Personal Finance (Not Investing) • Is Solar Worth It?

With $100 monthly electricity bill most likely it makes no sense.

It all depends on the cost.

$100/month is cheap, but that's still $1200/year.

If I can get a set up that reduces that to near 0 for half of the year, that's $600/year returns

If I get get that for $15000 investment, that's $600/$15000, or 4% a year, tax free (or >5% tax equivalent) which is probably better than I'll get from cash for the next 15 years, and partial 'electricity inflation' protection.

It also has appeal to me from a The Big One earthquake protection and retirement planning.

That's a 4% annuity that only pays for 15 years, which is a terrible investment.

The cash example has the cash returns plus the original investment.

You need about 10% per year to be competitive.

Statistics: Posted by watchnerd — Tue Dec 26, 2023 12:35 am — Replies 80 — Views 4884