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Not op but we just installed 12kw system in Seattle and will have cost us $23k after federal tax credit. Approximately $2/watt. Get quotes from 3+ credible loc
by johne20 5y ago
Not op but we just installed 12kw system in Seattle and will have cost us $23k after federal tax credit. Approximately $2/watt. Get quotes from 3+ credible local companies. Also check energysage.
- robocat 5y agoIf you have a mortgage then you are effectively borrowing $23k from the bank for the period of your mortgage - so the total interest could be a significant chunk of money. Assuming that you have some leeway to pay your mortgage off quicker (depending on your exact terms).
- hilbertseries 5y agoHow does interest factor in here? Your mortgage is fixed with the bank.
- girishso 5y agoOP means he could have prepaid the $23K of mortgage, instead of spending on the solar system.
- seabrookmx 5y agoIf you pay off your mortgage quicker you pay less interest. Not sure what you mean by "fixed". Atleast where I live a standard 25 year mortgage can be paid off in ~10 if you were to double up your payments, because all of the additional money you're paying comes off the principal. Thus, the non-interest portion of the payment has _more than_ doubled.
- sagarm 5y agoHomeowner mortgage rates are well below the long-run return on e.g. the S&P 500. A solar system is just another alternative investment option.