Do you think municipal bonds would be a good way to fund the switch to solar panels?
At current prices for solar panels and conventional energy, it takes about 10 years for the investment in solar to pay itself off for the average homeowner. Of course, after that, it’s pure profit for homeowner and government alike, as it cuts energy costs and reigns in growing demand which would otherwise necessitate building costly new energy infrastructure.
Massachusetts is considering legislation to allow municipalities to bond the debt necessary and finance homeowners in switching to solar power for their homes. Payments would be added to their property taxes. What do you think of the idea?