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What is your expected payback time on the investment of solar? It seems like in Oregon it will take a long time with the amount of sunlight and the relatively c
by graton 5y ago
What is your expected payback time on the investment of solar? It seems like in Oregon it will take a long time with the amount of sunlight and the relatively cheap energy costs.
- irrational 5y agoAt the time we had them installed, both the federal government and Oregon had very generous subsidies. We do have a loan to pay off the balance not covered by those subsidies, but the monthly payment on the loan is about $40 cheaper per month than our electric bill was prior to having them installed. So, even with the interest on the loan, we are paying significantly less for our monthly electric usage. Once the panels are paid off, our bill will just be $12/month.