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I think your neighbor got ripped off, unless maybe he got Tesla shingles and was willing to pay for the looks.I paid $8k for solar over two years ago and it's covered all of my use (admittedly my bill only averaged around $70/month). I've gotten a small check from Southern California Edison each year for my over-production. That's about an 8-year payback.I switched to TOU after getting a Spark EV and the financial benefit was marginal at the time, but I wanted to get locked in before I got the solar. Now with the solar and 2 EVs to charge overnight I'm definitely far ahead on TOU. Without solar, the cost/benefit will come down to how much of your use you can shift to that off-peak period and what the rates are, and it won't make sense for everyone.
I think your neighbor got ripped off, unless maybe he got Tesla shingles and was willing to pay for the looks.
I paid $8k for solar over two years ago and it's covered all of my use (admittedly my bill only averaged around $70/month). I've gotten a small check from Southern California Edison each year for my over-production. That's about an 8-year payback.
I switched to TOU after getting a Spark EV and the financial benefit was marginal at the time, but I wanted to get locked in before I got the solar. Now with the solar and 2 EVs to charge overnight I'm definitely far ahead on TOU. Without solar, the cost/benefit will come down to how much of your use you can shift to that off-peak period and what the rates are, and it won't make sense for everyone.
