My 9-year solar report card is in!

@Lydie Exactly. I plan to install it, but not until I can pay the cash price, or at least get a low-cost loan from a Credit Union. The dealer fee one quoted me was 20K.

@jonah Thankfully, it doesn't snow that often here. This winter is being special though! I don't put much effort into clearing the ground panels (I'm physically weak bleh), the winter days are short and I'm not exactly losing a lot of production. Most of my energy is made March-November. That said, this evening I plan to give the snow a nudge and see if it slides down. If not, oh well!

@f4grx 39.644207

@Lydie hm, sounds like it works for you, but could be bad news for me here in Minnesota

My 9-year solar report card is in!

in the spring of 2017, I installed my solar energy system. The price tag was $42,000 (I got slightly used panels and saved a lot). It was a significant upfront investment...and worth every penny.

Now that we are in 2026, I ran the numbers. I passed the break even point in 2022, and am roughly $21,000 in profit! The total value generated so far is over $63k.

The next five years look even better. With utility rates rising astronomically, the system will generate another $36k or so. By 2030, the total profit should exceed $100k !!

If you are still on the fence about whether the math works on a solar investment….well, it did, does and will accelerate as energy prices keep inflating. It's much safer than many other investments in the current economy - at least until this regime is gone.

#SolarEnergy #Investment #ROI #FinancialFreedom #Sustainability #CleanEnergy #Maryland #Solar

@Lydie million dollar questions:

Location: Maryland
Fed/state tax breaks:
Shade level of lot: Near 0?

Looks like your lot is perfect for it.