So for his peak bill of $600 he save 80% or $480 per month. So, not counting tax money, it will take 125 months or 10 1/2 years to break even. Of course that is his peak bill so most months he saves less so it will be more like 15 - 18 years. If my math is good, that approaches the life cycle of the equipment.
Solar is a great option if you can force your neighbors and grand kids to fund it for you.
Maybe not grandkids, its not SS and Medicare, but neighbors and grown relatives pay for it.
What is sneaky is that this is a hidden tax that stupid Dem voters in Maryland are unaware of. Elected Dems raised many of our taxes under O malley, then they force utilities to bribe a few to buy these and the idiots who support Dems here think its the evil corporation rich guys spiking them by raising their rates.
Worse yet O Malley won in 2006 by running on “Electric Deregulation raised your rates and if I get in I will not allow it and will force them to lower them”
Once in office he announced higher rates were not the problem, it was dependence on fossil fuels.
Like Dems EVER lower prices of energy. But They believed it. Even RINOs here believed the basic deregulation story (2006) till I explained it.