No cost solar power coming to tv
Does anyone have any information on this. When something sounds to good to be true it usually is. Can’t help but wonder after the initial purchase and installation how many years would it take to start saving money?
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Also, the company offering this is obviously out to make money, so why not cut them out the loop and just have your own solar panels installed? |
It takes too many years to get you a payback and not sure if we have that many years so we passed on doing it.
BTW when your roof goes the panels must come off and might be an added cost. |
Definitely check out the company with BBB and Seniors against crime, then ask for local references and talk to them. Make sure this company did not file a lien against the house. Also, be very careful of any firm that takes over payment of your electric bill in exchange of the installation of solar panels. As noted above, if you are serious about installing solar, find a well know reliable company, and have the panels etc., installed with you paying for the installation. From everything I have seen this is the lowest cost option. I have not priced anything recently, but I still think the break even is over a decade. When you do your calculations (or review theirs), be sure to consider lost opportunity costs (you took money out of your investments for this), removal and re-installation when your roof has to be replaced, maintenance costs, especially if you get battery backup, impact on house insurance, etc.
Hope this helps. |
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Our next door neighbor has solar panels for about 10 years or so and he thinks he just about broke even at this point. |
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"Free Solar Panels" Are a Bad Deal. Here's Why. | Wholesale Solar ARE FREE SOLAR PANELS A SCAM? The Simple Truth Free Solar Panels: Are They Really Free in 2020? | EnergySage |
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My understanding is that the company "lends" you the money for the installation and then you can "save" as much as this monthly cost (or a little more) each month. It is incremental.
Do what makes you feel good ... the money isn't going to be significant. |
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My daughter had solar put on in CT. Very reputable company installed the panels.
Within a month every time it rains she has leaking from the roof all over her home. The roof was 2 years old at the time the panels were installed. They called the roofer and found out the panels were causing the damages. When they called the solar people, they were informed “we’re not roofers”, and would NOT remove the panels so the repair work could be done UNLESS my kids agreed to pay a charge. The kids expected the solar company to be responsible for the damages to the new roof. NOT. I myself would have put in a claim with my insurance and let them sort it out. If they just have the panels removed and be done with it, They STILL have to pay the solar people even though they don’t have solar any longer. Boy that’s the business I want to own. Take no responsibility ever and continue to get paid. Sounds like a weather man. |
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:bigbow: |
Many of these solar contractors will provide a 20-25 year parts and labor warranty for the system they install. That should be a red flag that they are not trustworthy. I don't know any contractor who can honestly expect to satisfy all of their customers over that period of time without substantially prefunding or insuring the warranties they sell.
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