Just looking for confirmation that my math here is correct...
Local utility company has a program going where you can 'purchase' one solar panel and harvest it's 335 watts of capacity for 12 years. The estimate is that over these 12 years the panel will average 500 kWh per year. The cost of one panel is $650, and this includes maintenance.
Looking at my statement, I'm paying roughly $0.10 per kWh. 500 kWh * 12 years = 6,000 kWh. 650 / 6,000 = $0.108 per kWh
So my math tells me that I can commit to purchasing solar for roughly the same cost as I'm paying today. Does this math seem accurate, and the conclusion reasonable? Seems to me that if the cost is so comparable, more people would be doing this.
