To: myrabach
“it will pay for itself in 2 years”
Who told you the math behind this? It won’t be two years. You’ll be lucky to get a 20 year return.
19 posted on
09/17/2012 6:19:11 AM PDT by
CodeToad
(Be Prepared...They Are.)
To: CodeToad
Who told you the math behind this? It wont be two years. Youll be lucky to get a 20 year return.
Indeed. Some of the ones our government has favored would take 75 years to recoup the initial investment, and they're only designed to last about half that time. It's a pipe dream. Solar panels aren't good enough yet, perhaps they'll never be.
24 posted on
09/17/2012 6:48:35 AM PDT by
youngidiot
(The name's Bond. James Bond. James Bond Jovi.)
To: CodeToad; myrabach
I think myrabach lost a zero in the payback calculation.
20 years is more likely.
$5000/kw panel installed
8 hr/day opeation (taking into account cloudy days)
Cost savings from utiltiy - $0.13/kw-hr
Daily savings - 8 x 0.13 = $1.04
Months to pay off panel - 5000/(1.04x30) = 160 months or 13.3 years.
I think my numbers may be optimistic on the installation but the payoff is certainly not 2 years.
To: CodeToad; myrabach
“it will pay for itself in 2 years
Who told you the math behind this? It wont be two years. Youll be lucky to get a 20 year return.”
You would have to get a huge tax credit or some other way that somebody else is paying for it then.
Solar is very expensive and very long payback if at all; from all I have seen.
34 posted on
09/17/2012 10:13:30 AM PDT by
HereInTheHeartland
(Encourage all of your Democrat friends to get out and vote on November 7th, the stakes are high.)
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