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I suspect a lot of it has to do with housing prices where you live. It's a pretty easy upgrade to a house, and adding $20K to the mortgage for most houses thes
by mikekchar 9y ago
I suspect a lot of it has to do with housing prices where you live. It's a pretty easy upgrade to a house, and adding $20K to the mortgage for most houses these days is trivial. If you are selling, then you can probably even make a pretty decent return on investment because people are willing to tack on such "small" amounts when they buy the home. So until solar panels become a standard that everyone expects in a home, or until the next big market crash, I suspect solar installations will have inflated price tags.
- josefresco 9y ago20K turns into roughly 33k in 30 years. I think trivial is a relative term.
- mikekchar 9y agoTrust me, I'm with you on that on :-) But I think most people who are plonking down $1 million on a house will not notice an extra $20K on the price tag, but will notice solar panels.