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Jan 2, 2025
11:49
:54
am
BYU'01
All-American
How much saved per year? What was your initial outlay?
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BYU'01
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BYU'01
Joined
Jan 18, 2003
Last login
Jan 5, 2025
Total posts
8,859 (144 FO)
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Messages
Author
Time
POLL: For those that have owned solar for at least two full years have you saved money?
BYU'01
Jan 2, 11:46am
Yeah way better in Arizona before and after. But we get a ton of sun.
JohnnyComeLately
Jan 2, 11:47am
How much saved per year? What was your initial outlay?
BYU'01
Jan 2, 11:49am
I no longer am in AZ and don’t have those old bills around but summer months (May to Sept) we would have frequent bills
JohnnyComeLately
Jan 2, 11:51am
Wow, our AZ home (~2k sqft) would top out at ~~$270-300/month; ~$2k/year
BYU'01
Jan 2, 12:02pm
RE: Wow, our AZ home (~2k sqft) would top out at ~~$270-300/month; ~$2k/year
JohnnyComeLately
Jan 2, 12:07pm
The math I've seen is its definitely worth it in places where electricity is $$$
rcbyufan
Jan 2, 11:47am
I.E. location dependent. Do you get lots of sun and is electricity expensive?
rcbyufan
Jan 2, 11:49am
So less of a slam dunk in Utah? My Utah County electrician bill averages $60
Florwood
Jan 2, 11:57am
I would have installed solar by now but every sales guy wants to charge 9000% mark up to maximize their commission. So
WDaddy
Jan 2, 11:50am
Yep. I do calculations every couple years and it never makes sense financially
kotacoug
Jan 2, 12:08pm
Paid $10k after rebates and saving about $120/month on average.
PROBcoug
Jan 2, 11:51am
So, you save $1400/yr while $10k could have returned $1k/yr that compounds.
BYU'01
Jan 2, 12:09pm
All good questions. I would add a few to those and would probably not make a 10% ROI assumption but go with 8%
PROBcoug
Jan 2, 12:43pm
20-yr S&P 500 return ~12%. Based on the last century 10% seems reasonable.
BYU'01
Jan 2, 5:54pm
And the 25 year on S&P is 7.18%…
PROBcoug
Jan 2, 6:38pm
In case it helps you understand my personal equation better, here is more detail
PROBcoug
Jan 2, 8:07pm
Being an early adopter matters most. $10k invest vs $20K is a big deal
bald man
Jan 3, 5:26am
Most people would have just spent that extra month on stupid stuff that never brings them anything in return. It’s like
JohnnyComeLately
Jan 2, 12:49pm
People cat put $20k into solar or an index fund?
BYU'01
Jan 2, 4:50pm
Reading is hard.
JohnnyComeLately
Jan 2, 7:57pm
That claim is accurate but poorly worded, it comes down to
The Pope
Jan 2, 11:56am
Things that make it hard to pull the trigger on solar. Increasing pressure to no
bald man
Jan 2, 11:58am
I've been hearing since elementary school in the 1980s that solar would be affor
Iman23
Jan 2, 12:00pm
Yea the 20 to 25K buy price is hard to swallow,especially now that teh rebate
bald man
Jan 2, 12:27pm
<< Deleted >>
JimmyZ
Jan 2, 12:02pm
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