Meandering
Elite Member
- Joined
- Feb 26, 2006
- Professional Status
- Real Estate Agent or Broker
- State
- Pennsylvania
One of the classes I took in "Green Building" admitted that it would take something like 10 years to recoup the cost of a solar power system on a house. The problem is, most homeowners average only staying put in one house for a period of around 5-6 years. I think it is normal human behavior for Americans to get their reward (money savings) immediately when they buy a home; they aren't going to hold onto a home long enough, so that they can begin to reap all the rewards of their solar power system.
I have a neighbor who installed a solar power system on his home about 2 years ago. He doesn't use the power actually generated, but receives a rebate on his power bill for the energy generated by the system. He doesn't usually have approving comments to say about his investment. He says what he gets back from the power company is pretty minimal and he has to try to use power at non-peak times to make his returns reasonable in the least.
$20k for solar panels.
$12.95 for a clothes line rope.
Same savings - Same life expectancy.
Wait for you neighbor to have to pay for the disposal of the solar panels that are toxic waste. Those minimal savings will be erased real quick.
.
