GET HOME SOLAR OR BUY AN EV - WHICH IS BETTER? I RAN THE NUMBERS.

EV Channels Review

John Cadogan critically evaluates the decision between installing home solar and purchasing an Electric Vehicle (EV), ultimately advocating for solar as the superior investment. He presents a detailed breakdown of his own solar system's costs and savings, demonstrating a 10% tax-free return on investment, which he contrasts favorably with a low 3.8% return from a term deposit. Cadogan highlights the environmental benefits, estimating significant CO2 reductions compared to EVs. He argues that EVs are twice the price for half the CO2 benefit, are more resource-intensive, and suffer from significant depreciation, making them a harder sell on rational criteria. While acknowledging the intangible benefits of EVs, he concludes that home solar offers a more pragmatic, economically sound, and environmentally effective action for consumers today.