8th Annual Solar panel Brag.

egor

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I almost forgot to take the annual reading to see how I am doing on my solar investment.

So as of today I have produced 601 days or 1.64 years of my own power in the last 8 years. Plus I have put 0.37 years of power back on the grid. The other way to look at this is I have used 601 days of the power and 136 days like putting the power into a battery.

So on a $25,000 investment I have gotten $21930.19 back from it in 8 Years.
 
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LePew

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Hey, that sounds pretty good! Almost at break-even ;)
 
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dogboy

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Well done. Eventually you'll be over the hump and into the plus column.
 
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fleckothefennec

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egor said:
I almost forgot to take the annual reading to see how I am doing on my solar investment.

So as of today I have produced 601 days or 1.64 years of my own power in the last 8 years. Plus I have put 0.37 years of power back on the grid. The other way to look at this is I have used 601 days of the power and 136 days like putting the power into a battery.

So on a $25,000 investment I have gotten $21930.19 back from it in 8 Years.
That's great 😁

My panels provided all my power needs including a small freezer this summer. Only had to run my generator around once a month.

The days are too short now and the forest is blocking too much light so I'm having to run my generator a bit.

Soon though I will be investing in a "stream engine" and will have all the power I could ever want 😀
 

tommytemper

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so without it you would be almost $1000 a month for electricity? is this for just your house or are you running a business that uses a lot of electricity?
 
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egor

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tommytemper said:
so without it you would be almost $1000 a month for electricity? is this for just your house or are you running a business that uses a lot of electricity?
I do not understand your math?

I guess I should add most of the money gained is the tax credits and annual incentives for the first 6 years.
 
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tommytemper

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I didn't know that the tax credits and incentives were included in it, personally I would have subtracted the tax deduction from the install cost. I was just figuring 1.64 years plus .37 years = 2.01 years worth of electricity. So $21930.19/24(months) would be $913.75 per month. Which is closer to $900 but originaly I was just estimating it in me head.
 

Gary99

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Whoa, wait a sec. $25K eight years ago is not the same as the $21K in payback dollars. You are forgetting the time value of money and the investment you could have bought 8 years ago for $25K. Plus that solar power system is a depreciating liability. Just some food for thought.
 
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