Quote:
Originally Posted by woj
you committed to paying $117 x 12 months x 20 years = $28k for it all
and you will generate $300 or so worth of electricity per month? so that means everything will have to work smoothly and without any glitches or problems for 93+ months (almost 8 years) in order for you to come ahead...
which is far from a sure thing, the system could break at any time, and the company could be out of biz or just jerk you around about getting it fixed... plus there are various pitfalls, like inability to sell the house, having to clean the panels regularly, some parts might not be covered under warranty, warranty might only cover parts but not labor to replace it, etc
so likely you will indeed come out ahead with this setup, but it's far from a no brainer that some are making this out to be...
|
It's a no brainer for me. The warranty covers everything. If the company goes out of business and something breaks down, well, we'll cross that bridge when that time comes.
Let's say the company goes out of business and something breaks down... We pay for repairs. We still come out ahead cost wise.
We can also expand in the future if we need to as well - say we get to Teslas or electric cars in a few years. We can quickly add in other panels.