My 21kw $52k system with a 26% federal tax credit costs me $270/month pre tax credit ($178/month after applying the tax credit to the principal), financed at 3.9% for 25 years (inflate that debt away!). There is a bill in Congress to restore the tax credit to 30% retroactive to the first of the year, and extending it 10 years further, possibly improving the economics if passed.
It was cheaper than my average utility bill, and my electrical rates will never go up as the cost of fossil gas burned by my utility rises. Any excess power I generate beyond what I consume my utility must cut me a check for at the end of year when we true up.
The credits and whatever feel like just-another-way to give money to people “lucky” enough to buy a house that they own-something that looks less feasible by the month for the majority, even making plenty, as rates and prices go up. And rent? Well, there’s a meme for that.
I can’t install PV panels even if I want to, but I certainly would not be doing it or even trying for a rental owned by an investment firm who would use it as an excuse to raise rates due to the improvements.
It was cheaper than my average utility bill, and my electrical rates will never go up as the cost of fossil gas burned by my utility rises. Any excess power I generate beyond what I consume my utility must cut me a check for at the end of year when we true up.