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But even if you dont stay in the house, the next owner can use it. I expect most houses will be lived in for atleast 30 years if they are getting mortgaged.
by scsilver 6y ago
But even if you dont stay in the house, the next owner can use it. I expect most houses will be lived in for atleast 30 years if they are getting mortgaged.
- yurishimo 6y agoI think the average home ownership in the US is 5-7 years. Depending on the size of your solar setup, you very well may not break even before moving for whatever reason. That said, it does make sense if you do plan to stay for 10+ years I think. As new houses get built, hopefully with requirements for solar, the housing stock will eventually all be upgraded to include some form of solar generation. I would expect the price to further come down and the majority of homes in the 1st world to have residential solar of some form within the next 30 years.
- epistasis 6y agoThis seems to assume that solar panels do nothing for resale value. However there is definitely value for the next homeowner to save $50-$100/month in expenses.