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Question for anyone who has gone solar
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[QUOTE="ColchVEGAS, post: 3675774, member: 8908"] I was literally just looking in to solar and had a company come out and give me their pitch. After doing more research on it I came to the conclusion it is only worth it to buy it outright. In my case my average electric bill is about $175-200. If I went the solar lease route they pitched it is a 20 year contract with a fixed monthly rate of $150/mo that increases 3% every year. The solar system was guaranteed to generate a certain amount of energy per year, which broke down to just about exactly what I use on average per month. If I use more than they generate I would buy the difference from Eversource. CT is a net metering state so when you generate more than you use the extra goes back to the grid and they store it for you. If I ever needed that extra I generated one month I could always tap in to the banked energy but at the end of the year it resets, I believe. If I buy them outright I would break even at the 14 year mark. Most panels have a 25 year warranty so the last 11 years there would be no bill, as long as generation and usage stays the same as the originally sized system. At the end of the day I did not go with solar even though I really would like to at some point. Now I just have to find the $40k to buy a system. [/QUOTE]
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Question for anyone who has gone solar
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