[OC] Value of solar after one yearSubmitted by _Glen_ t3_11ddk26 in dataisbeautiful
Resilient_Acorn t1_ja7xujo wrote
Reply to comment by _Glen_ in [OC] Value of solar after one year by _Glen_
Can you comment on the cost of your solar install? Would be nice to know for people like me who want to do this.
_Glen_ OP t1_ja7yqfe wrote
Sure. It's ~11kw system, cost ~$35,000 out of pocket, received ~$8,800 back in tax credits.
My estimated 'break-even' point is towards the end of 2031, assuming nothing crazy happens to electricity prices.
PredictorX1 t1_ja8ldj2 wrote
What did you assume is the rate of return on the money you could leave in the bank if you didn't pay for a solar installation?
WeRAliens t1_ja804bf wrote
GL rich person, the maintenance is pricey and often.
hollisterrox t1_ja83hfg wrote
> the maintenance is pricey and often
What do you mean? Specifically, besides dusting or rinsing the cells, what do you think requires maintenance and how often?
sloppyredditor t1_ja82ykh wrote
If you’ve got equity, a HELOC will make it easier on the wallet and help with ongoing tax credits.
Viewing a single comment thread. View all comments