Quote:
Originally Posted by gregpark
Your electric by itself is $240 a month? That's close to what my bill used to be and I paid 29K to go solar. I have 29 315W panels. I figure mine will pay for itself in 6 to 7 years (cash, not financed).But this feeds the grid, if you want storage too (batteries) you can add another 20K
|
Your bill was close to $240 per month, you paid $29k for solar, and you expect the system to pay for itself in 7 years.
$240 x 12 = $2880 per year.
$2880 x 7 = $20,160 (total cost of electricity for 7 years with old system)
if your electricity bill went to zero after the switch to solar, that would still leave you about $9k short of break even after 7 years.
So I assume you make more electricity than you use and sell it back to the grid and the electric company is sending you a check for $107 each month.
Is that correct?