Comments on: Solar power that pays back fast Global environmental challenges Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 By: Jay Thu, 30 Jul 2009 15:22:34 +0000 I totally agree with the comment posted by David. I have come across such price quotes on various renovation projects I have reserached and undertaken on various residences. “You better shop around” and work directly with the manyfacturers avoiding greedy middlemen and get a contractor who charges you a decent labor cost(debatable on what you consider decent-but in my experience, I gladly paid a sincere person and it is easy to identify one with a little effort) – these have all been the lessons I learned.

I am in NJ and am interested in knowing how this can be adapted to average households in middle class neighborhoods, without ripping the end user off his hard earned savings. I know for a fact, most contractors here are greedy in getting your money but shoddy in their workmanship or business ethics.

By: David Thu, 30 Jul 2009 02:59:24 +0000 Sorry, hard to understand how anyone has a $3500/month electric bill. Perhaps it is time to learn to close the windows before turning the air conditioning on.

The solar panels, at retail, would cost about $165,000. The inverter(s) would run about $35k to $40k, throw in $25k for the rack and other hardware, you have materials that cost (retail price now, not manufacturers costs) $225k.

Their capital outlay, $225,000 financed for 18 years equals to something like 9.5% interest to get to a payment of $2150. So, it seems clear why the bankers are lined up for this business. How else can you charge 9.5% interest on a secured 18-year loan?

If you don’t like that analogy, then consider it this way, they are charging $150k to install the system plus they should already have earned some profit on selling the $225k of materials.

Nice… Too bad “green tech” seems to draw the greedy bankers out of the woodwork and not patriots working to restore this countries independence.

By: Sebastian Wed, 29 Jul 2009 19:18:25 +0000 Ok, shoudn’t we be asking this: how oh how can this guy have an electric bill this high?!?! hmm, maybe that is part of the general problem….

By: 12 Weeks Pregnant Wed, 29 Jul 2009 11:24:43 +0000 It looks interesting but does it still work if you have a much lower monthly electricity bill?

By: MMY Wed, 29 Jul 2009 02:34:06 +0000 Another of my thought inventions has already been achieved – solar microfinancing. It’s basically a mortgage on a $375,000 investment with monthly service of $2163 with $1,000 down. Of course it’s not a consistent amount, due not only to seasonal solar output, but fluctuation in energy prices. It would be interesting to see what range of these variables a business model anticipates.

@$2,000/month for 18 years, that’s a total of only $432,000 over the life of the system. That’s pretty much a zero interest loan.

A dramatic rise in energy costs must be assumed.