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I'm thinking about getting it to heat my butler's swimming pool as an early Christmas present.
I feel bad that he can only swim in it during the summer.
Guys, this is the time to do solar if you are ever going to, I'm taking bids right now on my house. Prices are way, way down because of the world wide glut on panels ...I'm getting bids of under $3 a watt installed and that's before the CPS rebate and tax credit. I'm pretty sure CPS is gonna stop the rebates soon because of their new commitment to solar farms. This is how one bid broke down:
7.35 KW system
total cost $26,970
less CPS rebate of $12,839
new cost $14,131
less Federal tax credit $4239
Total out of pocket cost $9892
It saves about $1200 a year on utilities at current rates. That's a 12.13% return on investment. And unlike a normal investment there is no tax on that return because it's just money I won't be spending anymore on utility bills.
I'm thinking about getting it to heat my butler's swimming pool as an early Christmas present.
I feel bad that he can only swim in it during the summer.
your butler is a
You should get a better couch or a futon to help your back on "those" nights tbqh
i assume you can still get the 0% loan? at what term again?
yeah, I can trust him around my maids.
you sound like ”afraid to be in the same bathroom with a gay because he might try to sex you” guy
Not 0% but I think SACU is doing them at around 5%. That's still a 7% after tax return on investment if you finance it.
San Antonio Credit Union
A deep commitment to long-term sustainability drives SACU to create innovative products that support our community to build a better tomorrow.
SACU proudly introduces its first environmentally friendly Solar Home Improvement Loan, designed to impact our neighborhoods and those who seek to reduce their carbon footprint and their overall energy costs.
What is It?
This unique loan is designed to finance the installation of solar energy improvements on your home, including solar arrays, solar hot water heaters or other improvements generated through a solar system.
Guidelines:
Loan term up to 30 years.
Loan amount up to $80,000
To check current rates, visit sacu.com
CPS Energy rebates can be applied, subject to CPS Energy
interesting. thanks!
Huh. Randolph-Brooks will give you 3.9% on one of their no-fee credit card products and a $10K (or more) limit shouldn't be hard to get.
Coolness.
Don't forget the federal tax on the rebate, depreciation, cost inflation of electricity, and the 15 yr replacement of the electrical transformer/controller thing, along with the expected very slow decline in outpost over the long term.
Without QC'ing my spreadsheet for errors:
pays for itself in 5 yrs 1 month
investment return varies depending on the ending year, as the NPV is highly positive and, since it is essentially indexed to inflation, goes up the longer you consider the system. I would guess the realistic lifespan of 40 years is appropriate. NPV at that point is $43,000.
Have to spend more time than I have now to the get the actual % return, but it beats the pants off a 5%, 25 year bond in all years.
As far as investments go, this is one I would recommend, especially in the current investment environment.
the amount of money recoup from the outlay will be gotten back within 1-2 years, where u save on electricity bills compared to someone without panels...
the only thing that will fck u up, is when the govt changes the rebate rate for ur generated electricity back into the grid...
Not 1-2 years, 5yrs and one month.
SpursTalk : "math smath whatever"
Yeah your math is pretty whacked. Plus, since CPS only pays 2 cents a KW for return to the grid the point is to size your system where you are never selling back.
well the govt is always changing the rebates....PROTECTIONISM of a stupid industry that is increasing costs passing it onto the customer, here u have the perfect opportunity where the consumer can also become the supplier for the grid, but no they must protect the profit margins of these energy suppliers...fkn pathetic
get enough panels, and u can start growing and producing ur own smack
If energy costs keep rising, the pay back will become a shorter period of time.
That likely won't happen. Both Obama and Romney have said that affordable energy is a priority.
you can laugh for now. But I've shorted oil/ng/and gasoline futures contracts. I'll beall the way to the bank this time next year.
Do you honestly believe either of them?
Ballsy/stupid move based on presidential candidates promises...you can laugh for now. But I've shorted oil/ng/and gasoline futures contracts. I'll be
The only thing that will save you in that bet is a worldwide recession.
at leasts u clowns dont have a emissions carbon tax scheme introduced yet, down here they just got into affect the last quarter, fkn bills went up extra 10% + the stupid GST% on that extra 10, double taxing...basically im spending about 10 bucks a day on electricity due to many appliances and during winter/summer...
The things you and I know would shatter their meager existences. Of course, I am smarter than you but you're still up there, almost at my level intellectually.
Done
Wrote the deposit check Friday
Did an 8KW system for about 10K after CPS rebate and the tax credit.
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