Subj : Solar leasing
To   : All
From : Jikey
Date : Sun Aug 06 2017 08:08:29


People in my area seem to be going crazy with solar leasing these days.  We
enquired about it but it would have been around $280 a month, plus the cost
of electricity overage costs.  We were looking at around 125% of requirements
but it seems more like we either give the money to the solar leasing company,
or give it to the electric company.  Total savings for the year would have
been around $300.  We are pretty conservative with electricity.

So overall, I'm not sure what the attraction is.  Buying for a house this
size (3500sqf) would be in the region of $40-50k so that's not really in our
ball park right now.

On top of the monthly rate, a 20 year contract, stuck with the same panels
for 20 years, regardless of advancements in technology, no real ability to
break a contract in Arizona (so I've heard), plus if the house is sold, the
new buyer needs to assume the contract.

Is it really worth it, am I missing something?  Or are people just following
the herd mentality and convincing themselves it's a great thing?

Would appreciate any/all opinions..

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