PV as an investment [RE-wrenches]

[William Miller]

Friends:

I tell prospective clients that installing PV (or any RE source) is
something one does not do just for the payback.  Installing an RE system is
a great hobby, it is promoting the industry, it allows one independence
from gouging producers (and its a great conversation piece).

William



At 08:55 PM 9/6/01 -0700, you wrote:
>Almost all of us have been asked "What's the payback?" and "Is it cost
>effective?" Almost all of us have been told "I'd rather put my money in
>the stock market and pay my electric bill with the profits." The average
>American now knows that the stock market giveth and taketh away
>unmercifully, but we still get the questions. I've been trying to put
>together a short response (other then telling them to jump in a lake) to
>get skeptics to shut their mouths, open their minds and think. What do
>you all think of this statement?
>
>You have to pay for the electricity that you use. You can pay a utility
>company or you can buy a PV system and pay yourself. PV is an investment
>with an annual return like the interest from a bank savings account. If
>you pay your utility 12 cents per kWh for electricity, your PV system
>will generate savings equal to 4.7% annual return. Since the savings
>from a PV system is not taxed like interest from a bank account, the
>savings is equal to 6.4% annual return on investment. Plus the cost of
>the electricity that you produce never goes up so it is a real hedge on
>inflation. Plus the PV system adds value to your home (and in California
>PV does not increase your property tax).
>
>(Thanks to Tom Lane for planting this concept in my head and to Travis
>Creswell for giving it light and water. I assume responsibility for any
>"fertilizer" contaminant.)
>
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__________________________________________________________________
William Miller
SLO Communications: Communications and Power Systems Consulting
PO Box 50, Santa Margarita, CA 93453
Voice :805-438-5600		Fax: 805-438-4607	VMail: 805-546-4875
email: wrmiller at slonet.org
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