I'm feeling the new green movement and would love to add solar electricity to my existing home. I could then tell both buyers and sellers about the wonderful electricity a self-sufficient Realtor is generating and I could brag about the amount of carbon I'm taking out of the atmosphere but I keep tripping on the way to the ladder to screw the solar panels on to my roof top.
I appear to keep tripping and stumbling on the mountain of "coin" that will be required to buy the system. I own a modest 4/2 2,300 sq. ft. single family home with an average monthly electric bill of about $190. When I spec out the system that will be required to generate enough kw's to power our abode the numbers don't look very enticing.
The good news is the IRS will fork over $5,600 to me in the form of a tax credit. The bad news is that the payback period on the $24,000 initial investment is 30.1 years. See the data below.
* Net system cost after incentives: $18,400.
* 23% saved by Incentives from Total System Cost
 Total System Cost |
$24,000 |
 Rebate |
$0 |
 Tax Credit |
$-5,600 |
 Net System Cost |
$18,400 |
ESTIMATE SUMMARY
| Net System Cost | $18,400 |
| Monthly Cash Flow | $95/month cost |
| 1st Year Electric Bill Savings | 9% cost savings |
| Daily Output | 8.9 kWh |
| Average Monthly System Output | 269.3 kWh |
| Monthly Electric Bill | $189.61 |
| Payback Period | 30.1 years |
So the question I have is pretty basic. Should I invest $24,000 for a system that will require a 30 year payback to generate my own electricity that will remove a bit of carbon from the atmosphere? Will my little gesture make a difference when many countries around the world spew crud into the atmosphere unchecked?
Are You Selling a $300,000 Bellefonte Home?
If you are thinking about selling your Bellefonte home and you think the price is in the $280 to $320K price range, following are numbers that you need to know.
5 houses sold in'08 in your price range in Bellefonte School District
Avg. List Price-$302,761
Avg. Sold Price-$287,480
List to sale % - 95.0%
AVG. DOM - 195
Visit-www.BuyBellefonte.com
For additional information about the Bellefonte real estate market or for a FREE market evaluation of your home give Tim Rogers a call at 814-280-0054.
This post was inspired by a post by Terry Rasner about whining. Read it here:
http://activerain.com/blogsview/778065/No-One-Likes-a-WhinerDo-They
It reminded me of one of my favorite songs by Chris LeDoux which led to a sign in my office and a NO WHINERS segment on my local radio show.
Listen to the the song and video here:
http://www.youtube.com/watch?v=Ffr-G6abbxA
At this point in the real estate and election cycle, I think everyone should heed the advice of Chris Ledoux.
Tim
Have not been reported this morning during what appears to be a record voter turnout for an historic election. Do you ever wonder why the pundits tell us every four years that this is the most important election since.....? Aren't they all important with special importance assigned to off-year elections?
But what a great country we all live in when voters of every persuasion go to the local precinct and stand in a long line to testify to the world about their personal political beliefs and there isn't a single fight to break up. In my local precinct, I stood in line with republicans, democrats, and independents and there was a sense of pride among all the would-be voters anxiously awaiting their private moment of truth. There was amicable conversation and not a single incident of name calling. No fights, no threats, no coercion, and not a single soldier threatening the line with a machine gun.
This is what makes our country great. Well defined differences of opinion to be sure, but a coming together none the less. I trust that we will wake up tomorrow morning to a united American electorate and a single-minded purpose to continue to make this country the greatest country in the history of the planet Earth.
Tune in Saturday morning to Top Gun Tim's Ask the Realtor on News Talk 970 AM WBLF from 8:00 to 9:00 a.m. as we talk about private property rights-a major factor that elevates our country above all others.
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Specializing in Centre County residential and commercial real estate. I especially enjoy working with families relocating to Penn State University and alumni retiring in the area.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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