This system is expected to generate about 500-550 kWh per month on average. That will end up being about 2\/3 of our electric bill.<\/p>\n
That makes the payback for the system about 15-20 years, depending on how quickly electric rates increase during those years.<\/p>\n
However, some studies that my installer provided (and that I’ve seen online) state that solar electricity systems have a payback in property values of 100%. The only other home improvement project that has a 100% payback is a kitchen remodel (pools are about 60%, decks about 40%).<\/p>\n
You really have to have a motive other than cost savings to put this stuff in – otherwise it’s too expensive. In my case, it’s to increase the ability to generate electricity in a clean manner. For every watt of electricity that I generate, I’m most likely saving generation of a watt through some polluting method – natural gas, oil, coal, etc. There’s some pollution involved in making the solar cells in the first place, but that’s some smallish percentage of the pollution avoided in their use.<\/p>\n
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