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A $15,000 loan, at 5% interest, works out to about $159/month over a decade. Divide that by ten neighbors, it's about $16/month per user to charge -- excluding
by matthewdgreen 7y ago
A $15,000 loan, at 5% interest, works out to about $159/month over a decade. Divide that by ten neighbors, it's about $16/month per user to charge -- excluding the cost of energy. This isn't nothing, but it's a reasonable enough price if you have 10 people in the facility who are interested. Obviously the theory and practice are very different things, but as barriers go this one seems surmountable. Particularly given the fact that electric car charging is eventually going to be more and more popular/valuable to purchasers or renters. In short, this is a very tiny fraction of the price of a new roof.