eepete
Platinum Member
Ken, I agree with what you say and numbers don't lie. If I put that money in North Carolina municipal bonds and if I could get 5% that would then be tax free state and federal, it doesn't make sense economically and at best might break even over the life of the equipment. If I can only get a few percent and it's taxed, it can still makes sense. If electric cost go up, it makes more sense.
There is, as with any decision to spend money instead of save it, a subjective portion. It's a fun project, various people are doing it and the like. Some projects I'm working on tie into this, and knowledge gained might lead to some income some day. Much like many tractor owners might be better off to contract out any work they have than to buy the tractors, implements, sheds, and do maintenance, they elect to buy the tractors. If it's close they are happy. Early adopters of home computers certainly didn't get their money's worth. My geothermal heat pumps are way over priced, giving me a 8 to 10 year payback. Same on insulation. My economic choices with the PV array are no more silly than any of the above. Given my options for investing and my costs, and given what I expect electric rates to do in the south in the next decade, I still expect a break even point of about a decade on this.
I don't want to take my situation and extrapolate it out and say that solar is economically feasible today. Like so many discussions on tractor stuff, this is what works for me. I very much agree with your last sentence. But if as an early adopter I can be part of the trend to make the cost go down, and then these PV arrays (grid tie systems) can fill their little niche in the energy picture, and in the process create jobs in the USA, then my payback is far more than just money. If man made global warming is not an issue, I had fun and it wasn't a pile of money. If there is something to it, I'm part of the solution. These sorts of scenarios are the ones I'd like to see people focus on.
I know the government programs manipulate the results. But there are so many programs in so many areas that I don't know how to deal with it all. Remove all crop subsides, energy subsidies (oil, gas, solar, wind), R&D subsidies for companies and who knows what the world would look like. If I had my druthers, I'd phase them all out since I think a free economy works better. I always vote, and follow the various climate change data as it unfolds. Sometimes you take more of a beating by being in the undecided category than by taking a stand.
Anyway, let me close by referencing my earlier post. I'd rather do something than spend too much time on what's the real answer. I'm more concerned with the long term for all than a little more money for my estate.
Hope this makes sense...
Pete
There is, as with any decision to spend money instead of save it, a subjective portion. It's a fun project, various people are doing it and the like. Some projects I'm working on tie into this, and knowledge gained might lead to some income some day. Much like many tractor owners might be better off to contract out any work they have than to buy the tractors, implements, sheds, and do maintenance, they elect to buy the tractors. If it's close they are happy. Early adopters of home computers certainly didn't get their money's worth. My geothermal heat pumps are way over priced, giving me a 8 to 10 year payback. Same on insulation. My economic choices with the PV array are no more silly than any of the above. Given my options for investing and my costs, and given what I expect electric rates to do in the south in the next decade, I still expect a break even point of about a decade on this.
I don't want to take my situation and extrapolate it out and say that solar is economically feasible today. Like so many discussions on tractor stuff, this is what works for me. I very much agree with your last sentence. But if as an early adopter I can be part of the trend to make the cost go down, and then these PV arrays (grid tie systems) can fill their little niche in the energy picture, and in the process create jobs in the USA, then my payback is far more than just money. If man made global warming is not an issue, I had fun and it wasn't a pile of money. If there is something to it, I'm part of the solution. These sorts of scenarios are the ones I'd like to see people focus on.
I know the government programs manipulate the results. But there are so many programs in so many areas that I don't know how to deal with it all. Remove all crop subsides, energy subsidies (oil, gas, solar, wind), R&D subsidies for companies and who knows what the world would look like. If I had my druthers, I'd phase them all out since I think a free economy works better. I always vote, and follow the various climate change data as it unfolds. Sometimes you take more of a beating by being in the undecided category than by taking a stand.
Anyway, let me close by referencing my earlier post. I'd rather do something than spend too much time on what's the real answer. I'm more concerned with the long term for all than a little more money for my estate.
Hope this makes sense...
Pete