I talked to a guy I used to work with over the weekend. He told me he just paid $39,000.00 to have his home "converted" to solar power. Of that $39,000.00, the government only gave him a $9,000.00 credit. It still cost him $30,000.00 out of pocket. He seems to think he'll get it all back, and then some. But I just don't see how.
His house is about the same size as mine, and my worst electric bill in the dead of Summer runs around $250.00 a month. And we don't sweat. We keep the thermostat at 79 in the day, and 78 at night. In the Winter it's sometimes as low as $75.00 a month, and that includes running my pool pump.
$30K buys one hell of a lot of electricity, even at today's high rates. I didn't say anything, but I just don't see how you can make out on a deal like that. Not to mention one big hailstorm and it's game over for your roof mounted solar panels. And from what I understand, most homeowners insurance plans don't cover that kind of damage. I think in the future when the technology gets better, and the panels put out more juice and last longer it might pay off. But not now. Not at those prices. Do you guys know anyone who has it and is getting their money back?