January 2014 Net Worth Update (+0.79%)

Feb 02, 2014 @ 06:02 pm by EMS

Thanks to receiving the state rebate for our solar installation, we were able to post a positive new worth increase in January 2014.  The market suffered its worst month in several years, which in my opinion is an adjustment that is long overdue.  I wouldn’t be surprised if the downtrend continues through the first quarter of the year.

The solar rebate amounted to about $5,500, and I immediately put that towards the home equity loan that we opened to financed the solar and heating upgrades in October.  I took our first stab at our federal rebate, and it looks like we should be getting about $14,000+ back as a rebate (again, mostly due to the solar credit of 30%).  As soon as that rebate is processed, I’ll be putting that money towards the loan and then refinancing to obtain a much more manageable monthly payment.

January 2014 Net Worth

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