Quote:
Originally Posted by Sooner or later
You are actually paying more than $400 a year.
What is the opportunity cost?
How much did your solar array set you back? If that were to be invested/saved what would be the annual return?
I am sure it is a net positive even with loss of investment.
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All good points. I looked at all the numbers and considered the solar system as part of my investment strategy. At my stage in life, I'm not going to be making even moderate risk/moderate return investments, let alone trying to get 10% returns. I'm sticking with safe, low risk/low return investments, which affects the opportunity cost.
At the time I bought the solar system CDs were paying 1.5 to 2 percent. Zillow's data showed a solar system increased the resale of homes by about 4%.
So yes, what I
pay annually isn't necessarily what the investment
costs, but I think I'll come out way ahead.