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> i'm still not convinced that solar will pay itself off in a human life time What do you mean by that? The payoff, even factoring opportunity cost, is around
by teruakohatu 3y ago
> i'm still not convinced that solar will pay itself off in a human life time
What do you mean by that? The payoff, even factoring opportunity cost, is around 10-12 years or less in my country.
- dylan604 3y agomaybe I'm jaded and put off by all of the scammy/predatory lending that's prevalent in the US around solar. there's also the seemingly back and forth between ability to earn money from unused powered produced and shared with the grid. are there rebates or not, but depends on the particular time you're purchasing. things like being transferable or not also come into play. lots of things make it a complicated equation compared to buying a house/car/similar.
- teruakohatu 3y agoA report done in New Zealand in 2018 by arranging quotes for houses around the country found many quoted systems had 20+ yr paybacks. https://i.stuff.co.nz/business/107335911/solar-power-systems-take-decades-to-pay-for-themselves-consumer-nz-says https://i.stuff.co.nz/business/107335911/solar-power-systems... But on the other hand if a house is ideally suited for solar, the payback will easily be 10 years.