Today my electric bills average nearly $400/mo. so the payback time would be 100 months or 8yrs. 4 mos....exactly the amount of time I have been living in this house!
Timbo:
Since I've been living in my house for 18 years, does that mean I would have been saving $400 per month for the last 10 years!
Stated another way, if you were selling your house in today's market, how much would that $40,000 investment be worth?
Sounds to me like the technology is effective today, and with the 30% the State is willing to put up, it's pretty well affordable.
Using the numbers you gave us, can someone do this math for me:
I've heard citrus canker has destroyed 70,000 acres of citrus here in Florida. If you put all that land into photovolaics, how much would that amount of electricity be worth in the energy market? There is a market to buy and sell electricity isn't there?
