More Solar Economics Data

There was a report in Sunday's Columbus Dispatch about a solar home with a claimed 10-12 year payback. The owner paid $41,500 and received State and Federal grants reducing that to $21,500. He has net metering.

In his best month, he generated 806 kWh, which provides 115,200 kWh over 12 years. At $0.10.kWh, this comes out to around $11,000 worth of electricity produced - I don't see how he can break even.

Refs:

"Solar power users amass savings by folllowing the sun", Columbus Dispatch, 08 Oct. 2008

Stowell web page: