Friday, April 1, 2011

You Can't Afford to NOT Have Solar Panels

My 6.2KW (950KWH/month average) grid-tie solar system cost me $13,200 after government rebates. You say, "But I can't afford solar panels! That's too much money". What if that cost was rolled into your home loan? A 30 year 5% interest mortgage with $13,200 rolled into it will go up $70.86/month. That's $15/month less than paying for the same amount of electricity at 9 cents per KWH, and you are reducing pollution in the process.
Congratulations! Not only can YOU afford solar panels, but in the process, you will make your electricity bill tax deductible, and keep the price of your electricity fixed for the next 30 years. How's that for saving money?

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