Acala
Member
- Joined
- Feb 14, 2008
- Messages
- 13,421
solar
I installed a 2kw PV system on my house two years ago. The panels will last me the rest of my life and retain their value so, in my analysis, the question is not when will they pay for themselves. They don't have to pay for themselves because I will get most of the invested money back when I sell the house or by selling the panels. Since the principle is not lost, I looked at the purchase price as an investment that returns interest in the form of savings on the electric bill. It works out to about a 4% real, inflation-proof, tax-free return on the investment. Can anyone think of any other investment with those virtues?
Plus, it gives me some energy independence although I don't have batteries or the required inverter to go off grid at this point. I may do that next.
By the way, I live in Arizona and my electric bill for June was $0. It was a relatively cool June and the dry weather in June allows me to run an evaporative cooler rather than AC. But still . . .
So that is my analysis.
I installed a 2kw PV system on my house two years ago. The panels will last me the rest of my life and retain their value so, in my analysis, the question is not when will they pay for themselves. They don't have to pay for themselves because I will get most of the invested money back when I sell the house or by selling the panels. Since the principle is not lost, I looked at the purchase price as an investment that returns interest in the form of savings on the electric bill. It works out to about a 4% real, inflation-proof, tax-free return on the investment. Can anyone think of any other investment with those virtues?
Plus, it gives me some energy independence although I don't have batteries or the required inverter to go off grid at this point. I may do that next.
By the way, I live in Arizona and my electric bill for June was $0. It was a relatively cool June and the dry weather in June allows me to run an evaporative cooler rather than AC. But still . . .
So that is my analysis.