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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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Now a U.K. utility company has released data detailing how owning an electric car could reduce the payback time on solar panels to under 5 years.
If a solar panel will produce electricity for 25 years, and a Solar Panel can be paid off in 5 years time, then simple math can help know the truth.
25 - 5 = 20
You pay for 5 years and after 5 years the solar panels are paid off, and then you have 20 years left.
If a Solar Panel was made with "Planned Obsolescence" then it would wear out sooner so that people buy new ones sooner.
How about more math?
Suppose you pay $10,000 for Solar Panels.
5 years later you pay off that expense.
Suppose you then buy $10,000 more for Solar Panels.
10 years go by and you pay off $20,000 total, and so you now produce 20,000 worth of electricity instead of 10,000 dollars worth of electricity.
Got that?
Is this too complicated for all the economists?
After 10 years you buy $20,000 dollars worth of Solar panels to add to $20,000 dollars worth of Solar Panels and 5 more years go by for a total of 15 years, and you still have 10 years left in the first $10,000 dollars worth of Solar Panels.
First 5 years
$10,000 worth of Solar Panels paid off
10 years (2 x 5 years)
$20,000 worth of Solar Panels paid off
15 years (3 x 5 years)
$40,000 worth of Solar Panels paid off
20 years (4 x 5 years)
$80,000 worth of Solar Panels paid off
25 years (5 x 5 years)
$160,000 worth of Solar Panels paid off
At the end of 25 years the first $10,000 worth of Solar Panels are worn out.
The home owner runs out of room at home to mount the Solar Panels. The Solar Panels pay for themselves in 5 years. That means that they reproduce in 5 years.
Do you know how exponential growth rates work?
How about some help?
The Rule of 72
Now look at how the Legal Criminals use lies to frighten their victims:
Damn Lies
Really?
A quote:
Figures often beguile me, particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force: "There are three kinds of lies: lies, damned lies and statistics."