dtbaker61
Well-Known Member
- First Name
- Dan
- Joined
- May 11, 2020
- Threads
- 126
- Messages
- 4,822
- Reaction score
- 4,525
- Location
- santa fe,nm
- Website
- www.envirokarma.org
- Vehicles
- MME (delivered 2/26/21), DIY eMiata BEV
- Occupation
- Solar Sales/install
That was excellent, and THAT is why (at $0.11 per) at 65 I can't 'go solar'. ....BUT, it means that it costs very little to drive our 2 MMEs, about 3.2 cents per mile.
It is still worth taking a very close look and understanding the difference between 'average' solar that typically has 10-12 year parts-only warranty, and 'premium panels' that have 25 year transferable parts and labor warranty, half the degradation rate mentioned by @Nklem . The key to 'appraisable value' is the Warranty; read it closely. Insist on panels that have a 25 year parts & labor production warranty, and a degradation rate <.6% /year.
regardless how old you are, or how soon you plan to sell your home, if your annual savings / net investment after tax credits yields 7% or better.... why wouldn't you do it?
I'd be willing to bet you have at least $30k in some holding(s) in your Portfolio that are earning you less.... I did. I sold'em, bought Solar, and consider it a solid move, especially when you get the tax credit back and dont have to pay capitol gains on the savings 'dividend' after that!
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