Quote:
Originally Posted by striperman36
I might have missed it on the graphs. What is is ROI period?
I see that there was a total install cost of around 31K, must be a 18K cost to you after grant and tax credit.
Is it a 3 - 5 year payback?
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See page 9, based solely on my electric rate of 12.3 cents/KWH and getting paid REC credits of 6 cents/KWH payback is still 20+ years away. I'm not sure what the industry includes in their ROI calculations, mine are based solely on electric consumed/saved +REC payments.
Thats the trouble with being an early adopter of new technologies: scale of production has not yet lowered the manufacturing cost to be affordable.
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