Quote:
Originally Posted by kbrkr
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!
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If these are just assumptions, you need all the facts. There are different types of solar systems. It needs to be a Type 2 system to supply all your electric. That requires a million dollar liability. Even then, no guarantee if there are too many rainy cloudy days. The seller probably benefitted from the tax credit, so should pay off the lease!