RegGuheert
Well-known member
Cost-competitive when compared with what? Here is what you get:AndyH said:The link with pricing is listed in my post. And again - they're cost competitive this year with NO subsidies or incentives.RegGuheert said:...$16,700 without a backup battery, $21,700 with a backup battery.
$22,000 for a piece of equipment that lasts almost seven years. Let's assume you can use all the hot water and have net metering available. At 500W of average production, you can produce about 360 kWh of electricity per month. At $0.20/kWh, that electricity is worth $72. OTOH, you will increase your gas consumption by approximately $50/month from $100/month to $150/month when compared with using an efficient gas water heater to heat the equivalent amount of water. (Natural gas in Japan costs almost as much the same as electricity on a per-kWh basis.)
Total savings: $22/month.
Monthly equipment cost to achieve this savings: $22,000/84= $260/month (at 0% interest)
Since you have to purchase a gas water heater in either case, there is no savings on that equipment with this unit.
So your net savings are $22/month and your net costs are $260/month based on these assumptions. Put another way, costs are 12X return.
It seems like electricity would have to increase to about $1.00/kWh (without any increase in natural gas costs) for this unit to make any sense.