How can it not? If you have a $40k system, you will make enough electricity to avoid paying for electricity at all. You will probably even get a small check from the power company every month. Add up the check and the old utility bill and I bet it beats bank interest on 40k by a mile. Not to mention you are probably eligible for some tax incentives.
RagingInside@lemmy.world 1 year ago
Hopefully my decision to drop 40k on solar panels for my house pays off then. 🫠
Octavio@lemmy.world 1 year ago
RagingInside@lemmy.world 1 year ago
I like your optimism! I do get $13,000 back in tax credit. My math says that I should get my money back in 10 to 12 years.
CameronDev@programming.dev 1 year ago
How much power are you generating?!? Thats crazy expensive! My 6kW system was 12k AUD removing the aubsidies.
RagingInside@lemmy.world 1 year ago
10kw in Minnesota, apparently one of the most expensive states in the US to get solar. I do get 13,000 back in tax credits.
CameronDev@programming.dev 1 year ago
Wow, that is insane. Even more so when you take the currency differences into account. I get why your raging inside.