3 ms·
Factoring in the exchange rate, that's maybe half the the price I paid for a similar system here in the US less than a year ago. The thing that is hurting peopl
by mandevil 3y ago
Factoring in the exchange rate, that's maybe half the the price I paid for a similar system here in the US less than a year ago. The thing that is hurting people is leasing. Basically to avoid people having to front that much cash, there are a lot of people who will install roof-top solar for no-money down- and a 30 year lease on the hardware on top of your own house. Then if you sell the house, now you have to get the new buyer to assume the lease, and the hedge funds who are primarily running the leasing operation are famously bad at running their back-office stuff (because that costs money to do right, but doesn't give them a single extra dollar). When we were looking into this we saw too many horror stories around leasing and decided we had to buy, which has worked out great for us- kicked our monthly power bill during the expensive season from >$500 to <$200, and the house is actually more comfortable than it was before.
The recent changes in the Inflation Reduction Act, offering a 30% tax rebate on all roof-top solar purchases, really changes the calculations and makes leasing much less attractive, so there will probably be many fewer of them going forward. But that also means that there will be less money for the hedge funds that have invested in the leasing, and they will probably make life even worse for the people with existing leases.