Reply #11: Probably costs more in the long run [View All]

[FogerRox]

Companies like that tend to prey on folks whose houses can generate 100%+ of their usage. So if your house can generate 130%. 30% gets sold back to the Utility. Money from the sale of electricity goes to the owner of the PV panels. The life of the install is 30 years. You do the math.

Or, if you have a good state program (you get back 50% to 60%), you spend the 30k to have the PV's installed, you generate 130%, watch the meter run backwards, make money, the PV syatem pays for itself in 10 years.... the next 20 years are scott free.

I know a guy, here in NJ, who makes about $1100 per year off his PV install. If we (NJ) get a 5 or 6 % rate hike, he shortens the payback time by nearly a year.