Monday, May 9, 2011

Solar

So couple of weeks ago our company had a solar workshop. That's about the most ingenious way to call a sales pitch. That didn't matter to me. It provided free lunch (which did not taste good at all), and I was interested in the sales pitch. Now that we have bought a new house, a hybrid car, and performed an energy usage analysis at home, solar panel seems the next logical step. Let me put it into perspective for you:

A small unit for a household cost about $35,000.

At our current rate of $35 a month, it will take approximately 1000 months or 83.33 years to break even.

Okay, that's not fair. Let's throw in the tax credit and PG&E rebate, which will knock the total upfront cost down to $25,000.

That will come out to be 714 months or 59.52 years.

Awesome!

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