I spoke to a neighbor who got solar panels on his roof. He was all excited about the tax credit, interest free loan and helping the environment (cough).
I did the math and even with zero percent interest, he was paying almost double for the solar panels than he was paying for his electric bill. He said that they would only last the ten years that his loan was for and then would have to pay it all over again to replace them.
“I did the math and even with zero percent interest, he was paying almost double for the solar panels than he was paying for his electric bill.”
Yeah, but think about the warm feeling they got!