Thank you for that info. I didn't realize that if you paid to install them that you don't own the panels. So, you are only paying $43k for installation?
Thank you for that info. I didn't realize that if you paid to install them that you don't own the panels. So, you are only paying $43k for installation?
The $43k was to LEASE them. So, you’d pay your electric bill (my neighbor said it wouldn’t be higher than $140 to provide ‘base load’) PLUS your lease. She said it was about $240 a months for 15 years to lease. 🙄 So, I showed her $240 X 180 months = $43,200 in total payments. $240 PLUS your electric bill if $140 = $380. And her electric bills were not that high. I said when your electric bill exceeds $500, then come back and talk to me.
I swear, these sales people scare the older people into thinking the world is ending for fossil fuel and they MUST buy solar. Meanwhile, the leasing company gets all the tax credits! 🤬
Fred, what is your average bill, not in the summer months?
Here are things to think about, for what it’s worth:
1) do you want to mount these panels on your roof? If you can put them in a field, if you have room, that’s a better bet.
2) how old is your house? Was it built to higher codes to handle the increased weight of the load?
3) check with your homeowners insurance if they’ll even continuing covering your home once the panels are installed. Many carriers have experienced increased fire loads with these panels. And faulty installation has been an issue, as well. Liberty Mutual will not cover a home with solar panels. If they are your carrier and you didn’t tell them about the installation, they will deny your claim if you have a loss. Be mindful of the cascading effects of what you do to your home with insurance. 💡
4) if you lease the panels and stop paying, they will come and remove them. That might be a problem.
5) what will happen if you sell your home? Will this be a + or a -?
Thank you for that info. I didn't realize that if you paid to install them that you don't own the panels. So, you are only paying $43k for installation?
The $43k was to LEASE them. So, you’d pay your electric bill (my neighbor said it wouldn’t be higher than $140 to provide ‘base load’) PLUS your lease. She said it was about $240 a months for 15 years to lease. 🙄 So, I showed her $240 X 180 months = $43,200 in total payments. $240 PLUS your electric bill if $140 = $380. And her electric bills were not that high. I said when your electric bill exceeds $500, then come back and talk to me.
I swear, these sales people scare the older people into thinking the world is ending for fossil fuel and they MUST buy solar. Meanwhile, the leasing company gets all the tax credits! 🤬
With many many days over 100F last summer, I had 3 consecutive months of >$500 electric bills.
Fred, what is your average bill, not in the summer months?
Here are things to think about, for what it’s worth:
1) do you want to mount these panels on your roof? If you can put them in a field, if you have room, that’s a better bet.
2) how old is your house? Was it built to higher codes to handle the increased weight of the load?
3) check with your homeowners insurance if they’ll even continuing covering your home once the panels are installed. Many carriers have experienced increased fire loads with these panels. And faulty installation has been an issue, as well. Liberty Mutual will not cover a home with solar panels. If they are your carrier and you didn’t tell them about the installation, they will deny your claim if you have a loss. Be mindful of the cascading effects of what you do to your home with insurance. 💡
4) if you lease the panels and stop paying, they will come and remove them. That might be a problem.
5) what will happen if you sell your home? Will this be a + or a -?