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_Glen_ OP t1_ja7yqfe wrote

Reply to comment by Resilient_Acorn in [OC] Value of solar after one year by _Glen_

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.

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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?

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WeRAliens t1_ja804bf wrote

GL rich person, the maintenance is pricey and often.

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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?

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sloppyredditor t1_ja82ykh wrote

If you’ve got equity, a HELOC will make it easier on the wallet and help with ongoing tax credits.

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