Solar Homeowners Stephen & Janet Flanders |
5.13 kW installed by Norwich Technologies in 2015
We debated whether to solarize our home. One of us wanted to be environmentally responsible; the other wanted to be financially sound, since we might move away before the end of the ten-year payback period. The solution was to finance through the Vermont PACE program, whereby the loan stays with the property, if we move. That way, there is no question of perceived value of the solar installation—its value is built into the loan. Since we installed our panels on our south-facing barn roof in October, there was a wait for the cash flow to become positive. We had our first negative electric bill in April and are looking forward to being a net energy exporter! |