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Owners Leasers of Solar Panels

Old 12-01-2020, 07:19 AM
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Default Owners Leasers of Solar Panels

I am considering a Power Purchase Agreement with Trinity Solaror Tesla. Haven't got prices form tesla yet but Trinity is a discount of about 25% from current rates with a capon yearly increases of the monthy payment of 2.9%.That seems high.

Does anyone use these companies or can you share experiences with me on savings and anything else you found of interest???????

This is the largest installer locally and has mixed reviews 75/25 on rating services but so do they all. I would like to go solar for various reasons and savings is one. My barn Southern roof would be completely covered intotally black panels. It would produce 9,245 kwh I use 12,341 now. The rate would be .169 I pay .235 now form Eversource. It is a 15 page agreement and I can send to anyone if interested.

Thanks

Bob

Old 12-01-2020, 07:26 AM
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Don't let them put a lien on your property. Sunrun is the big one around here, and most installs come with a complimentary lien which makes selling/refinancing/etc. a giant pain in the ass.
Old 12-01-2020, 08:11 AM
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I've researched this A LOT.....
A few years ago we looked at a house that had a recent install under a PPA...

A few take aways...
*First....the best thing to do, if you want to go solar, is purchase outright.....no PPA contract.

*If you can't do that, usually a PPA will still benefit you over the long run.....and be better than nothing ...for some people.
*If you do NOT plan on living in this home for long....you will find it VERY HARD to sell your house if you have a PPA solar system on it. Most potential buyers run away once they see this. My wife is a good and busy Realtor in the area, I hear her talking about those listings she has with PPA solar systems on 'em. It's not good. She just had a listing that sat...and sat...and sat....and finally pulled the listing. Outright purchased systems are usually no problem to sell, usually a "plus". She recently had a listing that had outright purchased solar, and it went under contract in 3 days. Buyers simply do not want to be "stuck" in some forced contract. And if you remove the system, to redo the roof right...need to do all new shingles after repairing the sheathing from all the holes from the mounts. And siding...from the main feed going down the side of the house, and the where the control panel was mounted.
*Regarding the capped "2.9%" max increase each year, you want to look at what your average Eversource was each year...across the country you'll find average electrical rates from the large players seem to average 5-6%. So..having your PPA fed juice cap at 2.9% is beneficial here.
*Takes a few years to start seeing your bigger savings

**For those who just accept that main power company rates.....the savings can be OK.
***For those who shop around smart....every year or so, to find the electric reseller with the BEST rates....(like my wife does)...it's hard to find savings with a PPA. LI....I see you say you're paying .235 from everrape. If you shop around, you should find rates in the low to mid teens from other resellers. Pretty sure last time I saw a bill, my wife had us on some reseller that was .15 or .16.
Old 12-01-2020, 09:02 AM
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I like the Tesla Panels purchase idea but there is really no details at allon the web and I don't know exactly how much is on me in terms of dealing with the utility and other administrative matters.

This is all there is and no contact information - seems a strange business model

https://www.tesla.com/energy/design
Old 12-01-2020, 09:07 AM
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Just have a smaller company install your own (you own the system) small system.These big comapnys are a rio off in so many ways. I just installed my own system (I did all the work)
I'm an electrician so it was straight forward and a ground mount array.
Old 12-01-2020, 09:14 AM
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Originally Posted by YeOldeStonecat View Post
I've researched this A LOT.....
A few years ago we looked at a house that had a recent install under a PPA...

A few take aways...
*First....the best thing to do, if you want to go solar, is purchase outright.....no PPA contract.

