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Fit_Insurance_1356 t1_ja8hkeg wrote

So I had solar panels installed in March of last year. It has worked out well so far. The catch is that you only make interest-only payments for the first year. Then you have principal plus interest for the next 10. Not a bad deal. My installation cost around 25k. And you should have a North/South facing roof as the south side would be facing the sun for 90% of the day unless you have trees around your house. I ran AC most of the summer and was still able to get enough credit so that I had the minimum $8 charge from May thru December. My first bill after installing was around $45 whereas my usual electric bill was about $125. This was April last year. My highest bill so far after the installation was $48 in January.

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bigd1384 t1_jab193t wrote

What’s the warranty or expected lifetime of the system/solar panels? If you saved $120/mo on your electric bill, it looks like it will take a little over 17 years to break even on the installation costs.

I’m just curious because I talked to a solar company and they told me the break even point in Washington is around 10 years (based on their math, which is probably biased) because our weather isn’t great for generating solar power.

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