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Reply to "DH pushing for solar panels"
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[quote=Anonymous][quote=Anonymous]He says it is $49,000 upfront and a $28,000 tax credit, so $21,000. We spend $150 average on electricity right now, so they will break even in 11-12 years. This seems like a really long time….. What do you all think?[/quote] $49,000 invested in a money market at current rates would pay your current electricity costs. $21,000, after the tax credit, would cover about 45% of your electricity needs, accounting for taxes. Your break even is much longer than 11 years. I’m calculating 18 years when you account for what $21,000 worth of interest payments would offset. [/quote]
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