Quote:
Originally Posted by retiredguy123
A few points:
1. You did not include the time value of money. The $35,000 initial cost, invested at 5 percent for 10 years would generate $17,500 in income.
2. Many people in The Villages spend less than $3,500 on electricity per year. My electricity cost is only about $1,200 per year.
3. No small contractor can possibly service a 25-year warranty. It is unrealistic. They probably won't even be in business in 25 years.
4. I don't agree that the value of the house will be increased, especially after 10 years, when the roof will soon need to be replaced, and which will require a solar contractor to remove and re-install the solar panels at a cost of about $4,000-$5,000. I don't think a homebuyer will pay an extra $24,000 for a 10-year old solar system. Most people don't want one at all.
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We can agree to disagree. Some people like pools, some don’t so they add value for some and detract for others. My main point is they add value at some level, i.e. on an annual basis the home will have little or no energy bill. I agree you must be careful in choosing a vendor which is why we went with Tesla.