Quote:
Originally Posted by retiredguy123
Don't forget that, if you invest the $40,000 at get a 4 percent dividend, you will always have the $40,000 in principal. But, if you spend it on a solar system, the system will decline in value every year until it is worthless. And, when your roof is 15 years old, you will need to replace the roof and pay the solar contractor several thousands of dollars to remove and re-install the solar panels to install a new roof.
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Hi retiredguy123
Appreciate the conversation.
One question -
how much will you be spending on your electric bill for the rest of your life? Is there ever a "break even point" where the utility will no longer charge you for their investment in digging up the fossil fuels, generating the electricity, or transmitting to your home?
If you look at solar as an investment vehicle, it's better to put the money into something that will give you 4%.
One thing I need to correct. The American made panels have a linear production guarantee lasting 25 years. They will be 86% as efficient at year 25 as they are on day 1. You would not remove and replace them after 15 years.