Of course not. The solar project, which included a full re-roof, was an investment with an expected return. I considered solar for over 5 years before inking the deal. The numbers made the investment the biggest no-brainer in the world. And I got a nice big fat tax credit!
Given the rising costs of energy in Silicon Valley, my calculations were very conservative. I am a fiscal conservative; I do the arithmetic.
Add to that:
- I have since retired so I am home much more, consuming more electricity. Blare that AC.
- I have been charging a Tesla since Dec 2018; the fuel savings add to the value. They were not in my calculations but now add to asset utilization.
The solar project is well past break-even point; now it is a hedge against energy cost inflation. I doubt I pay $30 per month for electricity nowadays. The number is so low I don't even think about it.
The panels are far better than free based on ROI.