Reply to DH pushing for solar panels

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[quote=Anonymous]We have solar panels and 2 batteries as well. For us the batteries were due to frequent power outages during storms and we priced them out as similar to a gas generator at ~$10,000.  The downside of a generator is that they also require yearly maintenance, which the batteries do not.  Anyway, the batteries are a luxury if you were already going to get a generator, I wouldn't factor them into the return on the solar panels themselves. It is nice, though, that you get a tax credit on the batteries as well as the solar panels.

A few other things to consider math wise, though, with the panels themselves:

1) Leasing the panels will always make the return on investment look worse as you are paying interest.
2) When you buy the panels they have an inherent value themselves based on their projected life.  Our panels are warrantied for 30 years and that is transferrable.  If you spend $30K to put solar panels on your roof you are increasing the value of your house when you sell it as well by some amount.
3) We are in VA and get to sell SRECs as well.  We don't get that much, though, maybe $75 a month.  Our house seems similar to yours, 6,000 sq ft, $150 electric bill a month.
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