2 ms·
Looked into solar, annualized return around 4.5% after inflation reduction act incentives. Also hurts to have child tax credits count first if you have a few ki
by mensetmanusman 2y ago
Looked into solar, annualized return around 4.5% after inflation reduction act incentives. Also hurts to have child tax credits count first if you have a few kids as the feds won’t reimburse if you go below zero too much.
Still makes sense to pay off the mortgage.
- malshe 2y agoI am assuming you are in the US. Is the low return on solar due to high installation costs, particularly labor? At least in Texas, this is the reason commonly given by people. My friend installed it all by himself. He has a large yard with limited tree cover so he didn't have to install it on the roof. He told me he saved thousands even after accounting for his time.
- mensetmanusman 2y agoYes, also our state doesn’t force utilities to pay you market rate for the power generated in excess.