Quote:
Originally Posted by woj
this isn't just a "loan"... it's getting a loan to buy rapidly depreciating, degrading (power output degrades by 0%-4% per year), expensive to maintain/repair equipment sold by a company that is losing $$ each year (so after gov subsidies dry up there is high likelihood of them going out of business)
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but it does not matter because when he say he paid between 150 and 450 per month
it means that he paid in avarerage 300 and now 117 - what is already a difference of 183 per month or 2.196 per year.
not added yet the tax advantage (what i donīt know how much it is) not added yet an inflation rate over the next 20 years what will bring that costs down again because while energy costs will increase and currency losing value he still have to pay only the 117.
within the 20 years the costs for a house solar will also decrease so at the end of the time he safed that much money that he can buy 2 or 3 new ones.
not metioned yet the effect on the environment.
my father in law installed such a system 10 years ago IN GERAMNY when it was still expensive and not that much ective as the new ones. he was on ZERO already 6 years ago because he is selling the overproduction into the public net. means: he does not have costs for electricity but GETS evenry month money from the overproduction.
now is germany not the country well known for a lot of sun and the technology is 10 years old but since that day he never used even one kilowatt from the electricity company.
so it works - and this is nothing very new.