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Mike Hankey wrote: We could blow ourselves up tomorrow
We have come close before so it is a possibility. 
One of the reasons I live in this part of the world. Less likely to be a target of a direct strike. Not saying that surviving will be much fun.
Of course I must consider that I am currently living under Martial Law. Luckily out in the hinterland life goes on pretty much unaffected.
Once you lose your pride the rest is easy.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs JimmyRopes Designs
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Ah - but have you ever played with a KSR 35, PDP 8, Varian Data Machines 16 bit computer?
I have!
The Irishman
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No but I did have an Altair 8800[^].
New version: WinHeist Version 2.1.0
My goal in life is to have a psychiatric disorder named after me.
I'm currently unsupervised, I know it freaks me out too but the possibilities are endless.
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I just hope that it is not like fusion where we will have it 20 years. And 40 years later it is still in 20 years.
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Not! Not! Not!
We're looking at replacing the heating system in Hungary with a ground source heat pump. The system works by pumping cold water through the ground where it heats up, then a heat exchange in the house provides hot water and/or central heating. In the summer this can be reversed to cool the house down as well. As we have a large south facing roof, we should be able to power the whole thing from solar a PV bank. Net running cost should then be in the range of low to little. But then there's the cost of putting the system. Put this way, the latest quote I have received would mean that it pays for itself in around 15 years.
I was just wondering if anyone has any experience with this or any other of the new fangled renewables.
veni bibi saltavi
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From what I've seen of renewables, if the estimate is "it will pay for itself in 15 years" then once you figure in the riding cost of fuels, taxes on the fuels, etc., and factor in the annual cleaning of the solar panels to make them continue to work efficiently...
...it'll break down after three years, and cost twice as much to fix as the original installation, "assuming I can get the parts, Squire".
Our local council fitted a wind turbine at the Waste Dump / Recycling Centre on the grounds that it would save a fortune in the long run. And took it away two years later as it saved pretty much sod-all and cost a fortune to maintain... 
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Spot on! 
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My brother installed a heat exchange system for his farm in the north of Sweden, burying the pipes 1.5 meters down in a field. It produces enough heat to keep two decent-sized (ca 200 sq.meters) houses warm in winter, and hot water for both. It's not set up to provide cooling though.
He reckons it will have paid for itself after 7 years, though this is helped by him letting one of the houses out with heating included in the rent.
If you have space to install it, I reckon it makes sense. Just check expected lifetime and warranties of all the subsystems.
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My uncle has solar panels on his roof, he assumed that it pays after 15 to 20 years, according to the energy he produces and how much he needs for him self, the overproduction gets "selled".
So basically you have to do the maths according to your need, your probable output and the possibility to sell overproduction?
Solar panels pay off quite late if you don't have horrendous costs. But therefore you can call your self a little greener 
I will mount some on my house, as soon as i build it ^^
For the ground source heat pump, i have no one i know who uses that, but it seems a quite good thingy.
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I"m sure the panels will wear out, fog, oxidize or some other form of degradation prior to the 15 years are up!
George
Retired Chemist
The Irishman
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When we get to the point of parting with some money, Mrs Wife will be in full control. She always is.
veni bibi saltavi
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Nagy,
I've had a geothermal HVAC system for over 12 years. Depending on your costs, I suspect that the pay-back time has been over estimated. I was in profit in under 10. These systems are extremely reliable and there are potentially more benefits than just economics. If your system uses forced air, in winter the air is warm, not hot. In summer the air is cool, not cold. This reduces issues of hot (cold) zones in the house and large temperature fluctuations. This makes it a very comfortable system.
Normally the system should be set up to preheat your how water too(this might require installation of an insulated storage tank or a larger hot water tank to get the full benefit). I have quite an old compressor, there are now available multistage compressors that are a lot more efficient. hence my feeling that you pay-back should be quicker.
My system cost me 35 - 40% of the heating energy and 30-35% for cooling, giving me a savings of over 60%. Cooling gives more savings than heating as your are pumping excess heat into cold water, not warm moist air as per normal air conditioning systems.
Full disclosure: I also have an 8kW solar array, I'm a lifelong self-confessed eco-freak! (I drive a hybrid too).
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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we're in the process of building a house with group-loop heating / AC. there are some big tax credits for it, for us.
we skipped the rooftop solar because of up-front cost, but it's something we'll do later if the money works out.
modified 5-Mar-15 10:01am.
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Nagy Vilmos wrote: it pays for itself in around 15 years.
99.9% of anything you purchase, especially for your home should "pay for itself" withing 3-5 years, not 15.
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Why?
Purely from an investment standpoint, a certain 6.7% return is pretty damn good. It could be that power is cheaper in Hungary compared to installation cost, but 15 years is very conservative in my experience.
If you are planning to sell within the 5 year horizon, you might not get the full value, although it should add to the selling price of the home.
Many things we buy are effectively for consumption and have no payback per se. Even something like a geothermal installation might also improve comfort. and getting a return is a bonus, so the statement is questionable.
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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I personally don't know many people who have been in there home for more than 15 years. Getting a return on your investment in 15 years is totally absurd to me for a heating/cooling system.
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Who said you need to be there for 15 years? Any real improvement in a house is reflected in its selling price.
Again, if you sell in less than 5, you might take a bath, deeper research and advice from real estate professionals would be required as the value of the home is unlikely to be raised by the original installation cost.
You could use exactly the same argument against new windows, a new roof or almost any home improvement. Try selling a house with any major feature missing or in poor repair!
