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Why Should You Use Renewable Energy at Your Home - Page 3

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Posted by Bob F on May 23, 2010, 8:15 pm
 


hebintn wrote:

You'd be better off putting your money into insulation and efficiency measures.
Solar thermal for hot water needs has a signicantly quicker payoff also. Unless
you get a real good deal on panels and can do the install yourself, solar
electricity will not pay you back in a reasonable time.



Posted by Josepi on May 23, 2010, 11:01 pm
 


Exactly! In ten year you woud not likely ever make this pay or break even
depending on many factors.

If you want a hobby and/or like gadgets or electronics or a challenge or
have been cut off the grid...go for it!



hebintn wrote:
You'd be better off putting your money into insulation and efficiency
measures.
Solar thermal for hot water needs has a signicantly quicker payoff also.
Unless
you get a real good deal on panels and can do the install yourself, solar
electricity will not pay you back in a reasonable time.




Posted by Jim Wilkins on May 24, 2010, 11:46 am
 


My best ROI was from learning to live with a smaller refrigerator,
which almost halved my electric bill. The biggest free savings is from
drying laundry outdoors.

jsw

Posted by hubops on May 24, 2010, 1:49 am
 




  Is TVA or Government  offering any incentive ?
In Ontario, small solar  (10 kw) gets 80 cents per kwhr !
... government Green Power incentive.
It's about a 8 - 10 year payback at that rate.
 ~  80 thousand dollars basic investment .
 So if you're only getting/saving  10 cents  ..
  John T.





Posted by vaughn on May 24, 2010, 12:43 pm
 



In the US, every state and every utility  is different.  With net metering my
understanding is that they usually install 2 meters and you usually sell power
back to the grid at some sort of wholesale rate yet buy power at the usual
retail rate.  So you may "save" 10 cents on power you produce and use directly,
but the utility will only pay you perhaps 6 cents for your excess power.

Correct me if I am wrong here...

Vaughn




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