AndyH said:
I'd be interested in hearing your definition of "PV cost-effectiveness, at least ... from a societal perspective."
Residential solar PV, today, is almost impossible to evaluate rationally. The installation costs are subsidized by the state (California), the utilities are forced to pay retail rates (via Net Energy Metering) for the power, and this economic setup is presented to utility customers as an alternative to a (currently) five-tiered residiential rate structure in CA, which has forced virtually all cost increases over the past decade into the top three tiers.
1. Subisizing the upfront cost of solar panels distorts the market (although in CA these rebates are decreasing over time).
2. Enabling customers to generate/use power at different times, for free, suggests that "batteries" are free, which Leaf owners know to be false; solar PV customers may think that using the utility as a 'battery' for night-time usage has no cost, or that utility backup power for cloudy days has no cost -- clearly not true. A solar PV customer who exactly offsets their own usage can have a zero power bill after 12 months of feeding/drawing power from the grid.
3. Are mid-day kWh more valuable than mid-night kWh? Of course, but mid-day kWh are not worth the retail price of energy (see 5-tier rate structure discussion above).
4. I'm not ignoring environmental externalities, nor the (small) efficiency gained by generating power closer to the load centers. But I don't believe that the environmental externalities are so great as to be worth the subsidies that are granted today.
5. As CA utilities are forced to source more of their power from renewables over time, this "delta" will shrink - SCE today gets about 20% of its power from alt/renewable, and probably another 20% from nuclear (carbon-free), so solar PV's "advantage" over fossil sources is only 60% today, and shrinking (state law now requires 30% alt/renew by 2020).
My idea of cost-effectiveness would be to compare the wholesale value of decentralized generation, plus the value of environmental benefits (avoided emissions), to the all-in cost of solar installation. But I don't have values for the environmental benefits, and the regulated rate structure masks the real value of the kWh produced. So I can only dream