Using Open Source for work and play
A strategy to built on the rather basic assumption, that as the economy gets better after the latest recession, interest rates, now at historic lows at the short-end of the curve and near cyclical lows at the long-end, will rise. We have a couple of reasonable reasons for believing that rates will rise.
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This year will be unlike any other the world has ever known. Why? Because the myriad variables have never been arrayed exactly like this before and are unlikely to be arrayed like this ever again. The simple passage of last year will render impossible many of the other possible scenarios and create at least as many possible new scenarios for this year. Isn’t that wonderful? (Not exactly helpful, but wonderful none the less.)
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With the abundance of sun in Arizona it’s a wonder we are just now asking this question. The fact is there has never been a better time to go Solar than right now. Arizona has some of the best incentives in the country. SRP will pay $2.70 per watt rebate ($3.00 for APS) of solar installed and the State will kick-in a $1,000 tax credit and not charge you any sales tax. Add that to a 30% federal tax credit and you end up with 65-70% of the cost of your system paid for. You still have some up front costs but the pay back is still attractive for most homeowners. For example, a $30,000 5 kilowatt system will end up costing you approximately $10,800 after all rebates and tax credits. This system will save you from $100 to $120 off your SRP electric bill depending on how efficiently you use the system.
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