Panels don't run things
What is your response to people who ask you "what will your solar panels run?" (run, as in power, operate)
Forum Discussion
time2roll wrote:dougrainer wrote:My payback was 5 years. 6th year paid for any lost time value of money.
Stating that Solar Homeowners pay nothing is like stating your Tesla cost NOTHING also. People forget you had to spend 75k and up for the Tesla and up to 50k for a fully functional Home Solar system. Lets take 25k for a home solar system. My electric bill for my 3400 sq foot house(VERY energy efficient) runs $1500 per year. How many years would it take to recoup my 25k COST????? And what happens if I MOVE? Doug
Sale of home? Might get a few $$$ back but more importantly home will probably sell quicker.
You must have had HI electric rates(Cal):) Another thing about home solar. If you live in Hail country, your homeowners insurance will also increase with Solar panels. Why? Because when you have to replace your roof from Hail Damage, your insurance will pay for the Solar installers to come out and remove the system so the roofer can replace the roof and then the Solar company will reinstall after roof is done. BUT, that adds cost to the roof replacement(labor). Your insurance company will raise your rate slightly to cover that extra cost. My neighbor found that out last year. Not much increase, but it did increase. With a Fed Solar credit, going solar is a good idea, but not really if you plan on moving(job or such) every few years. Doug
