If I do, and that's an IF, I'll upgrade my home solar system. Currently it produces half of the power I consume in my all-electric house and will pay for itself in about 10 years (including the interest I'm paying on the HELOC I took out on it). With the upgrade I'm thinking it'll produce 90% of the power I consume even with the EV added.
If I get an EV that gets 1.8 miles per kWh (Ford claims 2 miles per kWh for the F150L, but I'll assume my real world results are 90% of the brochure claims much like a gas car's real mpg aren't the advertised mpg). And I get a 1.9% interest rate on the car, and keep driving about 200 miles per week. And if both the cost for gasoline and the cost of electricity rise at a 3% inflation rate, it'll pay for itself in the 11th year.
Good investment? Not compared to growth investments like I do in my retirement accounts to build wealth. But it's a nice hedge against inflation (since I'm near retirement part of my portfolio is in safe funds, I see this solar/EV investment like that). Considering how much the Dims are making energy costs skyrocket and are promising even more, I'm doing this to protect my nest egg from runaway Dim inflation promises.
“With the upgrade I’m thinking it’ll produce 90% of the power I consume even with the EV added.”
What kind of battery set-up are you looking at in order to use the solar power generated during daylight to charge your EV truck at night? (I am not up on the latest home solar tech so sorry if the question does not make sense.)