Quote:
Originally Posted by Axaday
I just ran numbers on $1 per watt and it looks like a 30 year payoff for me. I'd rather have money in the bank. I know electricity prices are going up and will continue to go up, but that doesn't sound like a sure bet to me.
At $1 per watt, on the other hand, sign me up ASAP.
|
I don't really understand this statement
Electric here is $0.11 per kwhr
$1 per watt means $1000 per kwhr capable panel 1000watt an hr =1kwhr
$1000/$.11 = 9090.90 hrs to payoff
9090.9090 / 8 hrs of light a day / 365 = 3.09 years to payoff
Obviously assuming there is no inverter, battery packs, ect.
What am I missing?