so, I think I made a mistake, but I click on a link to give me an estimate for solar panels on my roof............. had to give my email and cell #
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Right now, while the 26% solar tax credit exists and net metering is in place, solar is typically an excellent investment for homeowners.
24 panels - system size 8.4 kW - annual production 9270 kWh
Electric bill savings over 25 years
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$48,354.42 or $161/month
the cost:
Monthly loan payment on 20 year loan at 4.99%
$79 or $18,960 total
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I would guess my average monthly electric bill is about $125 the last 5 years - not sure how I can save $161 a month
don't know if these solar panels and system would last 20 years