View Single Post
Old 11-16-2019, 09:15 AM   #25
FlyingScot
Senior Member
 
Join Date: Jun 2016
Location: Tuftonboro and Sudbury, MA
Posts: 2,208
Thanks: 1,108
Thanked 934 Times in 576 Posts
Default

Quote:
Originally Posted by thinkxingu View Post
Similarly, a solar array to support our needs is essentially impossible.


Sent from my SM-G950U using Winnipesaukee Forum mobile app
Solar can still be extremely helpful (and a great financial return!). I am all electric in Mass, with mini-splits for heat. I have a solar system on the roof that provides about 2/3's of my power needs. The solar power generated is netted out automatically from my bill each month--I run a surplus in the Summer, generating a large credit on my bill, then the surplus is worked off during the winter months.

The financials on this are amazingly good--the IRS refunds 30% of the cost of the system on tax day (going down to 25% next year), then you save thousands of dollars per year after that. My whole system will be paid for in 6 years, the annual return on investment is ~18%
FlyingScot is offline   Reply With Quote
The Following User Says Thank You to FlyingScot For This Useful Post: