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Yeah, I looked into financing a solar installation. They offered a 25 year loan term, 0% interest, including the cost of a new roof. But... The installed cost
by Enginerrrd 4y ago
Yeah, I looked into financing a solar installation.
They offered a 25 year loan term, 0% interest, including the cost of a new roof.
But... The installed cost of a 7kW system with no batteries was over $5.68/Watt NOT INCLUDING THE ROOF!
So... financially the deal was actually objectively better than doing nothing because it increased monthly cash flow and required no money down. But, the solar company would be getting most of the savings from the system and would pass on about $50-80/month of those savings to me, but we'd be paying $200/month forever.