In my personal experience, the guaranteed price escalation outpaced historical electricity price increases.This is me - yes, the spiel was persuasive and it made sense to me. I subsequently found out that I evidently made a terrible decision but I'm still not sure why. I don't really understand why buyers don't want to assume the lease.
The sellers made a poor decision to lease the panels. This was back in the day of door-to-door marketing by Solar City, right before they were bought out by Tesla. It was common enough so their spiel must have been persuasive.
I took the lease as a negative when I made my offer to purchase, and lowered my offer accordingly.
I buy electricity from either the electric company at one rate or from Tesla for a bit less. The panels don't fully meet my needs but they do provide some and that part doesn't require burning fossil fuels. Tesla has serviced the panels when they needed help. I have to provide an internet connection for them but umm, I don't find that particularly onerous (do people actually consider that a negative?).
It's weird. I feel like an idiot for falling for the scam but I really don't know why - just that everyone says I am.
Granted, I haven't tried to sell my house yet...
When you figured it all out, it amounted to a 7% loan.
Plus, they get the tax credits and whatever SRECs are available.
Statistics: Posted by exodusNH — Thu Jul 25, 2024 12:19 pm — Replies 14 — Views 1220