Thinking about solar panels for electricity? Anybody on here using them? Who did you use and what is your savings on electricity? Buy or Lease??
Solar Panels
- Thread starter northeastmopar
- Start date
-
69MOPE
Well-Known Member
You may want to wait. MIT has recently had great breakthru's in solar technology.
69MOPE
Well-Known Member
We just recently went solar. In fact, so recent that we're still waiting for the utility company to do their final inspection and give their blessing so we can turn the system on. I can't yet verify the savings.
We went with a lease through a company called Solar City since they offered a deal with absolutely no out-of-pocket expense. Their offer came at the perfect time because we'd just had two straight months of hot weather that resulted in electric bills of just under $200 per month. And that was with minimal air conditioning time.
The estimate for the combined lease and electric bill payment is under $80 per month for the months with the most usage. And the rates are locked-in for the next 20 years. No matter what, there will be some savings under our current electric rates and even more in the future as utility company rates increase.
We could have saved more on the monthly payments by doing a purchase rather than a lease, but a purchase didn't make economic sense to us. You definitely have to look at all factors before you make your decision.
We went with a lease through a company called Solar City since they offered a deal with absolutely no out-of-pocket expense. Their offer came at the perfect time because we'd just had two straight months of hot weather that resulted in electric bills of just under $200 per month. And that was with minimal air conditioning time.
The estimate for the combined lease and electric bill payment is under $80 per month for the months with the most usage. And the rates are locked-in for the next 20 years. No matter what, there will be some savings under our current electric rates and even more in the future as utility company rates increase.
We could have saved more on the monthly payments by doing a purchase rather than a lease, but a purchase didn't make economic sense to us. You definitely have to look at all factors before you make your decision.
Hemioutlaw
Make America Great Again!
Tax credits should also be investigated.
what's so stupid about this whole solar deal
technology, hardware is there right now to equip various houses and small business with solar grid tie
need some sort of affordable low interest deals
tax credits do no good if you on borderline with no capitol
should be a mandate to force power co's to be involved
technology, hardware is there right now to equip various houses and small business with solar grid tie
need some sort of affordable low interest deals
tax credits do no good if you on borderline with no capitol
should be a mandate to force power co's to be involved
-
