Showing posts with label Solar panels are on the way. Show all posts
Showing posts with label Solar panels are on the way. Show all posts

Sunday, February 28, 2010

Solar panels are on the way


We signed a contract to install a 10 Kw solar system which would give us about 18000-20000 Kwh a year. This is about 85% of our needs and maybe, just maybe, if we can get a bit more efficient ... 100% of our needs.


10 Kw system, 46 panels of 220W, 100m2 of panels, ground mount (not on our roof).

Project will be finished in about 3 months, in the meantime, the solar panel installer will pay for our electric bill in the meantime.

Taking into account all the rebates, and a 3% return on investments of the in solar invested funds, the return on investment would be around 8 years. Which makes this a no brainer. This doesn't take into account the added value of the solar panels to the house value.