Talk of The Villages Florida - View Single Post - Home with a Solar System Lease; should I buy or not?
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Old Yesterday, 05:51 PM
BrianL99 BrianL99 is offline
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Quote:
Originally Posted by kbrkr View Post
Assumptions:

1. The system is leased.
2. Net Profit/Loss I estimate to be a loss; meaning I pay more for system than what I save on electric based on average cost per kwh.
3. Cost of all payments over 25 years is $56k
4. No Batteries; so won't have power fail backup
5. Lease is assumable to new homeowner.
6. We love the home they are attached to.
7. Seller has reduced asking price by $20k

Asking the Hive mind if we should just go ahead and purchase the home; which we really love.

Thank you!
Yeah, if it's price $100,000 less than what it's worth, without the Solar System.

$56,000 to pay for a Solar System that's going to lose you money.

An extra $15,000 when you need to replace the roof ... & take the solar system on & off.

Plus aggravation.

There's nothing special about any home in The Villages. No matter what you want or where you want it, another will be coming along for sale.
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