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Old 10-02-2012, 02:23 PM   #83
Matty4
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Join Date: Sep 2005
Location: Wandin North, VIC
Posts: 2,031
Default Re: who amongst us have gone solar

I've had a bit more of a think about the numbers and came to the conclusion that if we took that money and invested it into a term deposit at current rates of 5% we would have earned ~$4500 in interest (less tax) over a 6 year period.

We currently see bills from $650-700 per qt and I'm looking at a 5kw system. If I could knock $500 per qt off that bill it will pay for itself in ~6.5years, effectively giving me a return on my investment of close enough to 17%!!!
Where else would you get that? And still have it earn more in the long term?

She's been convinced!!
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