If you’re considering going off-grid with solar and a battery bank, you’re probably wading through a jungle of questions and research. To decide if off-grid solar survival is right for you, let’s set the ultra-technical aspects aside (mostly) for a moment, and work through the top 5 questions to ask yourself before diving in, getting off-grid, and soaking up the rays!
Off-Grid Solar Survival: Important Things to Keep In Mind This post was originally by DIY Projects and shared with permission 1. What is Your “Payback Period”?
“Payback period” is a phrase that’s thrown around a lot in regard to solar. So first, we need to break that down. Solar materials and labor cost (X) and your current electric bill cost you (Y) each month/year. What we want to know is: How soon will the solar system start saving me money? To determine how long that will take we just divide (X) by (Y).
For example, let’s say solar costs $1,000 (X), and your current monthly electric bill is $100 (Y). Because you paid $1,000 up front and you don’t have an electric bill anymore, after your 10th month you’ll be saving $100 per month. So in this example,
Originally posted on Survival Life