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> we’re paying close to nothing for electricity. >he panels and batteries cost about as much as an EV when we got them, but manufacturing costs have dropped an
by potato3732842 2y ago
> we’re paying close to nothing for electricity.
>he panels and batteries cost about as much as an EV when we got them, but manufacturing costs have dropped and keep dropping.
So basically you prepaid.
$20-40k buys a LOT of electricity. I live in a real dump of a state with insane electric prices (only reliably exceeded by Hawaii) and I can't make a privately owned system pencil out. Even with the credits the amortization time is on the order of 20yr +/- a few. I get the draw of spending a ton up front to eliminate a bill and have better cashflow but I just can't justify that with tens of thousands of dollars.
- johnnyanmac 2y agoin my case the panels came with a home which was already a very special deal to begin with. I'd be surprised if over this decade those panels haven't more than paid themselves off. the inflationary measure probabyl doesn't help either. I can't say for sure how much the panels themselves cost, but given the crazy times I wouldn't be surprise if they were as low as 40% cheaper back then.