Zapper77
Renaissance Man
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Why do we buy a yacht when we could charter one for less, or why buy the Model S Plaid when a Nissan Leaf would be sufficient. Some buy luxury items and some don't.
My System Efficiency is 81.3%. Prove me wrong or show me your math.
- Thread starter GregTR
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timselectric
If I can do it, you can do it.
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Oh my.
Yes, ROI will take a long time for that much up front cost.
Yes, ROI will take a long time for that much up front cost.
Don’t know what his future plans are, but I bet he could recoup at a lot of that cost when he sells the house.
Why do men buy the cow and they can get the milk for free…
if it flies, floats or f***s, it’s cheaper to rent.
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Solar Wizard
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That would add no value for me.
timselectric
If I can do it, you can do it.
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If it doesn't save or make me money. It ain't worth a minute of my time.
Thanks for that info. I'm looking at a diy system they should be around $10k after credits so might be able to break even in a few years(if parts don't fail prematurely)
A true romantic..
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Solar Wizard
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A true romantic..
PRACTICAL romantic.
Because last summer when the Ukraine war just started electricity rates were already at $0.16/kWh, inflation looked like it was going to head to and stay in double digits and the stock market was going to take a beating.
Those variables all indicated that a PV install for $48k net would pay for itself in 12 years, especially when money now would be just worth less later.
Since then the energy market has stabilized, rates are back down again to $0.10/kWh for a 3 year contract, inflation is getting under control and there are investment opportunities with better ROI than solar.
Hindsight is 20/20 and if I had the information I have today back then, I would not have done it.
But as someone else said, this wasn't the last $70k I threw at this problem and based on my home value I should recoup it should I need to sell.
How does your wife feel about that lol
timselectric
If I can do it, you can do it.
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Couldn't find a wife who could save or make me money. I rent my women. lol
You could if you rent them out.
timselectric
If I can do it, you can do it.
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Edit: legally
Like as a house-keeper or ?
robby
Photon Vampire
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If the SHTF with China a system like that might double in value.
I would pay more for a house with a professionally installed solar system and battery backup.
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Solar Wizard
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Why would a now non-servicable system, due to lack of parts, have appreciating value?
Which part of my system is non-serviceable? Sol-Ark HQ is 30 minutes from my house, the panels are as maintenance free as anything can get and the batteries have a solid warranty but can be easily replaced should they be non-serviceable.
I don't think any PV system is an appreciating asset, but historically a PV system had been proven to add about 4% value to a home. Given the price of my home I think I'll come out alright on that equation.
timselectric
If I can do it, you can do it.
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But made in China.
Hopefully Sol-Ark is stocking up on spare parts.
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