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"Solar Loans" are pretty much always a bad idea. Power Purchase Agreements (PPAs) are even worse. If you can't buy the system outright consider getting a Home
by jandrese 3y ago
"Solar Loans" are pretty much always a bad idea. Power Purchase Agreements (PPAs) are even worse.
If you can't buy the system outright consider getting a Home Equity loan. This is exactly the sort of thing they are designed for and have much less overhead than any other option.
In the US we suffer from high demand in a small market allowing installers to inflate the system prices considerably. We should be paying less than $2/watt installed, but you see quotes for like $4-$8/watt all the time because these companies get to pick their customers.
- PaulDavisThe1st 3y ago> We should be paying less than $2/watt installed Hmm, not sure how much prices have changed, but I installed my own ground mount 7kW array(s) back in 2020, and that was right around $2/watt with me doing all the work except a concrete mixer dump session for the footings.
- danans 3y ago> In the US we suffer from high demand in a small market allowing installers to inflate the system prices considerably. We should be paying less than $2/watt installed, but you see quotes for like $4-$8/watt all the time because these companies get to pick their customers. While I agree in general, your numbers seem off. In expensive Northern California I regularly see systems running $3-4/watt, not $4-8.