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Originally Posted by cbacba
At roughly the cost of solar panels and reroofing considerations, one finds that modern day panels would cost almost $100,000 US.
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Hi Cbacba,
You could actually purchase a unit to run the average home for just under $30,000 (reroofing is not usually necessary) and Uncle Sam and most states provide about $10,000 is credits to offset the costs. So, for $20,000 most people would be up and running and probably adding power to the grid -- depending on their sunny days that is. For someone like me that has a bill closer to twice your estimate the savings are profound. Add to that the increased value it adds to your home, the added security of being that much more self-sufficient and the feel-good tree-hugger aspect and it makes sense.
As you stated, it comes down to economics. It is a clip initially but you can finance it and write off the interest...according to my figures, for most people, it would be a win-win situation...unless it gets unusually cloudy -
- which is a possibility.
~Paradox