Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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#17
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In spite of all the sunshine, solar is not a good investment in Florida. The power companies will take a good cut of your output, and the insurance companies will be forcing you to replace your roof after 10 years. And you certainly don't want to do one of those "no money down" lease deals. Contrast this to my home in CT, where I installed 28 solar panels on my roof in 2011. Have not bought a single watt of electricity since. The utility company gives me a kw for every kw I put into the grid. No pressure to replace my roof shingles (which are covered by the panels anyway) and I get a credit for excess kw produced at the end of the year. I only pay for metering, which is about $12/month. Pretty good for CT, where residents are now paying huge electrical bills ($400+/month and more)
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#18
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To me, spending $20K to install solar panels on an asphalt roof that may need to be repaired or replaced in a few years is crazy. My electric bill is only $1,500 per year. So, $20K, invested at a 5 percent return, will pay my entire electricity cost for 22 years.
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#19
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In UK many new homes are having solar panels installed.
They are an integrated part of the roof, not an attached system. They are not obtrusive, and blend into tiles or slates seamlessly. If I were building a new house, I would definitely have such a system installed. I would not on an older house, as it is not economical in short term. |
#20
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Consider a Tesla roof. Cost more but you get more electric production with a durable 25 year guaranteed roof that looks great.
I had a 5kw panel system installed 8 years ago. After tax credit cost was 11k and the system produces around $1000 in electricity per year. 10-12 year payback is a long term investment. The original roof is 20 years old and I have insurance with Tower Hill. No leaks and no maintenance issues. Roof inspector a year ago from a Tower Hill guy said our roof is good for another 5 years. I think solar will be more beneficial in the near future when SECO switches to Time of Day billing. |
#21
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Plain & simple DO NOT get solar panels in Florida. YOU never recover your investment you are only making money for the electric company plus you must now pay for electricity 7pm - 7am NOT covered by the panels.
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#22
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My neighbor has them. She never received the promised tax break. She did end up with a leaking roof on her home when it was only 2 years old. She will never live long enough to justify the cost (most of us won’t) and I get to look at her ugly panels when I sit in my dining room. Beware. They aren’t what you think. And don’t assume that your electricity will remain on when the electricity goes out. It won’t.
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#23
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Some things to consider: Payback time vs your age? If you are older it is not worth it. Do you have a new roof? The cost of replacing your shingles once solar panels are up there is extensive maybe even double. Are you going to have batteries that will power your house if needed? If not find out what the power company is giving back to you for the extra power. It is not 100% and has gone down over the years. In my opinion it is a bad idea financially. Just do the math. |
#24
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Go Solar. Mark Hader. Did mine
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#25
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#26
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Second that, utilities are very reasonable here compared to our home at Annapolis Md. And as others have stated be careful with the contract fine print.
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#27
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#28
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#29
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Just like a lien, they have to be paid off before the residence can be sold |
#30
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Closed Thread |
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