Thursday, March 29, 2007

Shift Happens

I find this....fascinating:

Going Solar in South Pasadena

Last summer, I came home one day to find a $550 electric bill for our home. After I picked my jaw up off the floor, I was on the Internet looking into solar power.

Now, since I am in the commercial real estate business, I am not always the environmentalist NIMBYs best friend. But when it hurts my wallet, I can hug a tree, or sit in one, with the best of them.

And so, we are in the process this week of installing solar panels on the roof of our home. Being pretty much of a geek, I am jazzed about this. Our 5.2 KW system should roughly cut the "carbon footprint" of our home by about 50%. The payoff for the cost of the system should be approximately 8 years, and the internal rate of return of this investment is about 15%, based on current utility rates, and factoring modestly for inflation. I will even have the system report to my PC each day, so I can come home and obsess about my power savings. Matter of fact, now that I have this system, bring ON the global warming, baby!

Take that,
Al Gore!
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