Quote:
Originally Posted by 12clicks
its a government boondoggle that is already starting to unravel in some areas.
If the government wasn't involved, it would be completely unaffordable. If the price of energy you sell back drops, your investment just changed to a 40 year return.
The guys doing it for free are gambling with the government's handouts. They may win in the short term but its a house of cards.
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A 3k sq foot house costs roughly $8-15k to have solar installed.... divide that over 5 years and it's cheaper than your electric bill is monthly, meaning it instantly starts returning on the investment, without a single tax break - and it instantly increase the value of your house - paying for it again when you sell the house.
The buy back is a bonus, you don't need it to get a return on your investment.
It helps States to get people on Solar, the tax benefit helps us in the long run more than it hurts... they're helping resupply the very over used power grids and they take none off of it, decreasing the strain on it.