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by djrogers
3702 days ago
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I really have to take exception with a statement in the opening here: > rooftop solar seem systems which are (arguably) little more than green bling for the wealthy My rooftop solar system (installed in late 2013) is 2.5 years in to what is looking to be a 5.9 year break-even point. After 6 years I will be earning $4-5k/year from it. Even if I had financed this (not a solar lease, those are usually structured so the leasing company gets all the benefits) at a high interest rate, it would turn out to be one of my best investments on a $/return basis. The fact that basically don't have a monthly power bill (which is substantial in hot parts of PG&E land) is my #1 benefit here, as reducing my monthly budget by that amount makes the rest of my life that much nicer. The fact that I have reduced my 'carbon footprint' is barely on my radar compared to the financial benefits here.... I did find it crazy that the installer/designer wanted to know if I wanted more visible colors, or a portion of the panels facing the from top the house so they were more noticeable. I suppose some people just have to green-signal... |
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Can you point us in the direction of a good write-up on net-metering? I'm sure different jurisdictions have different rules. I was under the impression that net metering was only good up until your yearly production was equal to your demand. Or are you saying that the $4-5k/year is at wholesale rates?