I use about 5500 KWH.at the moment. One installer suggests a 12 panel system of LG2320's to approx zero out my electric bill. Two other installers suggest 20 panel systems of LG300's or Silfab280's. All 3 on micro inverters., no shade, SouthWest orientation I get a $1000 tax credit, the 30%Federal credit, and will sell SREC's for 10 years=maybe $13,000. With netmetering and I have a friend in town who will buy the excess $1000 ofannual electicity. Since the fixed cost of cabling, engineering, meters, install are close for a 12 or 20 panel system, it seems to make a lot of financial sense to go with a 20 panel system, which will also look better on my roof than 12 panels.
Apparently I can also get the 30% Federal credit on replacing my roof before I install the panels.
Am I missing something here ? I have the cash to pay for the system. The payback is about 5 years, roughly a 20% return on investment. This is waaay better than what I can do in the stock market. This seems too good to be true. Again, am I missing something?
Apparently I can also get the 30% Federal credit on replacing my roof before I install the panels.
Am I missing something here ? I have the cash to pay for the system. The payback is about 5 years, roughly a 20% return on investment. This is waaay better than what I can do in the stock market. This seems too good to be true. Again, am I missing something?
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