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Solar Panel Prices

Christina Said:

im looking for a solar panel for my psp?

We Answered:

Here is one at REI that should work

www.rei.com/product/802089?partner=aff…

Phillip Said:

What is the parameter in Solar power that specifies the amount of time it takes to pay back your investment?

We Answered:

In business, you'd call it amortization. To simplify, it's the process of spreading your cost over a number of years.

In this case, if the panel lasts long enough, you wind up amortizing your cost over the number of years it takes you to recover in "free" electricity

a) the initial $750 purchase/install price, plus
b) the interest you didn't make on the $750 over that number of years (the "value" of your money), plus
c) any maintenance costs.

less

d) any government rebates or tax incentives available at the time. If you're lucky, they'll be providing these when you decide to install.

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