I will say part of the decision of putting in solar is economics. And with recent declines in cost, the economics are looking pretty good.
In my area of central Texas, with my weather, my roof tilt, and my latitude, one watt of installed solar will generate 1.43kw-hours of AC coming out of the inverter. I pay 9.4 cents per kwh (or 0.094 $ per kwh). With this information, and knowing the cost of your instillation, it is easy to calculate the return on investment. My local company is quoting a grid-tied instillation 4kw system cost of $12,400. This works out to $3.10 per watt. So each watt of installed solar will generate 0.094 x 1.43 = or 13.4 cents of electricity each year, while costing $3.10. This yields a return on investment (ROI) of 4.3%. This is better than I could get buying a CD at the bank, but less than I could get wagering in the stock market. BUT if I take the 30% federal solar credit, my cost of installation drops to $2.17 and my ROI goes up to 6.1% That is pretty good for a risk free & tax free investment.
In my area of central Texas, with my weather, my roof tilt, and my latitude, one watt of installed solar will generate 1.43kw-hours of AC coming out of the inverter. I pay 9.4 cents per kwh (or 0.094 $ per kwh). With this information, and knowing the cost of your instillation, it is easy to calculate the return on investment. My local company is quoting a grid-tied instillation 4kw system cost of $12,400. This works out to $3.10 per watt. So each watt of installed solar will generate 0.094 x 1.43 = or 13.4 cents of electricity each year, while costing $3.10. This yields a return on investment (ROI) of 4.3%. This is better than I could get buying a CD at the bank, but less than I could get wagering in the stock market. BUT if I take the 30% federal solar credit, my cost of installation drops to $2.17 and my ROI goes up to 6.1% That is pretty good for a risk free & tax free investment.
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