But over the years our home value increased bigly, giving me a little equity to take out a HELOC that I used to pay for the solar system. Before I had a fairly large power bill and natural gas bill. Now I have no natural gas bill (I converted my nat gas appliances to electric). What I pay now are a HELOC payment and a tiny power bill. The good thing is that, as the HELOC balance is paid down, the HELOC payment goes down too. Thus it costs me less in the future than it does now. Meanwhile, power rates and natural gas rates keep going up. Thus, my solar system saves me more money in the future than it does now. So as the years go by, it costs me less money to save larger money.
Sometimes folks do things right, other times they dont. We didn’t in a couple instances, so.......