Comment Solar for the win! (Score 4, Informative) 498
I installed 48 solar panels on my house which generates around 12,000 kW per year. The installation costs were $65,000 in 2003, or $31,500 after all the direct and indirect rebates. Based on my annual savings, I calculated (in 2003) that I would recoup the cost by the end of 2013, but as electricity costs have risen since that I time I think I'm pretty close to having saved all the installation costs already.
I do use the local utility company for power during non-daylight hours, but that's just a matter of convenience. I could have installed batteries at the cost of $5,000 - but why bother when the utility company can act as my battery? They pay me for excess electricity that is generated during the day, and I pay them for electricity used during the night. My annual bill in December 2011 was $(-133) - that's a $133 check from the utility company.
As an added advantage, we leave the house thermostat at the same temperature settings all year - a low of 72 degrees and a high of 76 degrees, so we are always comfortable at home.
Some people say that solar isn't ready for prime time, and never will be. That's just crap.