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wdfifteen wdfifteen is online now
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Join Date: Mar 2008
Location: SW Ohio
Posts: 29,249
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Help me figure this out ...

Just bought a place that is all electric. They pay $3600 a year for power - heat, cooking, AC - everything. There is no gas service, so if I had it plumbed for propane, I would still be paying about $500 for basic electrical service.
I need more space for my stuff (3 cars, shop, etc), so I need to build a structure (gotta have at least additional 2 car space). Here is where it gets complicated.
I'm 75 years old. I don't expect to be "living" in the sense that I am now in 10 years. Who knows if I'll even own my cars and $hit, even less care about them.
How much should I spend on a building and solar panel installation? We expect (hope) to be here 10 years. That's $36000 in electric bills or in other words, $36000 investment in solar panels plus the building to break even.
As more people go solar, the price of gas will come down, but I don't expect gas to be available out here in the next 10 years if ever. Zero cost of power could be a big selling point when it comes to time to be shipped off to "the home."
I dunno, live for today - put the money into my dream shop (again) and hope it doesn't have me living on cat food someday in the future,
OR be cautious and plan to definitely and for sure to outlive my assets and not be a burden.
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Old 05-29-2025, 06:18 PM
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