Storage concerns aside, solar power is still too expensive.
Right now, I can buy a 4.5kW rated system from Origin Energy, that costs $6,765, fully installed. That system,
according to the Clean Energy Council, will in a good 45m
2 unshaded site in Brisbane, facing North or North-West, generate an average 6,899kWh per year, based on typical weather conditions.
Electricity here is expensive, and I pay 26.73c/kWh for it; so my potential savings are 6,899kWh x $0.2673/kWh = $1,639 per annum, or on average, $136.59 per month. That means it would take over four years for the system to have paid for itself, even discounting the cost of the upfront capital expenditure, and any maintenance, repair or depreciation. I have moved house three times in the last four years; had I installed a solar power system in each place, I would be about $13,000 out of pocket.
Assuming (and it is a big assumption) that I can settle here and never move again, I could buy a system today.
If I borrowed against my home at my bank's current home mortgage rate, I will pay 5.23% APR for the $6,765 additional loan. At those rates, it will take four years and eight months before I have saved enough in power bills to pay off the loan plus interest, and am making any return at all on my investment - assuming I don't move house, and that the inverter and panels run at the projected output rate consistently for all that time without maintenance, repair or replacement.
I am simply not prepared to gamble nearly $7,000 on the probability that nothing will go wrong - particularly not a change in circumstances requiring me to move house, and donate my solar power system to the next buyer - in the best part of five years.
If electricity was to rise to nearer 60c/kWh, then it would be a 2 year ROI, which would be a bet I would be prepared to take; or if power prices remained stable, but the installed cost of a 4.5kW unit came down to about $3,100 (also giving a 2 year ROI).
In summary, domestic solar power is about twice as expensive as I am prepared to pay at present. I hope the cost will continue to fall; when the falling cost and/or rising power price makes a 2 year ROI possible, then I will take the plunge.
Until then, I would prefer to buy nuclear power (at any retail price below 60c/kWh) rather than coal power at roughly the same price*.
*Nuclear and coal are roughly the same price - according to the OpenEI figures on Wikipedia, Coal costs between 40 and 80USD/MWh, while nuclear costs around 60USD/MWh. PV Solar costs around 280USD/MWh, while onshore wind - the least expensive of the non-nuclear renewables - is comparable in cost to nuclear and coal (but of course, has the problem of long periods of calm weather to overcome).