What we did was finance the $16k for 5 years, and the amount we would have been paying our electric provider each month, we are paying to the bank on the note.
Our energy will be free and clear in 5 years, at which time there is no way to even predict what electric costs will be. The one thing we know for sure is that electricity is never going to be cheaper in our lifetimes.
Thank you for the info.
Pretty irresistable- though, of course I disapprove of the subsidies. Since they were there though you’d have been foolish not to take them.
Interestingly with the end of Chinese solar panel dumping and, eventually, the end of solar subsidies your investment eill become even more valuable if you sell the house.