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The Water Cooler
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Solar Panels for the home - school me - why isn't everyone doing it?
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<blockquote data-quote="-Pjackso" data-source="post: 4023180" data-attributes="member: 8119"><p>Every time I look into solar, the upfront costs are high, and the payback is low.</p><p>I literally calculated 20-30 years ROI - and that's assuming no problems. </p><p></p><p>Your contractor has installed other 'similar-sized' systems. Ask for references and addresses, knock on their door, ask for differences in electric bills or real-world KW-hr generation per month.</p><p></p><p>1) Get a straight cash quote.</p><p>2) Get real-world KWh generation numbers.</p><p>3) Calculate the ROI.</p><p>The loan % only hurts the payback.</p><p></p><p>If the 'numbers' work and you want it, then do it.</p></blockquote><p></p>
[QUOTE="-Pjackso, post: 4023180, member: 8119"] Every time I look into solar, the upfront costs are high, and the payback is low. I literally calculated 20-30 years ROI - and that's assuming no problems. Your contractor has installed other 'similar-sized' systems. Ask for references and addresses, knock on their door, ask for differences in electric bills or real-world KW-hr generation per month. 1) Get a straight cash quote. 2) Get real-world KWh generation numbers. 3) Calculate the ROI. The loan % only hurts the payback. If the 'numbers' work and you want it, then do it. [/QUOTE]
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