VortecJeep
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- Joined
- Aug 24, 2005
- Location
- Concord, NC
I was looking on Duke’s website yesterday and it looks like there was a finite number of rebates available and they are all accounted for.
Your payback would be about 4.3 years not accounting for the increase in home value which is about 4%
yeah no joke. On top of that - on say a $400k house, thats supposedly a $16k value. Even if you sold the house immediately somebody would have to be pretty bad at math and not done their homework to believe that. But as mentioned in 10 years its most definitely not worth anywhere close.That increase in home value is only valid if the system is fresh and functional. Once the system is dated and not working at full capacity and needing repair, its a liability.
That's what's happened up here. Despite the solar companies advertising that you can get a rebate they are already accounted for.I was looking on Duke’s website yesterday and it looks like there was a finite number of rebates available and they are all accounted for.
Until the roof starts leaking or the house catches on fire (I'm just playing devils advocate here)
I was looking on Duke’s website yesterday and it looks like there was a finite number of rebates available and they are all accounted for.
Not to add to the confusion, but DEP & DEC are supposedly going to complete their merge by 2030..I don't see that yet on the site, but also there are limited ones for Duke Progress and Duke Carolinas which makes it more confusing.
Not to add to the confusion, but DEP & DEC are supposedly going to complete their merge by 2030..
That's what I came up with. I couldn't get the math to math. I'm on co-op power so there is no utility subsidy. Didn't make sense for me.Does this only "work" from a financial standpoint if the federal government and utility each pay for 1/3 the initial cost?
I have another spreadsheet I can share. It compared the install cost, utility price inflation, etc, against putting that money into an 8% annuity. I'd like to see if somebody can come up with more favorable numbers. Otherwise it just seems like another hobby.
Does this only "work" from a financial standpoint if the federal government and utility each pay for 1/3 the initial cost?
I have another spreadsheet I can share. It compared the install cost, utility price inflation, etc, against putting that money into an 8% annuity. I'd like to see if somebody can come up with more favorable numbers. Otherwise it just seems like another hobby.
Does your 8% annuity account for loss in taxes? That's easy to overlook and can eat up to 30%.Does this only "work" from a financial standpoint if the federal government and utility each pay for 1/3 the initial cost?
I have another spreadsheet I can share. It compared the install cost, utility price inflation, etc, against putting that money into an 8% annuity. I'd like to see if somebody can come up with more favorable numbers. Otherwise it just seems like another hobby.
No, you're talking about the opportunity cost between investing money and accepting electricity welfare.could add the 8% annuity, which I did think about which makes payback really hard to ever get, if you think about it that way, but then you can also think about what if you didn't buy that car, etc and saved the money instead, to me I didn't count it because of that, then consider capital gains, etc
You need a new tax guyThat's easy to overlook and can eat up to 30%.
And? you don’t take advantages of any tax write offs? Just learning from uncle Donald and using all the legal ways to my advantageNo, you're talking about the opportunity cost between investing money and accepting electricity welfare.
These aren't write-offs. It's white collar welfare, taking a handout from the Feds with money that we don't have. You said yourself - it's not worth putting up panels if they're not paying you to do it. That's completely different than abiding by the tax code for behavior that you're engaged in regardless of policy.And? you don’t take advantages of any tax write offs? Just learning from uncle Donald and using all the legal ways to my advantage
And this is a tough thing to balance, because they’re gonna take the money and give it away anyway. Key is to vote them all out and get some folks in office who are fiscally conservative, unlike the current Republicans and Democrats.These aren't write-offs. It's white collar welfare, taking a handout from the Feds with money that we don't have. You said yourself - it's not worth putting up panels if they're not paying you to do it. That's completely different than abiding by the tax code for behavior that you're engaged in regardless of policy.
These aren't write-offs. It's white collar welfare, taking a handout from the Feds with money that we don't have. You said yourself - it's not worth putting up panels if they're not paying you to do it. That's completely different than abiding by the tax code for behavior that you're engaged in regardless of policy.
I want to like this because it is correct, but I also don’t “like” it. Unfortunately it’s about the only way to get back a useful fraction of the tons you’ve paid in.there is tons of white collar welfare out there. While it’s out there and I’m paying to fund it, I’m going to take advantage of it. I pay enough taxes at least I can get something out of it this time
Lol... You still think elected officials have power.Key is to vote them all out and get some folks in office who are fiscally conservative, unlike the current Republicans and Democrats.
Lol... You still think elected officials have power.