On May 16, 2025, at 6:41 PM, Tom Bischoff <tbisch...@gmail.com> wrote:
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I looked at solar several times but the payback would have been 8-10yrs; which is typical. A couple of things to keep in mind, I believe they look at the last 12 months of electrical usage and your generally capped at that usage to be covered. Any use above that you will pay for it. Also the SREC's play a big roll in the payback and when I looked at solar they were at ~$150 I think, which made the payback longer than when people who had done solar 5+ yrs earlier. I'm sure they gone down and that works extend payback.
Then you have to factor in the investment you need to make now for it and the opportunity loss of that money making you money in the market and that payback extends significantly.
If you have a bunch of cash sitting around and you're in your forever home, it could be worth doing otherwise, you really need to crunch the numbers. And don't listen to the person selling it to you provide you the payback calc.
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I have been investing in and involved with the alternative energy, renewable industry for over 25 years.
If anyone is interested in learning about renewals generally and solar specifically. I am more than willing to hold a virtual conference via Zoom or answer any direct questions posed to me. Please let me know if you want me to setup a Zoom conference call for all. We could discuss how the industry has changed, where it is going and how to benefit from it now….followed by a Q&A. Please let me know.
Kevin Melly Field Energy Consultant (#481775) Cell: (201) 918-0761 Email: kevin...@sunrun.com |
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On May 16, 2025, at 8:34 PM, Tom Bischoff <tbisch...@gmail.com> wrote:
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