ISEA Blog

Installing a Solar Power System at Home can be a GOOD Investment

01 Jul 2010 11:31 AM | Michelle Hickey

Naperville man's roof system slashes use of gas and electricity

June 30, 2010|By Gerry Smith, Tribune reporter

A few years ago, Jim Camasto thought about investing $20,000 in the stock market.

But instead, Camasto, 43, of Naperville, spent that money on a safer, "greener" investment — solar power.

Camasto has installed a solar thermal and solar electricity system on his roof, which helps heat and power his home.

His gas use has dropped more than 50 percent, and his electricity use has dropped about 70 percent. He sells extra power back to the electricity grid and sells renewable energy credits, which investors buy and trade to support renewable energy projects.

His return on his investment is about 3 or 4 percent a year. (more)


 

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