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With subsidies I could make a profit in 15 years. But I don't want to make a plan that stretches that long, and that's a best case scenario (assuming no damages
by alkonaut 6y ago
With subsidies I could make a profit in 15 years. But I don't want to make a plan that stretches that long, and that's a best case scenario (assuming no damages, expensive failures).
So while I can get 100% renewable from the grid, I'll stick with that, at least until an installation can pay for itself in just a few years.
- ClumsyPilot 6y agoI this that with this approach you will forever be buying electricity from those who are happy with a 10-15 year financial plan. There is nothing wrong with it, but i dont see how your expectation of a 98%?safe investment paying for itself in 5 years is justified.
- alkonaut 6y agoWhat I think will happen is that these installations will become common so they are an investment that adds a near equivalent value to the home. Once that happens, it’s also safe to buy it regardless of whether it takes 15 years or more so I sell the house. The buyer will pay more for my house. That’s not the case yet. Solar doesn’t add a value equivalent to the investment to the house, so unless I plan on staying until it’s paid off - it’s not worth it. But I think this will change.
- ClumsyPilot 6y agoThats a good point, but what do you recon is the 'added value' currently?