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SVTPerformance's Chain of Restaurants
Road Side Pub
Solar??
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<blockquote data-quote="sleek98" data-source="post: 16730390" data-attributes="member: 144145"><p>Yes if your payment over 20 years is less than your average bill you are saving money. but its not a lot.</p><p></p><p>If your average bill is 250, let use 235 since you will typically have a small fee, and the system cost you a net of $29,000 after rebates Your break even is 124 months. After that you are saving $235 a month for the next 176 months (25 year useful life of the system) for a saving a total of $41,360 over the next 25 years, or saving $138 a month over the entire 25 years.</p><p></p><p>If you take a loan at 3% interest over 20 years. Your payment would be approx $161. If we are still using the same $235 a month savings, you are now only saving $74 a month while you have the loan then $138 a month for the last 5 years. So by taking out the loan you are still saving money over no solar, but a good chunk of it is going to interest.</p></blockquote><p></p>
[QUOTE="sleek98, post: 16730390, member: 144145"] Yes if your payment over 20 years is less than your average bill you are saving money. but its not a lot. If your average bill is 250, let use 235 since you will typically have a small fee, and the system cost you a net of $29,000 after rebates Your break even is 124 months. After that you are saving $235 a month for the next 176 months (25 year useful life of the system) for a saving a total of $41,360 over the next 25 years, or saving $138 a month over the entire 25 years. If you take a loan at 3% interest over 20 years. Your payment would be approx $161. If we are still using the same $235 a month savings, you are now only saving $74 a month while you have the loan then $138 a month for the last 5 years. So by taking out the loan you are still saving money over no solar, but a good chunk of it is going to interest. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Solar??
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