Someone I know here in Maryland who used to be my neighbor told me he got solar panels last year.
He said he got 60 of them at $1K per = $60K. But between Federal and state tax credits it only cost him $20K (entirely financed with no interest the first two years), the taxpayers footed the rest. Did I tell you multiple taxes were raised here?
Now he says he pays no electric bill not even in the hot Maryland summer when his house is ACed to a comfortable temperature. His wife doesn't work and they have three kids so the electric bill was very high in the summer before, now it is zero. In fact he sells the excess electric to the power company, which pays for his non daylight usage at night. So his $20K was paid back in a year of free electric before any interest was due.
In the winter shorter daylight days he has natural gas heat so it still covers the electric. Keep in mind some houses get little sunlight in the winter so it wont work as well
We got little snow last year, I wonder how they will hold up in a heavy snowstorm.
but private industry can do this better and cheaper..and the price will come down if government stays out of it..
Really? He had $1666 electric bills?
I call BS. The typical solar installation "breaks even" in about 45 years compared to fossil fuel power, long past the service life of the components. That is why it fails without tax funding to cover the costs.
” We got little snow last year, I wonder how they will hold up in a heavy snowstorm. “
Would they be covered with snow ?