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Old 02-15-2013, 01:15 AM   #3 (permalink)
fb_bf
Electric MG Midget
 
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Join Date: Apr 2012
Location: Colorado
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I'm not sure if you mean my paypack time for my solar panels or my electric car. For my panels it will be about 12 or 13 years. For my car, it probably won't happen. I would need to drive closer to 10,000 miles every year to pay back in 5 years. The midget I was driving before got 30 mpg, so the savings on gas for 5,000 miles per year isn't that much. The cost of batteries is still too high to justify this on economics along. Even with the generous rebates given in Colorado for converting the car to electric, the payback is still many years out. I had a lot of enjoyment researching, engineering , and building the car, so I count it as entertainment along with not having to pay for gas. I wish I could say it was saving me money, but it's not quite reality yet.
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Frank '77 Electric MG Midget www.electricmgmidget.com
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