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SVTPerformance's Chain of Restaurants
Road Side Pub
Solar??
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<blockquote data-quote="cobracide" data-source="post: 16730256" data-attributes="member: 4644"><p>So going with the low figure of $45k - if you are paying $200 a month for your electric.. it will take you 18.75 years to get your money back. 45000 / (200 * 12) = 18.75. If you are taking a loan out for this, the number will look worse.</p><p></p><p>BTW - panel lifetime is typically 25 years. So say you are at zero cost per month billing with solar. It's now 18 years and nine months later and your solar is finally paid off. Six years and three months of free and clear electricity.</p><p></p><p>$200 * 75 months = $15000 profit over 25 years.</p><p>That's $600 a year over 25 years with no loan and paid full up front.</p><table style='width: 100%'><tr><td>Annualized ROI</td><td><p style="text-align: right"><strong>6.06%</strong></p> </td></tr></table><p></p><p>The annual sp500 return from 1957 through 2021 is 10.67%</p><p>So put your money in the stock market instead.</p><p></p><p>This is the reason I am not paying off my mortgage that's at 3.5% and investing instead,</p></blockquote><p></p>
[QUOTE="cobracide, post: 16730256, member: 4644"] So going with the low figure of $45k - if you are paying $200 a month for your electric.. it will take you 18.75 years to get your money back. 45000 / (200 * 12) = 18.75. If you are taking a loan out for this, the number will look worse. BTW - panel lifetime is typically 25 years. So say you are at zero cost per month billing with solar. It's now 18 years and nine months later and your solar is finally paid off. Six years and three months of free and clear electricity. $200 * 75 months = $15000 profit over 25 years. That's $600 a year over 25 years with no loan and paid full up front. [TABLE] [TR] [TD]Annualized ROI[/TD] [TD][RIGHT][B]6.06%[/B][/RIGHT][/TD] [/TR] [/TABLE] The annual sp500 return from 1957 through 2021 is 10.67% So put your money in the stock market instead. This is the reason I am not paying off my mortgage that's at 3.5% and investing instead, [/QUOTE]
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