Posted by Geo-TH,In on July 14, 2015 at 16:40:46 from (172.77.229.156):
In Reply to: solar power? posted by KEH on July 13, 2015 at 17:03:19:
Indianapolis airport claims to have the largest airport solar farm. Impressive size.
When I invest my money I expect to get a good rate of return. If you get 5.75% compounded annually, at the end of 12 years every dollar you invest will double.
So if you invested $15K in a solar or alternative heating system, $15K will become $30k in 12 years. Another 12 years later, $60k. Another 12 years, 36 years later, you will have $120k. Now you will have to pay taxes on earnings, but get my point. If it's really a good investment, it needs to pay you a good rate of return on top of the initial investment.
Use a compound calculator, put in a reasonable rate of return. Your investment must not only pay for itself, it needs to make you money.
If you don't believe me, talk to a financial adviser and see if he would tell you to invest in solar panels.
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