Palmetto Solar

Reply
Thread Tools
  #1  
Old 04-23-2024, 08:11 PM
trista.nerich@gmail.com trista.nerich@gmail.com is offline
Junior Member
Join Date: Apr 2020
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Default Palmetto Solar

Has anyone switched from electric to Palmetto Solar?
  #2  
Old 04-23-2024, 08:18 PM
villagetinker's Avatar
villagetinker villagetinker is offline
Sage
Join Date: Sep 2013
Location: Village of Pinellas
Posts: 9,707
Thanks: 2
Thanked 6,186 Times in 2,265 Posts
Default

Quote:
Originally Posted by trista.nerich@gmail.com View Post
Has anyone switched from electric to Palmetto Solar?
I do not understand your question, but if this is one of these install solar panels and you get greatly reduced utility bills, be very careful, especially if there is a very low or no upfront costs. There have been reports of companies doing this and forcing the buyer into a 25 year (or more) contract with a lien on the house, adn you do NOT own the solar panels, you cannot remove them you have to pay additional costs if the roof needs to replaced, etc.

IMHO, get a complete copy of the contract and read it very carefully, or have a lawyer look it over, do not sign anything until the EXACT contract you are going to sign is reviewed, and then sign ONLY the copy reviewed.

Also, contact the BBB and Seniors Against Crime, and FL for appropriate business license, etc.
__________________
Pennsylvania, for 60+ years, most recently, Allentown, now TV.
  #3  
Old 04-24-2024, 03:37 AM
trista.nerich@gmail.com trista.nerich@gmail.com is offline
Junior Member
Join Date: Apr 2020
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by villagetinker View Post
I do not understand your question, but if this is one of these install solar panels and you get greatly reduced utility bills, be very careful, especially if there is a very low or no upfront costs. There have been reports of companies doing this and forcing the buyer into a 25 year (or more) contract with a lien on the house, adn you do NOT own the solar panels, you cannot remove them you have to pay additional costs if the roof needs to replaced, etc.

IMHO, get a complete copy of the contract and read it very carefully, or have a lawyer look it over, do not sign anything until the EXACT contract you are going to sign is reviewed, and then sign ONLY the copy reviewed.

Also, contact the BBB and Seniors Against Crime, and FL for appropriate business license, etc.
Thank you. They stopped by as “educators” today. After talking with the roofing company, the install isn’t good for the roof, so I don’t think we will move forward.
  #4  
Old 04-24-2024, 08:03 AM
Stu from NYC Stu from NYC is offline
Sage
Join Date: Feb 2020
Posts: 12,650
Thanks: 1,170
Thanked 14,118 Times in 5,364 Posts
Default

Very often the payback is longer than our expected life expectancy, not to mention when you need a new roof very expensive to remove and put back the panels
  #5  
Old 04-26-2024, 08:53 AM
trista.nerich@gmail.com trista.nerich@gmail.com is offline
Junior Member
Join Date: Apr 2020
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Default

There is no upfront cost. Just the $120 a month and $30 to Duke electric . Vs electric bill
  #6  
Old 04-26-2024, 09:00 AM
Papa_lecki Papa_lecki is offline
Soaring Eagle member
Join Date: Nov 2020
Posts: 2,034
Thanks: 82
Thanked 2,617 Times in 948 Posts
Default

Quote:
Originally Posted by trista.nerich@gmail.com View Post
There is no upfront cost. Just the $120 a month and $30 to Duke electric . Vs electric bill
Not sure what the $120 and 30 is, does that mean you are paying $150 a month, and you have solar panels? Doesn’t make sense.
And they are not “educators” they are preying on TV homeowners.

Then look at VT comment above, that means they own the panels, you are probably leasing your roof to them, it makes a change in ownership of your house more complicated - especially if buyer doesn’t want the arrangement.
  #7  
Old 04-26-2024, 10:06 AM
LuvtheVillages LuvtheVillages is offline
Senior Member
Join Date: Jan 2014
Location: Tamarind Grove
Posts: 469
Thanks: 204
Thanked 653 Times in 207 Posts
Default

Quote:
Originally Posted by trista.nerich@gmail.com View Post
There is no upfront cost. Just the $120 a month and $30 to Duke electric . Vs electric bill
So your power cost is $150/month. My electric bill is never that high. Last 4 months were $101, $109, $104, $105.
  #8  
Old 04-26-2024, 10:20 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 14,314
Thanks: 2,356
Thanked 13,762 Times in 5,265 Posts
Default

I just paid my electric bill for $78. It sounds like you will be leasing the solar panels, and if you sell the house, the new owner will need to continue with the lease. If so, this is a horrible idea. Even if you own the panels, a lot of buyers will not buy your house. Also, if you replace your roof, it may cost you an extra $5,000 to remove and re-install the panels. If they gave you a payback analysis, check to see if they included the time value of money in the calculation. Most payback calculations include nothing for the time value of money, even though it can account for about half of the cost to buy the panels.
Reply

Tags
palmetto, solar, switched, electric

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 08:33 AM.