Solar Panel HELP?
Answers: Sorry this is so long.
I live in north west arkansas. I enjoy solar on my home. I installed them myself. Did not cost me anywhere near 25 impressive.
Solar will pay you backbone if you get incentives or not. I hold said this a hundred times but people a short time ago don't seem to grasp or can't do the math.
You are renting from the public utility. You have nought in the ruin but a stack of payment stubs. There is no process to get a return on your investment. You remunerated them money and have nought. Nothing at all .. Well I don`t know good service. But still nought.
If you check it out most solar electric systems last 30 years or longer. If your electric bill is 100 dollars a month. do the math.
100 dollars a month for 30 years is $36,000 dollars you would generally pay the public utility. So why not buy your $25,000 system, you of late made $10,000 right there on the spot.
Now make the addition of in 3.5% cost of living per year for respectively year for the next 30 years on that 35,000 you salary the public utility. Then you have to preserve in mind you do not settle up taxes on any electric you make yourself. You do not wage fees on your own power. You do not pay the cost of fuel incresses every time the price of grease goes up.
In the finish you saved $100,000.
So it is free even if Arkansas don't bequeath free handouts like other states. I even know relatives who say they are waiting for some one to produce a cheaper solar module. That will not happen because even if they bring in it for half the cost (like evergreen is doing) it will still be sold at standard marketplace value not production cost.
The legitimate problem with solar is it is thorny to come up with the upfront cost. But renting solar panel is comming but that is impossible to tell apart as just renting power from the public utility.
I yearning you luck but it will be a while before Arkansas will formulate any moves on renewables. They just contained by 2007 made it law that the public utilities hold to let your roll your lattice metering over to the next month if you over produced.
The simply way it pays sour is if your energy supplier or state refund half or more of the cost. Even after, could take 20 years or more to reward off depending on your electrical usage. Most those are either misguided or doing it to decrease their carbon footprint.
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