No, I did not discount the inverter replacement costs....the reason being is that I feel that costs will decrease and offset the rate of inflation thus in today's dollars the price will be equivalent. No salvage value......in 25 years I'll be dead and they will just bulldoze the ground mounts and rip the smoking inverters off the wall.

But based on my experience to date...I think the the 25 year life is doable. The Kyocera panels are very well made and the Fronius inverters run cool. But you never know.
Still, my payback is around 7.5 years and IRR is projected at 12.31%
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