GrammyKaz t1_j0njfr2 wrote on December 18, 2022 at 12:43 AM

Reply to comment by taguscove in Boston Area Electric bills - what's yours? by mrjojo-san

What type of financing do they have going on for them, if any? Do you know? A couple of neighbors did them but paid outright. Both ran between 40 and 50k.

taguscove t1_j0np0pn wrote on December 18, 2022 at 1:28 AM

Not sure. Paid $17k for a 4kw system. $11k after upfront tax incentives. about $1500 a per year in free electricity and SMART incentive checks after that. Financing hurts the economics a lot. My guess is about 8% implied interest rate. 40-50k would mean their electricity bill is an average of $500 per month

modernhomeowner t1_j0nusbz wrote on December 18, 2022 at 2:15 AM

National Grid is out of SMART rebates, the state didn't allot them correctly.

taguscove t1_j0nwfar wrote on December 18, 2022 at 2:28 AM

That sucks. Oh well, the economics are still quite good if buying upfront. Mainly because MA electricity is among the most expensive in the USA. Only Hawaii and a couple others are worse

GrammyKaz t1_j0nqo1l wrote on December 18, 2022 at 1:42 AM

That's not too bad at all. I haven't really taken the time to get the details of their particular systems only the bottom line.

One of my concerns with solar is recalling the 80's and people having a difficult time disposing of panels no longer working. In addition many are including battery banks which are great but again disposal, even recycling could be an issue.

My neighbor is a retired electric company employee he's wondered how we'll power all of the ev vehicles becoming mandatory in the not too distant future. There's so much to be concerned about right now and so many new technologies, programs, and incentives to educate ourselves to...my brain is tired.