Cost of Electricity and Solar Power

[Mac in Wisco]

Quote:
Last winter it was around $1200 for the heating season. It's actually a dual fuel propane/electric furnace. Last year I started with 400 gallons of propane and switched to electric around the end of January. Our electric rate for the furnace is competitive with the price of propane, so either way it doesn't matter too much.

I had the solar project in mind to offset the cost of electricity used in the barn, about $150 a month. It would be a good fit for our organic egg operation and our organic co-op would get a lot of mileage out of the installation showcasing how green our co-op's producers are. What I didn't mention or include in my estimate is that installing it on the barn and offsetting the power for our egg business would be a depreciable business cost, I wouldn't have to pay income taxes on that money.

 

[Mac in Wisco]

Quote:
That was the gist of my post. On a DIY installation it would pay for itself in 16 years and continue to produce for its 25 year life expectancy. Paying the going price for a professional installation, it would pay for itself in 24 years and be just about ready for replacement at that point.

 

[vogelzang]

Quote:
That was the gist of my post. On a DIY installation it would pay for itself in 16 years and continue to produce for its 25 year life expectancy. Paying the going price for a professional installation, it would pay for itself in 24 years and be just about ready for replacement at that point.

well that just about sums it up.thanks for answering my questions.

nice talking with you.