*If you can't do that, usually a PPA will still benefit you over the long run.....and be better than nothing ...for some people.
*If you do NOT plan on living in this home for long....you will find it VERY HARD to sell your house if you have a PPA solar system on it. Most potential buyers run away once they see this. My wife is a good and busy Realtor in the area, I hear her talking about those listings she has with PPA solar systems on 'em. It's not good. She just had a listing that sat...and sat...and sat....and finally pulled the listing. Outright purchased systems are usually no problem to sell, usually a "plus". She recently had a listing that had outright purchased solar, and it went under contract in 3 days. Buyers simply do not want to be "stuck" in some forced contract. And if you remove the system, to redo the roof right...need to do all new shingles after repairing the sheathing from all the holes from the mounts. And siding...from the main feed going down the side of the house, and the where the control panel was mounted.
*Regarding the capped "2.9%" max increase each year, you want to look at what your average Eversource was each year...across the country you'll find average electrical rates from the large players seem to average 5-6%. So..having your PPA fed juice cap at 2.9% is beneficial here.
*Takes a few years to start seeing your bigger savings

**For those who just accept that main power company rates.....the savings can be OK.
***For those who shop around smart....every year or so, to find the electric reseller with the BEST rates....(like my wife does)...it's hard to find savings with a PPA. LI....I see you say you're paying .235 from everrape. If you shop around, you should find rates in the low to mid teens from other resellers. Pretty sure last time I saw a bill, my wife had us on some reseller that was .15 or .16.
Great information. Thank you.
Old 12-01-2020, 09:17 AM
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what are peoples experiences with a roof mounted system when there is a roof leak, or time for a new roof? is that cost included in the life cycle "energy you will save" calculations?
Old 12-01-2020, 09:18 AM
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Buy your own system-I cannot say this enough.
Old 12-01-2020, 11:34 AM
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Buy it outright or not at all.
Old 12-01-2020, 11:50 AM
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That rate for purchased power is outrageous.
Old 12-01-2020, 11:57 AM
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Thanks to all

WelI I am now leaning to buying my own.For those that did, who sets up all the legal agreements with the utility. Does the installer do this or Tesla or am I on my own.I can't seem to find this info easily on the web.
Old 12-01-2020, 12:47 PM
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I looked at both leases and PPA's, and decided they were not worth it.

My BIL bought a pallet of panels for a decent price, and put them up on his garage. He needed to have it inspected before they let him put it online. His monthly electric bills are generally under $20/month.
Old 12-01-2020, 12:54 PM
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Oh boy. I almost did this. I am really glad I read every word of the document. Once you sign and agree to the assessment they have your signature and fine print in the contract to steamroll the project or go after you if you decide no to go forward. I had a very small window to cancel and you know what my two options were to cancel? Certified mail or telegram, yes Western Union Telegram is one of the only two options you have to notify them that you want to stop the process.
Old 12-01-2020, 02:43 PM
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Originally Posted by LI Sound Grunt View Post
Thanks to all

WelI I am now leaning to buying my own.For those that did, who sets up all the legal agreements with the utility. Does the installer do this or Tesla or am I on my own.I can't seem to find this info easily on the web.
Unless you are diy'n it, the company you purchase from should handle everything. Rebates, tax info, permits, etc.

Originally Posted by edwardh1 View Post
what are peoples experiences with a roof mounted system when there is a roof leak, or time for a new roof? is that cost included in the life cycle "energy you will save" calculations?
Depending on size, I used to charge about 1500 to remove and reset the system if I installed them originally.
Old 12-01-2020, 02:51 PM
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Check out energy sage .com (won't let me post urls yet) Its free service to help get you approximations and in touch with solar installers.
Old 12-01-2020, 04:15 PM
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If you have the space, ground mount is better. Heat is the enemy of solar power output. Panels mounted within inches of a roof stay hot. An open array stays cooler, makes more power.
Buy.
Find out your utilities policy on grid tied solar.
My preferred is zero export grid tied with Battery backup.
Old 12-01-2020, 08:45 PM
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Originally Posted by Capt Odyssea View Post
If you have the space, ground mount is better. Heat is the enemy of solar power output. Panels mounted within inches of a roof stay hot. An open array stays cooler, makes more power.
Buy.
Find out your utilities policy on grid tied solar.
My preferred is zero export grid tied with Battery backup.
(My preferred is zero export grid tied with Battery backup.[/QUOTE])
This is my system withground mout array-24 400watt panels Sol-Arc hybrid inverter and a 7.5 kw Kilovault lithium battery
I did the whole thing myself with wife (no photos)
Old 12-02-2020, 09:39 AM
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Seems to me finding cheaper rates on the power you use would be easier.
If that option is available in your area

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