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Solar Panels - Yay or Nay
Posted on 7/14/23 at 10:35 am
Posted on 7/14/23 at 10:35 am
Is this a scam or is it worth it?
Posted on 7/14/23 at 10:36 am to MisslePig
Scam
My favorite is when the install them over top of roof that obviously needs replacing.
Lots of people like getting scammed though. Just look at gutter guards.
My favorite is when the install them over top of roof that obviously needs replacing.
Lots of people like getting scammed though. Just look at gutter guards.
This post was edited on 7/14/23 at 10:38 am
Posted on 7/14/23 at 10:36 am to MisslePig
Could they be anything in between?
Posted on 7/14/23 at 10:37 am to MisslePig
What I want to know is what you do when you have to re-shingle the roof.
Posted on 7/14/23 at 10:37 am to MisslePig
If you're paying full price, it's a scam.
Posted on 7/14/23 at 10:38 am to MisslePig
Look at a map of solar irradiation.
Red/dark red = yes
Orange = Maybe
The rest = No
Red/dark red = yes
Orange = Maybe
The rest = No
This post was edited on 7/14/23 at 10:40 am
Posted on 7/14/23 at 10:38 am to MisslePig
Depends why you want them
If you're worried about losing power you're far better off with a backup natural gas generator or something
If you're worried about losing power and are mostly off the grid or far from civilization then i can understand the appeal
If you're worried about losing power you're far better off with a backup natural gas generator or something
If you're worried about losing power and are mostly off the grid or far from civilization then i can understand the appeal
Posted on 7/14/23 at 10:39 am to MisslePig
Well it’s dark half the time but they still charge you full price. You should be able to figure it out from there.
Posted on 7/14/23 at 10:39 am to MisslePig
I've seen some illustrations where they are using solar panels for patio covers. That may make sense, but not on your roof.
Posted on 7/14/23 at 10:50 am to MisslePig
I have solar panels. My elec bill for June was $6. Solar powered the rest from energy stored in batteries.
Posted on 7/14/23 at 10:53 am to MisslePig
It all depends on where you live and how much sun you get. Our house has them and in the last 12 months I've paid a total of $114 for electricity, but I live in CA where we get sun basically everyday.
Posted on 7/14/23 at 10:57 am to MisslePig
I had a neighbor who built his own setup. He bought the panels, the rest (battery setup, storage, etc.) he put together himself. He saved a hell of a lot of money, and was legitimately off the grid as far as electricity was concerned.
He also had an outdoor incinerator with a heat pump for Winter, and the best well water within 50 miles.
He let his wife talk him into selling the place and moving to "town".
He also had an outdoor incinerator with a heat pump for Winter, and the best well water within 50 miles.
He let his wife talk him into selling the place and moving to "town".
Posted on 7/14/23 at 11:00 am to MisslePig
I don’t really know shite about them except that I have one friend who has them and his latest Entergy bill was like $50
Posted on 7/14/23 at 11:00 am to MisslePig
Not a bright idea
Posted on 7/14/23 at 11:00 am to MisslePig
Not a scam, but don’t see how it’s possible to recoup the cost. You prob won’t live in your house long enough to do so and they don’t raise the property value to a buyer.
Last I heard $100/panel to remove for a new roof and your trusting the Mexican guy to put them back on right.
Last I heard $100/panel to remove for a new roof and your trusting the Mexican guy to put them back on right.
Posted on 7/14/23 at 11:08 am to MisslePig
We bought a house that had them installed previously and our electric bill is less than $100 a month. Our neighbors are always over $300. I was not a believer before but I can't deny the savings on my bill.
Posted on 7/14/23 at 11:20 am to MisslePig
The scam is that you need 7-10KW worth of panels in Louisiana to reduce your bill by half; maybe more if your house is bigger than 2500sqft.
They want to lease it to you (vs you owning it outright) because they get all the government tax incentives and future asset depreciation. A ROI on a leased system is around 2 years in the right state.
They want to lease it to you (vs you owning it outright) because they get all the government tax incentives and future asset depreciation. A ROI on a leased system is around 2 years in the right state.
This post was edited on 7/14/23 at 11:21 am
Posted on 7/14/23 at 11:38 am to MisslePig
quote:
Solar Panels - Yay or Nay
it all depends on your individual situation.
1) How long you plan to stay n the house
2) age of roof. if older roof, you have higher chance to need to pull off the panels to replace room (this will add to the payback time)
3) gas/electric house? all electric?
4) trees around the house that have potential to block light exposure.
5) trees/dirt feilds/construction that could add to dust/pollen that coats the panels reducing exposure
6) hours of sun per day
7) quality of panels. most panel effeciency will drop between 0.5 % and 3% per year. at 0.5% loss in 20 years they will produce at max 90% of original output.
8) are you getting a tax break? yes. then years of payback will decrease, no the full term payback
say you buy a 6kW system for $20,000 (no tax break) and save $150/mo. without factoring in efficiency loos over time, you have an 11+ year payback. (on a 20-25 year lifespan)
a $20k invstment for 11 years at 4% would be worth $30k,......
Posted on 7/14/23 at 11:47 am to MisslePig
Back when Obama was paying you back for the majority of them or wanting to, yes.
I wouldn’t pay full price for them.
I wouldn’t pay full price for them.
This post was edited on 7/14/23 at 11:51 am
Posted on 7/14/23 at 12:02 pm to MisslePig
Massive scam
Doesn’t save you all that much money
You’re on the hook for tens of thousands of dollars
Don’t try selling your home if you still owe money on them. Otherwise you’re gonna have to pay them off, hardy any buyer out there is willing to assume a separate loan on solar
Also, it adds zero value to your home when it comes to selling. No buyer is going to want to pay 10-20k over market value for a home with solar, when they can get one without
Doesn’t save you all that much money
You’re on the hook for tens of thousands of dollars
Don’t try selling your home if you still owe money on them. Otherwise you’re gonna have to pay them off, hardy any buyer out there is willing to assume a separate loan on solar
Also, it adds zero value to your home when it comes to selling. No buyer is going to want to pay 10-20k over market value for a home with solar, when they can get one without
This post was edited on 7/14/23 at 12:07 pm
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