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did you go with the panels that look like shingles or the old school panels?
Now treat yourself to a sausage muffin in the morning.
did you go with the panels that look like shingles or the old school panels?
So you're looking at what, 8 years for return? Assuming your system isn't totally in 8 years, that could pan out for you. It's not the same as a lower return on investment where you can pull your initial investment. You cannot just cash out.
I look at that like more of a personal decision, do you want to feel better about yourself? If you do, then it's fine, just like buying a hybrid car. It's probably not going to save you money. Those people who buy a Prius and say it's because it's cheaper on gas, that's silly. They spend thousands to save hundreds.
Eventually we are going to have to do it like recycling, it's not profitable for most of us but we have to start somewhere. Now many people do it intuitively.
I guess you haven't been paying attention to the discussion of the incredible ROI that this system provides (tax free to boot). Also, he can cash out at any time. Sell the house. However, he isn't looking at this as a speculative/capital gains investment. He is looking at this for what it is, one that pays significant dividends. (On the order of 12+ percent if I remember the discussions correctly)
What he did, in effect, is take out a bank loan to pay for a percentage of his electricity bill. He gets the electricity at a lower rate, say 1200 less per year than he was getting it for if his usage remains constant. Actually it's more accurate to say he's getting a portion of the usage, not a portion of the money, as the price will likely increase so his savings will increase.
Whether or not it will increase his resale value is speculative. In some places it will, depending on whether or not the area is traditional or more contemporary living. In other areas or if the panels need work, it could be a wash or maybe even an expense to get the panels removed.
If it was that easy, everyone would do it. There are pitfalls you have to watch out for. I am sure CC has done his homework, but I've been in solar for a long time and I know it from ground up, from the design of the PV cells to the design and installation of the systems.
Regardless, like I said, just as we do with recycling a good portion of our drive has to (and will) come from the desire to change the world, realizing we have to start sometime. If it becomes financially beneficial, that's great for everyone. I don't see how anyone loses on that deal. Even power companies are willing to buy back electricity and they have their hands full with demand already.
I have a friend who has a home in the Rockies that's completely off the grid for everything, and he loves it.
I have a true standing seam metal roof facing south so went with the traditional panels.
Sweet. Just got the first full months utility bill. Electricity was $26.51. Same period last year was $113.62.
did you charged up maybe the electrimic car last year?
nope, they are at the ranch.
whattid about runnings gimagnatic vibraotors? didid you maybe so lasts years?
Are the DPS rebate and IRS credit still available?
I have no idea. But look what "anonymous" says about the goings on in Tucson.
Anonymous says:
March 5, 2013 at 11:34 am
A few notes on DMAFB. I live in Tucson and drive past the base regularly to and from work. Driving on Kolb Road, on the west side you will see around 50 MRAP Armored vehicles sitting there. East of Kolb, and extending into the South East side of Tucson (Rita Ranch area for those who live here) is a HUGE fenced in area of mostly open desert that has had a large amount of construction ongoing for about the past 2 years. I can see a series of towers… possible flight control, possible a detention center being built. DHS / CBP has a smaller detention center housed on DMAFB just off the Swan Gate. Also of note, altho DMAFB is primarily used as a Training Facility (Pilots come here to learn to fly the A 10 Warthog), there are always a decent amount of foreign troops at DMAFB training with our Air Force (Currently its Singapore.) Also, several Regular Army troops have been showing up for “SECURITY DUTY.” Seems odd for a TRAINING BASE. Check out Davis Monthan AFB, Tucson AZ on Google Maps, you can view the large desert area I am talking about, South East extending along Valencia Road. Just thought this might be informative…
Yes. CPS extended another year at $2 a watt and the 30% tax credit is still available. With a ten year cash out/payout and interest rates this low it's a no brainer IMHO.
Drone base. I know this.
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