Cost of fuel...

thinkxingu · 03-08-2022, 04:01 PM

Quote:

Originally Posted by mswlogo

You have a point.

Solar is pretty cheap though.

My ROI is 6 years. After that it’s PROFITABLE.
Yes, will make money.
Because I take some burden off the grid they pay me CASH to be self sustaining.

Solar is NOT free. You are prepaying it.
The rule of thumb is I’m paying about 0.08 KWh (as opposed to 0.26 KWh in MA).

You can lease and save some money long term.
But if you can afford it you do save money, quite a bit, long term.

Say your electric bill is $150 a month.
Multiple that out 20 years and it’s $36,000

Install Solar for $18K. Bill goes to $0.00

You save $18,000.00

Now that assume price doesn’t go up. The more it goes up the more you save.

Now you could invest that $36,000 too and keep paying for electricity.
I elected to go green-ER

EV’s are almost in reach of average consumer. Maybe 5 more years.
You don’t need to be rich to own one now. But you need to be comfortable.
If you can afford lake property I suspect you can afford both with no problem.

The number one reason I buy a Tesla is, it’s one of the safest vehicles on the planet to get me to and from NH. It’s the only way I can justify it because it’s not financially sound just yet. Even with Solar to power it.

You realize that everything before and after "install solar at $18k" is worthless, right?

Something like 60% of Americans would be wiped out by a thousand dollar expense.

The increase in fuel, food, clothing, etc. costs are going to force hundreds of thousands from middle class to lower class status.

What percent of Americans can afford $18k?! And, if they'd have to take a loan out in order to do so, or not pay off other loans in the process, your ROI is directly affected.

True story: I was at Market Basket last week and the guy next to be bought two rolls of toilet paper even though the 4-pack was on sale for 25% off because he only had enough in his budget for two rolls. Extrapolate that to all areas of life, and therein lies the glitch.

THAT'S most of America.

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