pokerboy57
Silver Member
- Joined
- Aug 31, 2010
- Messages
- 119
- Tractor
- John Deere 3320
I looked and looked and looked at solar because in Florida I pay .12 kwh. 2 items to consider. .
1. The cost of electricity will only go up. So it's .12/kwh today. I was told , but didn't not verify that you can expect a 6% annual cost increase year over year (averaged over a 10 year period). After ten years the cost is a little less than double the original cost. So the good news is , over time you will save more money.
But
This is the bad news. In Florida the solar model assumes peak electrical production of 5 1/2 hours per day. For those living farther north I assume that the average would be less. In conclision, I didn't find a financial model which showed a return on investment I was willing to accept.
1. The cost of electricity will only go up. So it's .12/kwh today. I was told , but didn't not verify that you can expect a 6% annual cost increase year over year (averaged over a 10 year period). After ten years the cost is a little less than double the original cost. So the good news is , over time you will save more money.
But
This is the bad news. In Florida the solar model assumes peak electrical production of 5 1/2 hours per day. For those living farther north I assume that the average would be less. In conclision, I didn't find a financial model which showed a return on investment I was willing to accept.