PSA for Solar

[JohnDough]

My 80 yr old neighbor told me she owes $70k for the solar system that was installed. It's possible that she has the number wrong, I don't know. I thought that was an obscene amount of money and that they cost half that. My agenda is that really pisses me off.

Be mad at the scammer though. Would you hate a car just because someone bought one at 12% APR for 8 years?

 

[Yoder]

I View attachment 729713
I put a 6,500 w system as soon as I had my cabin closed in, bought it unused off FB for about $4,000 and a $1,500 battery. with a little research, did all the installation myself.

It runs everything I have so far, pellet stove, fridge, table saw, chop saw, etc. LED lights and ceiling fans.
It's nice to have ceiling fans and outside motion detector/security lights on all the time when I am away.
Walk in and flip the lights on, don't have to hook up generator in the dark or mess with gas, etc.

FYI, between FB and a discount lumber store, I have about $22,000 all in, and the sheetrock is hung. 26x32 with loft

This is what I envision when I think about solar. This is awesome.

 

[Dos Perros]

Then we'd have to also pay around $17/gal for gasoline, which (big oil ) is heavily subsidized.

What a crock of shit. What's your source?

 

[Dos Perros]

376 million gallons consumed per day, times 365 days per year, = 137,240,000,000 gallons per year

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

$20 billion annual subsidies to "big oil"

SEN. WHITEHOUSE ON FOSSIL FUEL SUBSIDIES: “WE ARE SUBSIDIZING THE DANGER” | U.S. Senate Committee On The Budget

The Official U.S. Senate Committee On The Budget

www.budget.senate.gov

Comes out to 14 cents a gallon. And generally the taxes on top of a gallon are higher than that.

 

[berretsteve]

trust isn't something am big on when it comes to business, there must be a legality before i do things, sad she's old and got too advantage of but this shows that older people should use lawyers when it come to high amount purchases, it would save them a lot of money, time and hart ache.

 

[JohnDough]

What a crock of shit. What's your source?

Fact Sheet | Proposals to Reduce Fossil Fuel Subsidies (January 2024) | White Papers | EESI

This fact sheet discusses attempts to alter fossil fuel subsidies, including measures in the Biden-Harris Administration’s FY 2024 budget request.

www.eesi.org

https://www.reuters.com/business/energy/biden-budget-target-us-fossil-fuel-subsidies-2023-03-09/

In Gasolinegate, the True Cost of Gasoline Far Exceeds What We See at the Pump | Article | EESI

The book Gasolinegate offers perspective on how gasoline consumption has impacted human health and the environment over the last century.

www.eesi.org

So nah, I don't feel bad about keeping some of the money I worked for in my pocket because I drive EV and went solar. It was always mine, anyway.

 

[Dos Perros]

Fact Sheet | Proposals to Reduce Fossil Fuel Subsidies (January 2024) | White Papers | EESI

This fact sheet discusses attempts to alter fossil fuel subsidies, including measures in the Biden-Harris Administration’s FY 2024 budget request.

www.eesi.org

https://www.reuters.com/business/energy/biden-budget-target-us-fossil-fuel-subsidies-2023-03-09/

In Gasolinegate, the True Cost of Gasoline Far Exceeds What We See at the Pump | Article | EESI

The book Gasolinegate offers perspective on how gasoline consumption has impacted human health and the environment over the last century.

www.eesi.org

So nah, I don't feel bad about keeping some of the money I worked for in my pocket because I drive EV and went solar. It was always mine, anyway.

Please demonstrate how (per your own source) $10 to $50 billion per year comes out to $17 per gallon.

 

[tony]

trust isn't something am big on when it comes to business, there must be a legality before i do things, sad she's old and got too advantage of but this shows that older people should use lawyers when it come to high amount purchases, it would save them a lot of money, time and hart ache.

My old man loves to spend money. Drives my mom crazy
They live in northern Ohio and without getting into another debate. The winters are getting milder and the summers hotter. The power rarely goes out and when it does it’s not long. And like I mentioned the house pretty much runs on gas.
I think they may have been better served with a generator tapped into the house gas.

Mom was not thrilled in the slightest with this purchase. But they have the money, even though that money could have went towards their needs as they age.

 

[JohnDough]

Please demonstrate how (per your own source) $10 to $50 billion per year comes out to $17 per gallon.

While I don't agree with all of it, and find it skewed, I also don't agree with people saying I need to pay more taxes and when I dont, Im "taking their money" from them. Or whining about kids in Nigeria mining when nothing in my car came from Africa.

 

[Boarmaster]

I’m not against a solar system at a cost effective amount. I am against taking a loan for 70k for one.

 

[JohnDough]

I’m not against a solar system at a cost effective amount. I am against taking a loan for 70k for one.

That would be a massive array, 20-25kw.

 

[Mike D Texas]

If you have electric service available, solar makes absolutely no sense.

If you have an off grid situation then it makes sense.


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[Marble]

I live in CA and have had a 15kw system since 2017. Best investment I've made. Cost me near 25k, iirc, after tax breaks. I save ~$8000 annually.

I currently pay ~$400 annually for PGE costs.

I started with a personal loan at a rate of ~9%. Paid it off in 18 months or less.

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[HuntHarder]

Yup, commifornia is a good place to get solar. Lots of sun, lots of subsidies which makes solar logical. Solar is simple cost vs. ROI. Having a sub 5 year break even point is awesome. I have priced them out and I can't touch 5 years. Hopefully the cost continues to drop and they become even more efficient.

 

[Weldor]

They are building a 300 mw solar farm up buy Apache Junction, no need to buy your own. I'm sure they will pass the savings along to everyone. (sarcasm). They built one down by Catalina and no one knows who it supplies. LOL. If It was cost effective we would not be paying higher prices at peak demand now would we. LOL again. Just for giggles my cousins son is a solar engineer, I'm going ask him what is cost effective to run a wholehouse 200 amp service. 5 ton heatpump, my welders and tools etc. I'm curious to see what he has to say. will get back when I have the info.

 

[JohnDough]

They are building a 300 mw solar farm up buy Apache Junction, no need to buy your own. I'm sure they will pass the savings along to everyone. (sarcasm). They built one down by Catalina and no one knows who it supplies. LOL. If It was cost effective we would not be paying higher prices at peak demand now would we. LOL again. Just for giggles my cousins son is a solar engineer, I'm going ask him what is cost effective to run a wholehouse 200 amp service. 5 ton heatpump, my welders and tools etc. I'm curious to see what he has to say. will get back when I have the info.

Mine was break-even. My note payment would replace my electric payment, and then in 20 years, I'd own it.

 

[Weldor]

Mine was break-even. My note payment would replace my electric payment, and then in 20 years, I'd own it.

Crazy!

 

[Marble]

Mine was break-even. My note payment would replace my electric payment, and then in 20 years, I'd own it.

20 years!? F that. No way I would wait that long to pay that off. Not trying to bust your balls, but that sounds nuts to me.

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[Ucsdryder]

20 years!? F that. No way I would wait that long to pay that off. Not trying to bust your balls, but that sounds nuts to me.

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Yeah that seems crazy. Good luck moving and trying to sell your place with a solar lien on the house. What’s the life expectancy of solar? In 20 year I bet the technology is ancient. Then it’s time for a new 20 year policy!

 

[JohnDough]

20 years!? F that. No way I would wait that long to pay that off. Not trying to bust your balls, but that sounds nuts to me.

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Why would I pay off a 2.99% loan early when CD's pay almost double that, and VFIAX/VOO has a 10% annual return?