Quote:
Originally Posted by retiredguy123
All I am saying is that the potential investment value of the initial cost of the system is very important, but it is almost never included in any financial calculations by those who promote solar systems. If I were to invest $20,000 at a rate of 4 percent for 20 years, I would have more than enough money to pay all of my electric bills for the 20 year period.
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A $20,000 investment in a 4% annuity pays $1,472/year for 20 years. Is your electricity bill lower than $1,472/year? Also, $1,472 is less than the $1750 of electricity I produced.