Quote:
Originally Posted by shovel
if the system costs $43 per month and offsets $44 per month worth of grid power, it's saved me a dollar no matter how you slice it. Is that correct?  |
Probably not. You'd need to know for sure what the $43/mo figure is. Is that just the monthly payment for the loan he took out to buy the system? Was there a down payment? When the loan matures, how much equity will be left in the solar system?
If there are enough tax credits available, the numbers might work out in your favor. And even if the system doesn't save money, you'll still feel good about it.
Let us know the results of the assessment.