Solar panels on your home.....anybody done it recently? (buyers, fence)
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Again, after reading all the pros & cons with these solar panels, who in their right mind would want them to save $100 +/- per month? Too many cons just to save $100 +/- per month.
Financing these, another joke in it self. I’ll continue to pay my $140 +/- per month for PSEG. Any problems, just a phone call away.
Right Karl?
Again, after reading all the pros & cons with these solar panels, who in their right mind would want them to save $100 +/- per month? Too many cons just to save $100 +/- per month.
Financing these, another joke in it self. I’ll continue to pay my $140 +/- per month for PSEG. Any problems, just a phone call away.
Right Karl?
Again, after reading all the pros & cons with these solar panels, who in their right mind would want them to save $100 +/- per month? Too many cons just to save $100 +/- per month.
Financing these, another joke in itself. I’ll continue to pay my $140 +/- per month for PSEG. Any problems, just a phone call away.
Right Karl?
Sorry, I don't see any cons. My view is that I will either pay PSE&G for power or I will pay approx the same amount for a 15 year loan for solar panels. The cost is about the same if electricity rates stay the same for 15 years. If they rise, which is likely, the payback is sooner.
Meanwhile, I get an asset that makes my home more valuable, paid by electricity savings.
It seems like a no-brainer to me and why so many are doing just that.
Sorry, I don't see any cons. My view is that I will either pay PSE&G for power or I will pay approx the same amount for a 15 year loan for solar panels. The cost is about the same if electricity rates stay the same for 15 years. If they rise, which is likely, the payback is sooner.
Meanwhile, I get an asset that makes my home more valuable, paid by electricity savings.
It seems like a no-brainer to me and why so many are doing just that.
Cons. The 20k you spend on it invested at a measly 5% return makes you $1300 a year after taxes over 15 years and you still have your 20k principal. It's just flat out a bad investment.
Cons. The 20k you spend on it invested at a measly 5% return makes you $1300 a year after taxes over 15 years and you still have your 20k principal. It's just flat out a bad investment.
I'm getting a guaranteed $11k cash flow savings for 12 years then $9k for years 13-15, or approx. $20k over that 15 years you speculate a $19k return. That's without ANY rate hikes for 15 years. With those definite hikes, I'll save a bit more. To each their own. I prefer the instant cash flow savings month to month and let the markets work for my retirement accounts.
Cons. The 20k you spend on it invested at a measly 5% return makes you $1300 a year after taxes over 15 years and you still have your 20k principal. It's just flat out a bad investment.
You haven't been paying attention. I didn't layout a dime. The entire project was financed, at low interest rates, arranged by the installer. Putting panels on my roof didn't interfere with my investments.
[quote=MTAtech;53295156]You haven't been paying attention. I didn't layout a dime. The entire project was financed, at low interest rates, arranged by the installer. Putting panels on my roof didn't interfere with my investments.
To each there own, I am building a house rite now and it makes no sense to put it in.
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