Commercial Real Estate Agent with Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker AZ BR 528507000
This particular client used to run the Davis Dam up here, with his wife, both hydro engineers. They run another in the Pacific Northwest.
He sent me a very thought-provoking note, not at all anti-renewable energy, which I too see a place for in our world (NOT THE BE ALL AND END ALL, but a place).
Here is the unedited entirety of the note:
Seems like everyone (and rightfully so) is very concerned about the future of our power grid. More and more folks are turning to solar thinking this is the answer to keep their home (And now car) powered up during the up and coming power outages. (I won't even go into the government mandating homes be equipped with solar panels) Also many feel they can generate enough power to be totally off the grid during these outages yet still have all the comforts of "free" energy. After all the sales person told them so.
Well, as it turns out, the sales person all too often forgets to inform the buyer of a number of facts. Those are, 1) Only the top of the line solar panels will produce the stated value of energy for a period of 20 years. After that period of time, the generation ability falls off drastically and the panel/s must be replaced.
And 2) Not only do the panels need replacing, but the inverter is recommended to be replaced every 10 years. Looking up what a small 8K inverter will cost I found a quality unit, with a 5-year warranty for around $6,000.00 plus installation. Larger units are considerably higher. So, over the life expectancy of your system, $12,000.00 additional dollars must be added to the cost, not to mention that now you will need to begin replacing failing solar panels. Not quite what you were expecting, ehhh????
In closing, I have seen advertisements and have had quotes for solar systems, installed for some $70,000.00 with a return on investment arriving in 20 - 25 years, or just in time to begin replacing the old worn-out system you just finished paying off.
Cowboy logic: If you find yourself in a hole, stop digging.
Better yet: Get all the facts before you even pick up the shovel! Lots of con artists out there just waiting to make a quick buck off some un-suspecting or non-informed individuals.
Hope this helps.
Keep'n The Faith
Again, this is just information, from someone smart enough to transmit it. YMMV, do your homework and make wise choices!