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Reply to "What is your typically summer monthly electric bill cost around here? "
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[quote=Anonymous][quote=Anonymous] That's awesome. How many solar panels do you have, and how much did it cost you?[/quote] This is me. We installed the panels about 3 years ago in DC - installation prices have come down a lot since then and there are now myriad financing/lease/other options that didn't exist back then. We also went with SunPower panels (higher cost but more efficient production). I believe we have 23 panels (totaling 8.2KW) on an unobstructed rowhouse rooftop. Total installation cost ~38k 30% offset by federal tax credit in first year (~11k) Electricity cost savings (all electric house) ~1,500/year SREC sales ~4,500/year (this may go down in future years, the DC SREC market is a little bit unstable) The recurring annual savings/income is about 15% of installation costs, assuming the SREC market holds and no increase in electric rates, which gets us to breakeven in year 5+/-. It's not the most lucrative thing you can do with your money in pure investment terms, of course... [/quote]
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