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Does anyone know the typical instal rate for these things? I see more and more people getting them in my area and are considering cost vs savings and can't imagine it's worth it for all that trouble. If you have money to burn and want to be environmentally sound I get it. But to save money? Anyone know how this works?
Does anyone know the typical instal rate for these things? I see more and more people getting them in my area and are considering cost vs savings and can't imagine it's worth it for all that trouble. If you have money to burn and want to be environmentally sound I get it. But to save money? Anyone know how this works?
The panels are not so great because you can't store the energy in a batteries. If you could do that then yeah you would be saving some real money. Solar thermal can save a lot of money though. That's when you use the solar gains to heat your hot water.
The panels are not so great because you can't store the energy in a batteries. If you could do that then yeah you would be saving some real money. Solar thermal can save a lot of money though. That's when you use the solar gains to heat your hot water.
It depends on your tax bracket. There are federal, state, and city tax breaks. If you make over $80k+ a year (depending on other tax exemptions etc), the tax savings are such that you can possibly break even after only 5-7 years, after that you pretty much get free electricity, since solar panels last a really long time (they have a 20+ year warranty, but can last up to 30+ years).
Beware the scams where you don't own the units. You then contract to buy electricity at what is claimed to be at a bargain price.
The owning company gains all the tax credits.
If I had a roof with a Southern exposure (or a roof, PERIOD) I would install something that I own and operate in spite of tax breaks meaning near nothing to me.
Does anyone know the typical instal rate for these things? I see more and more people getting them in my area and are considering cost vs savings and can't imagine it's worth it for all that trouble. If you have money to burn and want to be environmentally sound I get it. But to save money? Anyone know how this works?
Solar panels are worthless in states that don't get constant sun. You'll need con ed regardless you use solar or not. Solar is not enough to power your Window AC all summer without a battery and pray that there's sun everyday. Then you'll need a $7000 battery to keep the power.
After all it's said and done you've wasted $30k to install the stuff just to save $50 a month yet in the winter you still need Con Ed.
At electricity priced at $.32.Kwhr for Con Ed, it is hard to comprehend too many scenarios where solar electrical generation is not cost effective unless run by thieves.
Quote:
$30k to install the stuff
Why $30K?
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