Why do I need to replace my system in 20 years? I expect a hit in efficiency, but they are not just going to quit in 20 years. My panels are warrantied efficiency 90%/12years, 80%/25years. It's not like they just drop to 0%.
Having been in hi-tech industry for the last 28 years, I imagine in 18 years when my panels and inverter turn 20, that technology will have jumped ahead. I'm not confidant that solar panel wafer development will follow Moore's Law, but I expect they will improve significantly.
Still, it is not like at 20 years I have to start over.
I agree that Moore's law doesn't seem to hold with PV, and may not apply for the future either. Where were these panels in terms of their abilities 20 years ago? Are we 2^10 times better today than we were then? I don't think we're even 2-4x where we were then. For some reason, this technology hasn't been developing at a very fast pace.
It's true that there are plenty of folks with panels that are over 20 years old and still clunking along. But, then again, there are also people with 20 year old refrigerators that are nowhere near as energy efficient as the ones today. Warranties are developed after careful study by actuaries. They manufacturers will replace only a small portion of the panels for warranty reasons within 20 years. But, once that time period has gone past, the failure rate goes up substantially (failure includes significant drops in efficiencies). Think about it... You're dealing with a product whose sole purpose is to bake in the sun.
Your time in the tech space will allow you to appreciate the amount of stress that they must undergo *every single day* because of the heat/cool cycle by being in the sun and then in the dark. That's the sort of things that destroys electronics.
No, I think we are in agreement. When I wrote "6 cords with an out of pocket price of $100" I meant $100/cord.
The link was the first one that turned up when I googled firewood prices in Connecticut. In Mississippi prices are more like $150 to $175/cord.
Your math and prices:
6 cords of wood in log lengths @ $100/cord
other costs $50
Total out of pocket cost about $650.
You wrote
Indicating that the couple of hours per cord to split and stack was worth $50 for 6 cords ($700 minus $650). So your time is worth about $4.50/hr, and includes a hefty investment in equipment.
Even down here in Mississippi it's hard to get someone to cut logs, split the wood and stack it for $10/hr, much less $4.50/hour. Especially when they provide their own equipment!
With oil, natural gas, LPG, electricity, etc. most people do not include allowance for extra work on their part to get it to the heating system, because there is very little extra work.
Those of us that burn wood tend to ignore that extra work, hey, it's exercise. But if for example you damage your foot and can't walk the difference between flipping the switch and hauling wood to the fire becomes real evident real fast. As does the 2 hours per cord to cut, split, and stack.
Wood definitely has it's place in the home energy cycle if you have an easy inexpensive source. That's why I'm investigating gasification.
I've got trees I have to get rid of, they are in the way. So I make them into lumber, then I still have a bunch of waste left over, I want to make that into heat and maybe electricity. But it is a lot of work compared to flipping a switch and using a PV system.
I consider my time and effort to be "sweat equity". It's exactly the same as buying a house that needs work then *doing* the work. When you're done, you've created significant value. With a house, it's in the resale. With wood burning where I do a lot of the work, it's in being able to spend that money on other things that I might
not be able to do myself.
My equipment investment is an up-front cost, but the equipment has residual value. Install a $50,000 solar system on your house and try to sell it the very next day... I'm guessing you immediately lose half. Five years later, half again. After 10, it's "worthless" except for anything you might be able to get as scrap.
If I could spend $30,000 on a solar system, run it for 10 years, save $3000 / year on my electric bill, then sell it for $8,000 - $10,000 - I'd be looking at it very seriously. Those numbers are pretty darn close to the reality of what my system to burn wood is. Unfortunately, the solar investment is more like $25,000 investment, save $1500 / year on the bill (maybe), and zero residual value after 20 years (assuming it lasts that long and I still live in the house - my tractor, splitter, and saws are all "portable" to my next house).