You get a return on your investment in year 1. It's only a wise investment if the return and the residual value (in this case how much it increases the value of the house) is better than placing the investment elsewhere and/or you get some other perceived value.
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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PhilLenoir wrote: Any real improvement in a house is reflected in its selling price.
IMHO, not an entirely true statement.
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So you're saying you think people would pay the same for a house with leaky, compromised windows than for the same house with new double glazing or one that costs 1500 a year to heat and cool than one that costs 500?
If this is true in your real estate market, I suggest that it's not normal.
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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Not the same, but you can't expect your investments to be fully amortised through higher sales prizes! I can tell you from first hand experience, as I'm currently selling my house. As matters are, getting back more than 50% of my investments from the past two years seems highly unlikely. (and that's before fees and taxes, which are raised due to the potentially higher sell price)
At the very least, by asking for a higher sell price you're excluding potential buyers simply because they can't afford it, no matter how much they would be saving in the long run (e. g. due to geothermal heating).
Even for those taking a look, whatever you invested money in may not have been to their liking, or they might have been able to get a better deal for doing the same. Therefore it will not have the same value for them as it has for you.
GOTOs are a bit like wire coat hangers: they tend to breed in the darkness, such that where there once were few, eventually there are many, and the program's architecture collapses beneath them. (Fran Poretto)
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Stefan,
That's not what I stated. the amount you get back depends entirely on the type of "improvement", how long and how well it was done (and other factors). Sometimes an investment is more than recouped. There's a whole slew of TV programmes based on this (the UK's Secret Agent being just one of these). There are some conditions in a property that are so off-putting that they severely depress the value. Most commonly and perversely, these are usually actually trivial in nature and decorative.
On the other hand, some alterations to a house might actually reduce it's value (e.g. doing something that doesn't comply with building codes or really bad decoration).
I used the term "Real Improvement" to mean something like improved insulation, more efficient heating/cooling, repairing an obvious flaw (a leaky roof). I also used the term "reflected". This does not necessarily mean full recovery of residual value. There are many variables involved in a value of property, but any real improvement will increase the value.
How much an alteration affects value would have to be considered taking these many factors into account. Creating a $2M house next to a municipal dump is a poor investment decision. The person wanting a $2M house will not buy there. Having said that it has more value than a leaky half-standing hovel next door; it's just not a good investment choice.
This sub-thread started with the statement along the lines that you should never make an investment with payback of less than a few years. If this were true, nobody would ever put in new windows, re-shingle a roof .... In my view the statement was a silly one. Many (most?) purchase decisions we make have no pay-back, they are simply consumption. In Economics the terms "list of preferences" and "perceived value" are used; these concepts drive our buying decisions, even investment decisions - Blood Diamonds might have been a good investment, but you'd never find me investing in them.
Back to Nagy's original question: Even a 15 year payback is simply looking at energy expense versus installation cost. What if he'd need to install or upgrade the existing heating system anyway? What if there's no air conditioning and he values AC highly. If he sells the property on 10 years time, how much will the improvement affect the expected price. Finally what about his personal perceived value. All these points are valid and make a mockery of the original post that I replied to. Now if your argument is that you plan to, or are likely to, move in 2-3 years then that makes many major improvements questionable from an investment standpoint. There is a bell curve and timescales and local market conditions and projections should guide such decisions. Nagy's a smart guy (at least when he's off the gin [second thoughts - cancel that, I'm not sure he's ever off the gin!]) and I'm sure he'll figure it out.
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
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I can totally agree with that. I just disagreed with your previous, simplified statement.
re Nagy: he doesn't seem to plan selling his home, and therefore making long-term investments may make sense. Of course, if in a couple of years he finds himself in a situation where he needs to move out, that would be different situation, based on different facts. When this happens, he needs to make a new evaluation and minimize his losses (if any). But it's hard to argue with respect to such a future decision without knowing the reasons, so we may as well advise him based on his current intentions alone. I'm sure he's clever enough to realize that selling his house short term will likely incur financial losses, but that's probably true even without such investments (there are always taxes and fees).
Warning him about potential additional losses in case of a 'premature' sale is fair enough, but I take Nagy's post to focus on the question whether it even pays off if he keeps the house. Of course, we could estimate the cahnces he'll sell the house in x years times as a function of x and calculate an estimated loss due to his investment and not getting full payback via the sale, but there are way too many unknowns to get a reasonable value.
GOTOs are a bit like wire coat hangers: they tend to breed in the darkness, such that where there once were few, eventually there are many, and the program's architecture collapses beneath them. (Fran Poretto)
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If you plan on retiring in that location, than a 15 year payoff might be bearable.
You can probably assume some inflation on energy prices that reduces the payoff window.
As you switch from salary to pension, you're monthly expenses could be quite low.
My uncle has had a system like this for about 20 years and loves it. His system required drilling two well shafts a few hundred feet deep. (vertical pipes vs. horizontal pipes)
On a very hot summer period (multiple daily highs over 100F), It managed to keep the house at 80F during the peak heat, and was able to cool to the target 78F overnight.
The integrated hot water tank was scalding hot during this time.
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A neighbor of mine had a system like that. The only problem came when a developer wanted to build in the area surrounding the neighborhood. My neighbor discovered that the aquifer level beneath his house would have lowered enough after the development that it would have rendered his system useless. Fortunately, this was symptomatic of other water problems with the development, and that helped prevent it.
Software Zen: delete this;
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