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Solar Panels Experiences?
Posted on 6/11/15 at 12:10 pm
Posted on 6/11/15 at 12:10 pm
Just had solar panels installed. Any experiences out there? The tax incentive seemed worth it. I haven't figured this damn meter yet. 
12
Posted on 6/11/15 at 12:13 pm to lsubkd
I was always skeptical because, I assumed that elect. minimum rates will go to 100.00 instead of 35.00. this would really piss me off. and.....don't be surprised if this doesn't happen in the near future. if you think that elec. companies are going to lay off because of these solar panels, think again.
Posted on 6/11/15 at 12:29 pm to tigerdup07
Seriously, why is Louisiana subsidizing these panels given our budget situation?
Posted on 6/11/15 at 12:30 pm to Kingpenm3
quote:
Seriously, why is Louisiana subsidizing these panels given our budget situation?
I don't think that they are being subsidized anymore. but, I could be wrong.
Posted on 6/11/15 at 12:30 pm to lsubkd
I did solar attic fans a couple of years ago. They are fantastic. With all the tax incentives. The whole thing cost me like $300. I am considering panels for the house now.
Posted on 6/11/15 at 12:34 pm to lsubkd
A buddy of mine just started working for Southern Solar out of Franklinton. He told me that there is absolutely no out of pocket costs for the buyer and that everything is paid once tax returns are paid out next year. Sounds too good to be true honestly
Posted on 6/11/15 at 12:36 pm to ForeverLSU02
quote:
A buddy of mine just started working for Southern Solar out of Franklinton. He told me that there is absolutely no out of pocket costs for the buyer and that everything is paid once tax returns are paid out next year. Sounds too good to be true honestly
Pretty sure this is incorrect.
Posted on 6/11/15 at 12:36 pm to Kingpenm3
quote:
Seriously, why is Louisiana subsidizing these panels given our budget situation?
There's much more useless things that could be cut out of the budget. Solar is the future whether you like it or not!
Posted on 6/11/15 at 12:36 pm to ForeverLSU02
if you outright buy I think you still get a good deal, they stopped giving the credits for leasing though
but be prepared for the state to take their sweet arse time in giving out that refund
but be prepared for the state to take their sweet arse time in giving out that refund
Posted on 6/11/15 at 12:37 pm to Lambdatiger1989
This is what I got:
Typical Grid Tiered PV System w/radiator barrier
Cost $25,000
Federal Tax Credit - $7500
Sate Tax Credit - $12,500
Net cost to me is $5,000 @ 18 month interest free.
Typical Grid Tiered PV System w/radiator barrier
Cost $25,000
Federal Tax Credit - $7500
Sate Tax Credit - $12,500
Net cost to me is $5,000 @ 18 month interest free.
Posted on 6/11/15 at 12:38 pm to BilJ
quote:
if you outright buy I think you still get a good deal, they stopped giving the credits for leasing though
Posigen out of N.O. leases solar systems. Probably hurting pretty bad from that.
Posted on 6/11/15 at 12:40 pm to Black n Gold
quote:He said that the unit is $25k. Federal Tax credits of 30% = $7500. State Tax credits of 50% = $12,500. The company cuts you a check for $5000 when they are installed. $25k has to be paid in one lump sum within 18 months of installation. No interest over those 18 months
Pretty sure this is incorrect.
Posted on 6/11/15 at 12:40 pm to lsubkd
quote:This is the same thing that Southern Solar told me, except they cut you a $5000 check so you owe nothing
This is what I got:
Typical Grid Tiered PV System w/radiator barrier
Cost $25,000
Federal Tax Credit - $7500
Sate Tax Credit - $12,500
Net cost to me is $5,000 @ 18 month interest free.
Posted on 6/11/15 at 12:49 pm to ForeverLSU02
I stand corrected. So the state credits are still in place for purchased units?
Posted on 6/11/15 at 12:52 pm to ForeverLSU02
How'd you get the $5000 back?
Posted on 6/11/15 at 12:54 pm to Black n Gold
quote:I was told that the credits for certain unit sizes expires July 1st. The unit must be installed by that date
I stand corrected. So the state credits are still in place for purchased units?
Posted on 6/11/15 at 12:54 pm to Black n Gold
Yes, the tax credits apparently are soon to be diminished.
Posted on 6/11/15 at 12:56 pm to lsubkd
quote:They give you a $5000 check upon installation of the units to be used towards the $25k payoff.
How'd you get the $5000 back?
Posted on 6/11/15 at 12:58 pm to ForeverLSU02
I'm having my Panels installed today from Southern Solar. The $5000 they give you is taxed as if you are an employee for them. They put a sign at the end of your road and you are told to give them 4 names that are interested in the Solar Panels. They will mail you a tax form next tax season. That is the only money that you will have to pay once you file your taxes. He said it comes out close to $1500. That's not bad at all.
Posted on 6/11/15 at 12:59 pm to cajunrabbit
quote:Hmm. I'll have to ask him about this
The $5000 they give you is taxed as if you are an employee for them. They put a sign at the end of your road and you are told to give them 4 names that are interested in the Solar Panels. They will mail you a tax form next tax season. That is the only money that you will have to pay once you file your taxes. He said it comes out close to $1500. That's not bad at all.
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