Here's a quote from....
What kind of math are they using?
1700 kWh/m^2 per year assumes 195 W sunlight per square meter. That's ok.Then they multiply 1700 by 12% efficiency and get 600. Huh?
Multiply that by a generous $0.08 / kWh and 30 m^2 area on the southern half of a gable roof and it's less than $1500 / year savings, or less than $500 / year if they calculated the efficiency right.
This site says it costs more than $6 per watt to install.
Then how does $1500 / year pay for the system in 4 years? The subsidies aren't 80%, or are they?
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Energy Payback Time - EPBT is the time necessary for a photovoltaic panel to generate the energy equivalent to that used to produce it. E. Alsema made some interesting EPBT calculations for photovoltaic modules. He estimates
600 kWh/m2 energy produced with monocrystal-silicon modules or 420 kWh/m2 with polycrystalline silicon is used to make near-future, frameless PV systems. Assuming 12 % conversion efficiency (standard conditions) and 1,700 kWh/m2 per year of available sunlight energy, Alsema calculated a payback of about four years for contemporary polycrystalline-silicon PV systems. Projecting 10 years into the future, he assumes a "solar grade" silicon feedstock and 14 % efficiency, dropping energy payback to about 2 years. Some other calculations generally support Alsema's predictions. For amorphous-silicon Alsema estimates that it takes 120 kWh/m2 to make near-future, frameless amorphous-silicon PV modules. He adds another 120 kWh/m2 per frame and support structure (for a rooftop-mounted, grid-connected system). At 6 % conversion efficiency (standard conditions) and 1,700 kWh/m2 per year of available sunlight energy, Alsema calculated a payback of about three years for contemporary thin-film PV systems. Kato and Palz for example calculated even shorter paybacks for amorphous-silicon, each ranging from one to two years. Some links with detailed information about EPBT are available below - for photovoltaic and even for solar thermal systems.