Thread: Solar
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Old 07-21-2016, 12:44 PM
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villagetinker villagetinker is offline
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Originally Posted by wjrica View Post
So, if I understand you correctly, it would be best to pay in full with your own funds.
Yes, please do your own financial analysis, but by using a HE loan, you can deduct the interest from income tax, while if you finance through a vendor no such luck. Also, the HE loan rate will probably be lower the vendor rates.

If you are still looking, get at least 2 or 3 quotes, double check warranty, at least 5 years for workmanship, and 20+ years on the solar panels.

Check homeowners insurance for the panels. It would probably be a good idea to check the rating of the roofing system for the additional weight.

Hold off on your system if your roof is older as the solar panels will need to be removed when the roof is replaced.

Allow additional costs if you decide to incorporate a storage (batteries) in your system.

Make sure you are hiring a licensed PV installer, and that the equipment is rated for Florida weather, specific the wind loading.

Hope this helps
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