Quote:
Originally Posted by Bill14564
But the $11,000 would not have been invested at 5 percent per year. Interest rates have not been that high for the past nine years (and are not that high today) and 5 percent per year would just cover inflation so there would be no effective gain. Besides, by now all of that $11,000 would have been paid to SECO or Duke.
I wonder if the additional cost for removing and reinstalling the panels would be much different than the variation in cost for grades or colors of shingles. Basically, is the amount in the noise? And since the panels would keep much of the roof in the shade, the shingles would not degrade as quickly and might hold up longer. Then you could consider the time value of the replacement money if it was invested at 5 percent for an additional year or two.
|
Do you have solar panels on your roof?
I don't because it sounds like a bad investment with high risk and a low potential for return. Even at $11,000, which is low, that would be enough to pay my entire electric bill for about 9-10 years, assuming the money is invested.
A few other points:
What happens if you have a roof leak and no roofer will touch the solar panels? Will the solar company repair the leak?
How many small companies can afford to service a 25-year warranty? Is the warranty transferable?
How many buyers will you attract with an older solar system? Some buyers, like me, will not even consider buying a house with solar panels.