If you’re a homeowner you can almost certainly buy solar in a manner where the monthly financing will be similar to what you save in monthly electric bills. So it’s a wash.
This year.
The difference is that electric bills will go up, while the financing terms stay the same.
Looked into this a few years ago and you could have said the same then. The problem was the deal with the financing had all these weird caveats when you looked into the details like you didn’t own the panels, and any cost would transfer with the sale of the house, it was like a forever rental with no upgrades ever.
When we get to the point that you can get solar added, and own everything, and can pay for it without financing with a positive ROI in 3 years, that’s the tipping point.
If you’re a homeowner you can almost certainly buy solar in a manner where the monthly financing will be similar to what you save in monthly electric bills. So it’s a wash.
This year.
The difference is that electric bills will go up, while the financing terms stay the same.
Looked into this a few years ago and you could have said the same then. The problem was the deal with the financing had all these weird caveats when you looked into the details like you didn’t own the panels, and any cost would transfer with the sale of the house, it was like a forever rental with no upgrades ever.
When we get to the point that you can get solar added, and own everything, and can pay for it without financing with a positive ROI in 3 years, that’s the tipping point.