Is Solar a Good Investment, or is it Simply the Right Thing to Do?
Of course solar’s “the right thing to do.” By purchasing a solar photovoltaic (PV) system for your house, you will generate your own electricity, and thus reduce your dependence on electricity generated by coal, nuclear and/or natural gas.
But perhaps you can’t afford to do the right thing, just because it’s the right thing. From a purely financial standpoint, is spending $15,000 to $30,000 on a solar PV system rational?
Generally speaking, the answer is “no.” But here in Northern California, solar actually does makes sense. Two reasons:
- We get plenty of sun.
- We’re in PG&E territory, and PG&E has a tiered rate system that punishes heavy users with very high rates.
If a portion of your electrical bill includes kilowatt hours being billed at 26 cents, or even 32 cents, you need to consider solar.
Use the links in the upper right to learn more (sequential makes the most sense).
Contact me at email@example.com, to ask questions, or to share your own thoughts. Thank-you.