clip, etc.
I agree, solar rarely benefits larger homes for all the reasons you stated. I have a fairly large home, 9000sqft under roof, 6300sqft of which is air conditioned to 71 degrees in the summer. My home is mostly electric, 18-tons of AC (heat pumps), electric ovens, electric dryer, electric water heaters, and 200+ light bulbs. I consume about 30,000kW per year for about $2700 a year, which is 3 times the average APS consumer. Solar has never been an option for me. Estimates I received were between $90k and $120 with a payback period of 40 plus years. It takes a lot of panels to generate 30,000kW per year and it would consume most of my roofing space. There are many other options available to consumers that far exceed what solar offers. You just have to be willing to make the sacrifices to save the money.
Something is very off with your math. You would need approximately 82kwh of solar per day. Since you did not say where you are let’s use an average 4 hours peek and 4 hours half solar each day to get a ball park. That is just a 13.6kwh solar setup. Granted positioning matters but that is a very small solar system. So not sure if you were lied to or intentionally misleading but your math is wrong by a lot.
@@mikebalentine If you look at what he wrote, he's the kind of guy that blusters into a sales session going, "I'm a big boy I have big boy needs and I need big everything so you need to make me the biggest baddest solar system because that's how I've developed my character!" And I'm sure the solar contractors are more than happy to oblige. Then when they come back with some ridiculous proposal, it's instant confirmation bias. "See! I knew solar would never work financially!"
Extremely dishonest and misleading video. I live in northern Europe, I have solar. don't have a battery system and my soar pays for half my yearly electricity cost
Dawn's video is accurate -- for Arizona. Payback is different in Europe because electricity is so expensive there and solar is subsidized by the government. Electricity in AZ is usually $0.11 / KwH, with a three hour window at $0.27 and a five hour window at $0.03. The reason electricity is so cheap is that we have the largest nuclear power plant in the USA, with a surplus that we sell to other states. Germany turned off all their nuclear and France lost a third, lost Russian natural gas, then turned to imported coal plants. Of course electricity is expensive. AZ has the most solar systems in the USA, mostly on parking lots, industrial buildings, schools, and government buildings. The sun shines 330 days a year.
