High energy cost and use might make sense over long period of time (20yrs)
Property
- Owner:
- George
- Type:
- Residential
- Address:
- 12345 Anywhere, Anytown, OR 972001
- Size:
- 2,000 sq ft
Technology
- Type:
- Solar PV
- Installed:
- January 1901
- Size of System:
- 0 kW
- Purposes:
- To generate electricity
Professionals & Suppliers
- Installers:
- NONE
What You Need to Know
Description:
A solar system has to pay for itself in 5yrs or less to get approx 20yr return on your investment. The current system costs WITH government subsidies equate to > 12 years and without >16 years.
Maintenance Requirements:
The cells and electronics might be warranted for 25 years however almost ZERO of the suppliers or installers have 5 year histories let alone decades. Good luck getting any 'warranty service' from any of them beyond a few years.
Advice:
Pencil out the costs and benefits and compare them to other investments.
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