Thread: Solar
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Old 08-09-2016, 03:45 PM
outlaw outlaw is offline
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SECO is a coop, and therefore, does not offer any type of rebate. You still will get the Federal tax credit. I looked into going solar, but determined the payback was over 10 years. That's a long time for a senior! Also, the contract that you would have with SECO can be changed at anytime (according to the contract wording, as I recall). No one knows what "additional" charges the power supply companies (SECO or Duke) will come up with to separate you from your "free" power. It could be increasing equipment rental, monitoring costs, hook up fees, zero reimbursement for excess power, etc. Then there are the costs of maintenance/cleaning of the solar panels and electronics, which is not zero dollars. Then, you have the issue of roof maintenance, leaks, shingle replacement, all complicated and more expensive with the solar system installed. Also, your insurance may be affected once you add solar panels.