BilljustBill wrote: »
Would you explain what a "Feed-in tariff" is and what it is meant to do to electric providers, grid tie solar homes, and homeowners' costs?
atrevido wrote: »
What do I care? I cannot afford $20,000 for for a purchased solar system which is about what all the quotes were I got. This way I get it and they get the tax benefits. Someone is going to get the tax benefits and rebates, if not me, then them. That money is set aside and is being spent at a rate that will soon deplete it well ahead of the 5 year schedule. So I'm glad I got on the band wagon now.
russ wrote: »
I have yet to read of any leases where there is no electric bill for 20 years after the prepayment of 1500 USD
I also get $500 for every referral I make. Which I won't make any until I see my first electric bill post installation.
newenergy wrote: »
Seems like Atrevido is saying it's $1500 and then not a penny for 20 years, so no lease payments?
If that's true it must be like a 1300 watt system? That's still a great deal though.
I don't think there will be any reason to replace the modules in 20 years just because there is new technology. These modules will be paid for, will be working (hopefully) and at that point whatever replaces them will cost more than zero. Also, hopefully your house will require less energy in 20 years thanks to technology, not more.
Sungevity and SolarCity (or anyone using SunRun) get the same tax credits and rebates that you'd get if you bought the system, so they aren't making money off of those any better than you'd be if you bought the system. They (or their investors) may have an advantage over you in being able to use accelerated depreciation though. The investors are comparing this to investments by the rate of return rather than just looking at how many years for payback and thinking anything over 5 years is a long time.
I think the fact that the lease is a good value despite having an extra middle man in there is just an indication of how good a long term investment solar is. But, of course, not everyone has the money to buy or maybe they would rather lease and put their money somewhere else.
(I don't see a Canadian Solar ET module?)
atrevido wrote: »
This is how SUngevity and Solar CIty are making their money -
9. Ownership of the System; Tax Credits; Rebates. This Agreement is a lease and not a sale agreement. We own the System and any data from the System for all purposes. We will claim the environmental incentives and tax benefits
available with respect to the System, including, without limitation, (a) depreciation deductions, investment tax credits and any cash grant in lieu of investment tax credits and (b) any renewable energy credits, utility rebates (including performance based incentives), and any other environmental attributes associated with the electricity output from the System (all the above collectively the "Tax Benefits"). You agree to cooperate with us so we may apply for or claim any such incentives and benefits. Cooperation may include your filing or consent to filing applications with the federal, state or local government or a local utility and assigning these benefits to us. You agree not to claim any tax benefit, grant or other incentive that the owner of a solar system migh
BB. wrote: »
Thank you very much for the hard work. I am sure lots of people will be interested.