Anyone deal in solar or wind power for homes?
- Thread starter Ambrosio Aquatics
- Start date
I use solar in my house and love it! I don't deal but can give you a contact if you are looking for a referral. Takes some time to get everything set up due to permits and stuff but once it's up and going you don't have to do a thing. Plus you have an option to lock your payment for the next 20 years.
No problems with HOA whatsoever. They are actually pretty supportive on solar. The system that's on my house is guaranteed to produce a bit more than 12,000 KWh first year then they estimate that production would decrease by about 0.5% each year after that. I went with a 20year lease option as I didn't have cash to pay for it right away, even with all the rebates it would have cost me more than 10k. If I remember correctly the best ROI would be to buy the system outright and collect all rebates. Lease option is still better than buying electricity from Excel.
I would be very careful with leasing. Could be a nightmare if you have to sell the house. Google you'll see lots of warnings and issues. Show the contract to a lawyer before you start or sign it. Not that every deal is bad. Should try to buy (as reeftankulous said) via HELOC etc if you can. It's a good time to refi...so you could check into that if you qualify...could be another way to do it without spending a dime...