Tuesday, December 20, 2011

Installing Solar Panels…

So, we (well, I Smile) went ahead with the installation of solar panels on the roof. It took about 3 days when all was said and done.

If you are interested, here's the link to get an estimate.
(full disclosure...if you do sign up via this link, we both get some $).

Some FAQ’s:

  1. I went with "lease" instead of "buy" option.
  2. Put $1k down and have committed to $68/month. At current electricity consumption rates, this covers about 25% of our monthly usage at a FIXED rate.
  3. Payback period…approximately 7 years.
  4. Green value is something I am factoring in.
  5. Best argument, in my mind, came from Gary of Clean Currents who positioned it as a “hedge against future energy price increases.” (If there’s one thing I have a high degree of confidence in-sure, I could be wrong—it’s that energy prices will go up)
  6. It helps to have a new or mostly new roof
  7. The company guarantees 95% of their estimates.
  8. I’ll be sharing the results of this experiment in the months to come…

To be CLEAR...I'm not advocating just yet since I don't know how it will go, but figured I'd share it for now.

To understand some of the technical components, check out this interview with one of the installers.

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