Quote:
Originally Posted by NeilBlanchard
We have two electric cars, and we drive a total of about 2,500 miles a month. When we charge both cars, it takes about 80kWh. Which around here would costs $17.50.
The system was about $38,500. The payback is calculated by their spreadsheet, and it includes the 30% federal tax rebate, the $1,000 Mass state rebate, electricity savings, and SREC's. The SREC's will pay us about $2,000-2500 a year.
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We will be apply much of the tax rebates to the loan, which is bring down the monthly payment substantially.
Remember, we burn very little natural gas, because we heat mainly with the mini splits. And we use our one gasoline car only 50-100 miles a week. Those are big savings, that aren't part of the calculations.