Paul Maycock, a legendary figure in the solar photovoltaic field, gave the keynote address at the PV Summit 2008 in San Diego.
He dug into the costs of residental PV installations and pointed out that unless the residential rebate programs are extended, solar PV doesn't make financial sense for homeowners. He figured $5 to $7 for peak watt electricity with grid-connected PV.
Maycock estimated that the financial landscape will change in 3 to 4 years, when the cost of PV panels decrease and efficiency increases, not the mention the projected higher costs of traditional power.
