Posted by donjr on January 06, 2018 at 20:45:21 from (71.179.251.176):
In Reply to: Solar electricity posted by 37chief on January 06, 2018 at 20:09:37:
We had solar installed about four months ago here in N. MD. The comps used had three ways of paying for it. We could lease it, and it would drop our bill to about $20 a month. They got the savings on El which paid them back (the 'lease' payment), we could purchase the system on time over 15 or 20 years, or we could purchase it outright, which we did. The cost was something around $16k, and after rebates and discounts for cash, dropped it to around $12k. Cash talks- crap walks.... It cut my EL bill to less than $200 a month from about $250, we get a tax credit from the county and some kind of tax break from the feds. It's not free, but does have a payback of about 4 years. Make sure you shop a few companies. We were warned about one outfit,and found out a buddy did use them to put his system in. They put a fan in his shop, and 6 fewer panels than we got, but for more than twice as much as we paid.But, in the long run it will be worth it. My bill has dropped by over $200/month...
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