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16 June 2019, 08:08 AM | #31 |
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Join Date: Apr 2010
Location: Earth
Posts: 2,406
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I did it, payback was like 18 months.
But it was more about not worrying about it honestly.
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16 June 2019, 04:26 PM | #32 | |
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Location: California
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17 June 2019, 06:19 AM | #33 |
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Join Date: Mar 2006
Real Name: Tim
Location: Kapolei Hawaii
Watch: Blue Sub, YM16623
Posts: 1,363
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Being that Hawaii has the highest electricity costs in the US it was a good move for my family. We installed 27 panels back in 2012. Initial investment was $38K. Immediate tax credit was $25K. The system paid off the net costs in less than 5 years. I sell back to the grid and generally every year get a rebate back. During rainy and cloudy months I still have a small monthly utility bill, under $100, depends on A/C use. But the majority of the year I am producing more than using and my bill is only an administrative charge of $25. So far this year my total electric bill has been just over $100 for 6 months. Which is awesome considering I was averaging over $300 per month before installation. Very popular option in Hawaii, But certainly one would have to run the numbers if it is a good investment for their area. Good luck. Tim
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