Quote:
Originally Posted by PR_Tom
Ah well, if you finance it with interest, then sure thats all dependant on the rate.
It's a bit harder to calculate exactly how much you'll be paying down since the utility can increase fairly often. My utlility recently announced a avg. $11/month increase in natural gas costs which they want effective April 2009. Part of the actual press release states that part of the increase is to give shareholders a better return! What pricks! 
Over 20 yrs or so, you would need to adjust your break even date at least 20 times I'd guess, and all of them in your favor. |
natural gas prices have skyrocketed the past year so in situations like you said where you convert your hot water and heating to solar then yes it helps quite a bit faster than just electricity. Due to our low electric cost and jacked up natural gas price I bought some effecient electric heaters for the main rooms of my house and only used central for part of the heating. With gas going up far faster than electric you'll find more and more people switching to electric ovens and hot water heaters.
We seriously need more nuclear power plants. We haven't built any new ones in what like 30 years? That tech has certainly been moving along since then...