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I can understand waiting on an EV, but why wait on solar? An EPA subsidized "energy efficiency" loan will cover the cost of the installation, with a payment low
by marssaxman 3y ago
I can understand waiting on an EV, but why wait on solar? An EPA subsidized "energy efficiency" loan will cover the cost of the installation, with a payment lower than your power bill. You save money immediately and break even in ~7 years.
I had solar panels installed a little over ten years ago, for environmental reasons, and I was surprised to learn that the economics were already good enough to make it work out as a benefit in purely financial terms. Equipment has only gotten better since then.
- fbdab103 3y agoThere are a ton of factors that go into making solar a sound decision. Will the person plan on living there for the next 5-10 years? Will installation costs finally start falling three years from now? Will the government institute a large grid connection fee so as to significantly impact payback periods? Is the roof going to need replacement within the next 10 years?
- elzbardico 3y agoNet metering is in practice a subsidy for solar owners and probably won't last long. Without net metering things are not as good.