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If they haven't placed any orders or started work, you should be able to cancel unless this is some kind of predatory contract and company.
that’s a good price. 75% of your energy usage is a good target too. I only had room for 18 panels which covers about 68% of mine. I’m 5 years into a 12-year payoff and not planning on moving. That should def be a factor in any decision.pollardsvision said:
Our home is just under 1700 Sq feet. Have a fairly new AC unit purchased 3 years ago Avg bill $260. Our bill for this month $206. Payment for solar $188. So savings not all that great in my opinion. 49 grand pretty intimidating. I mean my last car cost me that but the financing for that was 3 years so big difference between that and 25 years. If I was wealthy then I would seriously consider buying them outright then the savings would be worth it.
It only went down $54? Or are you talking about your average bill here? Either way, that $90 a month in "savings" isn't likely worth it. Our payment now for the panels if I don't pay extra on it is $350 a month. Our average bill was close to $500 a month in spring...oddly enough with the heating in the heat pump during "winter" it was like $400. It made sense for us to do it. Doesn't sound like it makes much sense for you to do it.
Avg. But your right just not enough savings. Usually I just say not interested to these guys. Hope I'm not losing my edge. Or worse yet turning old and getting easier for someone to get over on me.
If that last part is a concern, it might be possible to have someone who monitors spending and that sort of thing to prevent scammers from targeting you. Either a trusted relative or a fiduciary should do. An elder law attorney should be able to help and provide some peace of mind.
I wouldn't feel too bad about it. I'm sure a lot of us in here have had buyers remorse at one time or another. I know I have. Pretty much every large purchase I've made in my life makes me really question myself.
Yes I called AKE told them I wanted to cancel . They were very nice. Gentleman told me he would send me acancelation page along with finance company contact number. Of course when I received the e-mail there were no attachments. I did contact the finance company. I still had their number handy. Canceled loan with them with no problem. So there is no cash for the panels. Seems I may have worried myself into a tizzy over nothing. I'm still going to contact AKE but I think I can rest easy.
We put ours in so we would have power after hurricanes and other emergencies. I figure that's got to resonate with some people. It does help that any added value can't be added to the house's taxable value (in the state of Texas).
Yeah, I think it's a nice "feature" kind of thing. Was just wondering if anyone had a monetary translation for that. Like 25% ROI? 50%? 90%? In Florida when it comes to taxes, that's all determined by sale price. At that point taxes are adjusted. We do have times where they come through and do tax appraisals one off, but that hasn't happened since we've lived here (almost 5 years now).
I think the contract that I had signed stated that the new owners could take over the contract or decline to. Which is another thing that worried me. Sale the home move and still be stuck with payments on something that I no longer have.
It’s like a pool in that it’s hard to quantify the increase and often it is a subjective number. Honesty it’s nearly impossible to know what someone would have paid for the house without the item (pool/solar).
Damn, there’s the big money maker. If you have to sell, you are stuck. I wonder if they take the panels down and will put them on your new house (certainly at a cost) or if they just use them again. I can’t imagine if the new homeowner declines that they’d leave the panels there. Would be interesting to see what it says in the contract about moving and new homeowner declining.
In Cali (maybe elsewhere too I don’t know) the solar loan is tied to the house via a lien. The new owner can’t opt not to have them. The loan is either paid off by the seller or the payment is assumed my the new owner.
Yeah...I guess I was hoping there might be something out there. I haven't seen anything concrete. It does feel like an advertising/sales pitch sort of thing. We've had a TON of these systems going up around us.
That's probably the way it is here. I'm not the sharpest tool in the shed. That certainly sounds right.
It depends.....part of mine was, part of it was a traditional personal loan with a "green" financing company.
That sounds eerily similar to the situation that scared me away from purchasing the house in vegas that I was interested in a few years back. The person selling the house was an older lady that got suckered into getting solar panels on a bad contract. Everything was easy and cheap/free for her up front—but much like an mortgage with an adjustable rate—the terms got worse and worse as the contract aged. My broker and I were wondering why the property was on the market for longer than others being that it seemed that it was priced in line with comps—and the moment my realtor saw the terms of the solar contract—he motivated me to back away. He said something to the effect that the contracts that solar companies use are designed by lawyers and experts to be really easy to get into—but are brutal to get out of. Effectively—if I were to buy that home—I most likely would have had to pay off the solar contract to remove them as a third party element—and once that was factored in—the house wouldn’t have been a great value at the time.
If you have a new roof and saving $70/month I think its a no-brainer. That being said, $49k for the whole system sounds like a lot. I was quoted $35k last year. We were about to move forward with the project until COVID hit. Although in hindsight I dont have a new roof so Im second guessing if we should do it now.
Oh yes. I am I interested in the concept but a bunch of 25 year old JAGs knocking on my door nightly ain’t gonna convince me.
Sounds to me like she had a lease not a purchase. With the leases they stairstep every couple years and the costs increase. With the purchases it’s like an new car purchase in that your price is locked in through the term of your contract. The lease honestly makes no sense to me as it’s not that much cheaper than the purchase option.
No no batteries. I was able to finalize cancelation today thanks to a very nice young girl at Office Depot. I told her I was very tech impaired and really didn't know how to do what they wanted on this dogon smart phone. She did everything for me.. I think I got really lucky this time that I didn't screw myself. I guess the sun even shines on a dog's butt sometimes.
I don't get thie, either. We paid 49K for the panels and three power walls. (We have a 1900 sq ft house.) How was your offer so expensive? I don't think panels are that much pricier in Florida.
Surely your best large purchases come from folks going door to door. Salt of the earth folks imo.
I'm thinking maybe the salesman sold me on there most expensive panels possibly. The only add on was some kind of special meter. He did ask if I wanted the generator I said no because it added about 10 grand to an already expensive price tag.
Dude, we bought Tesla. How much more expensive could they be? And the point of having solar is so you don't need a generator.
In fairness Tesla is by far the cheapest option on the market. My Tesla quote was almost the same but it included a Tesla wall where the one I have didn’t. I ended up not using them as their timeline for completion was way longer and I have a buddy who just used them and has had a nightmare customer service experience (which mirrors what I’ve heard elsewhere).
These were Hyundai panels. According to their site they should cost between $15000 and $21000 so I am not sure what he was selling me. Maybe finance Co has something to do with it. They are called Goodleap a green financing company. Maybe just saw a fish and went for the biggest commission he could get.
But it doesn't add anything at all.
If you have batteries too. The cost of those when we were buying didn't make any sense. What we'd need for storage basically doubled our cost at the time and I'm not sure we'd have a place to put the battery cells.Mrs. Rannous said:
Agreed. We didn’t go with the battery backup right now for 2 reason. 1- the price is high but as demand increases and new homes (in Cali all new home tracks must have solar and soon must have battery backups) come on line the price will drop significantly. 2 the whole home generator pricing is far cheaper at the moment.
They aren't that large. They are all linked inside of our garage. They are about two feet deep and two-and-a-half feet wide. They take up about the same space our lawn mower did.
