Quote:
Originally Posted by Bay Kid
This for the home, not a pool. My son-in-law is considering because his electric bill is over $500. per month (pool, kids and lots of house). Located in Va. Got his 1st quote around $56,000. Placed on a metal roof. Seems like very high, but they told him it will pay for itself in 6 years.
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Do the math:
$56,000/$500 = 112 months/12 = 9.33 years.
So, even if the electric bill goes to zero, and you consider the lost opportunity investment value of $56,000 to be zero, it would take more than 9 years (not 6 years) to pay for the system.