Would a $5,000 investment in rooftop solar make economic sense?
I’m building an all-electric home. I am currently paying 7.22 cents per KWH. I’m poor, but could possibly budget $5,000 for solar power, if 30% of that $5,000 is returned to me as a tax credit. Would investing that $5,000 in solar power make sense? (This question is premised on the cost to me, after the tax rebate, being $3,500.) Or, would my $5,000 be eaten up by installation costs, and leave me generating enough electricity to operate an LED light fixture? It doesn’t matter what I could do for $15,000 or $20,000. I don’t have that much money to spend on solar power, unless I want to live in a garden shed.
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