Quote:
Originally Posted by thinkxingu
I'm not hearing anybody supporting solar--in my head, I was thinking with an all-electric home we could move to solar and be (almost) independent?
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A neighbor with a totally electric home went with solar panels almost two years ago. He has good south/southwest exposure, and decided to purchase his system. After Federal and State credits, his cost is approximately $20,000.
He estimates a payback of about twenty years or a $1,000 a year in savings on electricity costs. His annual cost for electricity before credits for solar was approximately $3,000.
This is a straight cost/savings analysis without considering the cost of money or removal costs after the useful life of the panels. It does not include any other credits or decrease in efficiency of the system over time.
It does show it may be difficult to become energy independent with only solar.