We had 23 solar panels installed on our roof this past week.
I’ve always been a tree-hugger, but I’m also a cheapskate. Thanks to a federal tax credit, I can deduct 30% of the cost from this year’s tax bill. Thanks to the state of Ohio’s ECO-Link program, I was able to knock 3% off the loan rate, so my loan percentage is lower than most 12-month CD rates. And the way our house is positioned, the panels are on the back part of our roof and can barely been seen from our backyard, so the missus is OK with the lack of aesthetic appeal. Besides, Elon Musk’s solar shingles are several years away from getting to the Midwest.
My electric bills will go down immediately. Conservative estimates show the system paying for itself within eight years. After that, it’s all gravy.
23 panels aren’t going to clean up all the dirty air that coal-loving Duke Energy is spewing into the Cincinnati area… but you gotta start somewhere.
If Germany can get 7% of their energy from solar and 35% of their energy from renewables, why can’t we?