Thread:
Buying home with FINANCED solar?
03-16-2021, 12:40 PM
-
#61
03-16-2021, 12:41 PM
-
#62
- rectifryer
- enlightened
-
- rectifryer
- enlightened
- Join Date: Sep 2012
- Posts: 25,634
- Rep Power: 208783
-
-
to be fair if you pay 22k for a system to replace what was a $75/month bill then you either got ripped off or you over bought incredibly.
$75/month is likely under 5kw so no, it wouldn't make sense to buy a 15kw system and compare the two.
Lets keep it apples to apples here...
I think solar is basically breaking even right now but that assumes nothing goes wrong, you put it on a new roof, and you won't sell your house for a while. These are all things that are likely to go wrong, so solar isn't quite a smart choice, yet.
Not to mention if you're buying from a company that won't be here in 5-10 years then you're likely throwing money away. They won't be around for any warranties...
$75/month is likely under 5kw so no, it wouldn't make sense to buy a 15kw system and compare the two.
Lets keep it apples to apples here...
I think solar is basically breaking even right now but that assumes nothing goes wrong, you put it on a new roof, and you won't sell your house for a while. These are all things that are likely to go wrong, so solar isn't quite a smart choice, yet.
Not to mention if you're buying from a company that won't be here in 5-10 years then you're likely throwing money away. They won't be around for any warranties...
Boycott foodservice industry crew
03-16-2021, 12:48 PM
-
#63
RE brah checking in, if they're still financed and put on by the previous owner it should be paid out from seller proceeds at closing. However this market is a load of bull**** and who knows anymore. Id personally look elsewhere, unless this place checks every single box
03-16-2021, 12:52 PM
-
#64
- woofermazing
- Registered User
-
- woofermazing
- Registered User
- Join Date: Jun 2010
- Location: Austin, Texas, United States
- Age: 42
- Posts: 3,934
- Rep Power: 3201
-
-
Lots of people around here install them right before selling and roll a bunch of credit card debt in with the solar loan.
Buyer assumes the loan and you get empty credit cards.
We looked at it, but wouldn't break even for 30+ years. Paying upfront would have dropped it to 15 years.
What the companies do is sell you the panels with a bunch of other energy efficient upgrades. Insulation, variable pool pump, tankless water heater, thermostat, etc.
It looks like you're breaking even because the other upgrades drop your bill. But really you would be even better off if you just bought the upgrades without the panels.
Buyer assumes the loan and you get empty credit cards.
We looked at it, but wouldn't break even for 30+ years. Paying upfront would have dropped it to 15 years.
What the companies do is sell you the panels with a bunch of other energy efficient upgrades. Insulation, variable pool pump, tankless water heater, thermostat, etc.
It looks like you're breaking even because the other upgrades drop your bill. But really you would be even better off if you just bought the upgrades without the panels.
03-16-2021, 08:56 PM
-
#65
- Nonsense916
- worst poster on the misc
-
- Nonsense916
- worst poster on the misc
- Join Date: May 2010
- Posts: 54,085
- Rep Power: 321216
-
-
Previous owner was paying $80 a month on average
Inb4 I rent out the garage to be a nursery
Inb4 I rent out the garage to be a nursery
Losers let it happen, winners make it happen.
Nonsense Army Crew.
Bookmarks
-
- Digg
-
- del.icio.us
-

- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
