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Politics : Mainstream Politics and Economics
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To: Wharf Rat who wrote (82725)9/24/2020 3:15:23 PM
From: TimF  Read Replies (1) of 85487
 
Let's call it 15K. That's $500/year for a 30 year mortgage. The average electricity bill is just over $100/month, so the owner is saving $700/year.
That assumes $15k, including installation costs and later maintenance, repairs or replacement over 30 years, produces enough electricity, when people want the electricity to replace all the electricity most people would use. It doesn't, esp. if you want electricity at night or on cloudy day.

If you have very minimal low electricity usage then maybe its covered but then you electrical bill would have been lower anyway. And you still have times when your solar installation isn't producing. If you want storage that adds more to the cost.
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