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I put 7.3kw of panels on our roof for $0 of our money thanks to a $5k rebate and $8k interest free loan. It makes 7.2Mwh of power a calendar year, which would c
by testing22321 2mo ago
I put 7.3kw of panels on our roof for $0 of our money thanks to a $5k rebate and $8k interest free loan. It makes 7.2Mwh of power a calendar year, which would cost $1000 if we had to pay for it.
So for 8 years we pay the loan instead of for the power, then we get -25 years of $1000 a year in our pockets. The price of power is also pre approved to increase a minimum of 5% a year every year here, so the savings will be more than that.
Right now we get a 1:1 credit for anything we put into the grid. If and when that changes I’ll get a battery.
The kicker? We’re in Canada in a tight valley where it snows a ton. If it works here…
- throwaway2037 2mo agoI think it would be less click-baity to re-write your first sentence as: "I put 7.3kw of panels on our roof for a $8k interest free loan and a $5k rebate." > The price of power is also pre approved to increase a minimum of 5% a year every year here, so the savings will be more than that. That 5% growth rate sounds economically unsustainable. Power prices in rich, highly-developed countries in the last 50 years surely have grown much slower than 5% per year.
- testing22321 2mo agoOur local power utility has realized they’re waaay behind on maintenance. This year power went up 7% in town and 16% for those out of town. Both going up 8% next year.