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DesignRemote t1_jdtyk41 wrote

Reply to comment by darkrom in Rep. Boylan introduces bill requiring solar on new construction by GhostOpera406

The price of electricity doesn’t go down. It goes up every month.

Let’s say the system cost 20,000 total. After government rebates . Let’s use say the Current electric bill is $200 a month. That’s 2,400 a year. Plus the electric company pays me monthly for the power I create about $100 a month. So 1200 per year.

So it would take you about 5/6 years to break even. At todays electricity prices

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Status_Silver_5114 t1_jdurbfp wrote

We were already paying less than our Monthly bill has averaged out to since day 1 so were already saving money. Paid off in year 4. So yes we have free electricity. Not to mention the environmental impact. Healthy tax credits for installation and a state grant as well made paying it off even easier.

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Status_Silver_5114 t1_jdus66n wrote

Also we make so Much extra by the summer we have $100-200 in credits to work off of even before it gets super sunny so the price increase doesn’t impact negatively- our net metering credits take care of that. As I said we don’t lease. A lease says company x puts your system in for free and you pay a lower fixed amount (ie we have friends in Wakefield who leased and pay 70 a month which is still lower and they didn’t have install costs).

We’re getting a battery this month and RIE then sends us 1400 a year to have us run on battery when there’s stress on the grid on hot days.

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