re: Getting solar panels today!!

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Just with these numbers you'll pay off your $5,000 out of pocket within 50 months, plus or minus a few months.

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Sounds about right. What a terrible idea to have solar panels paid off in 4 years and they should last you at least another 25-30.

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Now, when you take into count that energy fuel prices rise 3-4% per year, I'll be paying and additional $1,000.00 in 6 years for my current energy consumption, without solar panels.

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Are you saying this in favor or against solar? To me, this makes the decision that much easier. The $100/month those panels saves you today will save you $200/month in 10 years or so when you look at inflation.

Also, you can get bigger than a $25k system. It's just that LA caps the state tax incentives at $25k if I'm not mistaken. The Federal 30% credit goes for however much the system costs. SO you could completely wipe away your bill if you wanted. The ROI would take longer w/o the state tax on the amount over $25k, but as you have illustrated with inflation, you're saving yourself a lot more money as time goes by.

It's why I can't believe everyone that owns a home in LA didn't run out to buy solar panels. Last year 80% of the cost of the system was covered. This year, it's 68%. I wouldn't wait any longer.

Here in Hawaii, they are going to be lowering the state pretty soon. But our rates avg $0.37 or so per kWh and so it's the biggest no-brainer possible here. Lots of sun, high electric rates, and great tax incentives right now.