I figure it should save about $1000/year in electricity bills and
they are quoting me $17.5 k for the system. That's a 5.7% return on
investment, or 8.3% ROI after the federal tax credit.
Make sure they are quoting *everything.* When I looked into solar a
few years ago, the quote specifically excluded building permit(s).
By the time the necessary PE reports, building permits, mortgage holder
sign-off, etc (regulatory crap) were added and the benefit of the
federal tax credit reduced because it is not a "refundable" credit,
the payback period was so long the ROI was not competitive with US
Government bonds!
73,
... Joe, W4TV
On 7/18/2016 1:22 PM, Alan Bloom wrote:
Thanks for the pointer. I was already aware that their "0% down" lease
arrangement is not a very good deal, so I am looking at buying the
system outright. I figure it should save about $1000/year in
electricity bills and they are quoting me $17.5 k for the system. That's
a 5.7% return on investment, or 8.3% ROI after the federal tax credit.
http://energy.gov/savings/residential-renewable-energy-tax-credit
Alan N1AL
On 07/18/2016 05:54 AM, Wes Stewart wrote:
I would not be interested in working with Solar City.
http://watchdog.org/191409/congress-probes-solarcity/
On 7/18/2016 12:05 AM, Alan Bloom wrote:
I am contemplating having a solar photovoltaic power system installed
on my roof.
Solar City is not interested in working with me on this -
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