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Metropolitan DC Local Politics
Reply to "DC Pepco bills"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Something doesn't make sense. Spend 26K to save 1500 a year in electric bill.[/quote] Ignoring the SREC credits...think about it this way...if you spend $26k, you get a $7,280 tax credit if you were to get them installed this year, so that's a net price of $18,720. If you save $1,500/year, that's an 8% guaranteed return on your money. The stock market averages 8% per year over the long-term and there is risk involved...so why wouldn't you opt for a guaranteed 8% return?[/quote] Plus, the system should last you 25-30 years. Once you've paid back the money for the system, everything else is gravy. [/quote]
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