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PV solar is supposed to at least pay for itself in terms of resale. In our case we should be receiving back $400 per year (net) from the utility due to the incentive program.Unfortunately now that we've achieved 10% electrical production via renewables (as mandated by the Public Service Commission) our conservative state legislature is considering elimination of net metering provisions (in which case I'd find another use for the electricity my system is generating). So future politics may hold the real key to solar.
A travesty. I can agree with you but I'm afraid to respond otherwise. Here in Colorado my overproduction goes into a "bank". I'm thinking I'll get an electric car in 5-7 years and use my "bank" to fuel the sucker. Through 7.5 months this year I have about 1,650 KW in my bank. That should translate into 2Megawatts per year accumulated. I'm going to have at least 10 megawatts when I get the car. And I believe that the clouds of unreason are parting and Americans are realizing that this fossil fuel thingy they have been clinging to so blindly is untenable and self-destructive. Popular opinion and personal selfishness will override corporate greed. Survival is a very strong motivator. I think your investment will prove to be quite safe in the long term, JLM.
Here in Michigan any residential grid-tied solar/wind system must be sized to produce less annually than your documented usage, so no banking.
As a interesting side note: I got to meet a fireman from Australia this past week. As we were talking about things he pointed out the Australian firefighters wont attack a house fire with solar panels till a licensed electrician disconnects the solar.They also wont put water on a car with electric drive systems.