We looked at solar as we have it on our main home in the UK.
We thought it had to be a great option given all that sunshine in Florida.
But the scheme in the UK was different and we could not make it work on our home in The Villages. The main reason for us was that we could not benefit from the tax breaks.
If we had the tax breaks it did cost in. In the UK the government pay us for each unit we produce even if we use it ourselves. The rate per unit is very generous. We also get half of all units paid an extra fee on the assumption we feed it back onto the grid. We had to fully fund the initial installation in the UK. Our returns over the first 8 years even allowing for growth on our investments and other factors, was passed break even.
So with that in mind we thought about it for the US house for a while and the issue that finally swung us away from it was the potential structural issues.
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