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I’m in a mountain town in BC Canada and pay $0.13/kWh. My 7.8kW solar system cost me $0 out of pocket after incentives and an interest free loan. It’s making ~$
by testing22321 1y ago
I’m in a mountain town in BC Canada and pay $0.13/kWh. My 7.8kW solar system cost me $0 out of pocket after incentives and an interest free loan.
It’s making ~$1000 per year of electricity, so we’ll just put that onto the loan for the next 8 years instead of paying it to the power company. Then for ~25 years after that it will make me $1000/year. Free money.
(The price of electricity is already pre-approved to increase 5% a year, so actually my savings will be more every year than the year before)
Solar can be worth it even when power is cheap.
- Scoundreller 1y agoWhy pay off an interest free loan?
- testing22321 1y agoIt has to be paid off in 10 years.