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10-17-2019, 06:30 PM | #1 |
Rose Garden
Join Date: Mar 2005
Location: central FL
Posts: 6,022
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Solar Panels?
We signed up to get solar panels on our home today. We have about a week to rescind if we want to. To me, it seemed ridiculously simple and like "of course we should do that!!"
What am I missing? What should I know? Our deal is: Loan payment is less than our average electric bill. Electric bill will be zero annually. (we will pay some during the summer, but will create credits during the mild Florida winters. So after a year cycles, we'll be at net zero for the electric bill.) Loan is 15 years at 2.99% simple interest loan. Zero upfront costs. We own the system after we pay for it. Guaranteed to produce electricity for 30 years. We do plan to stay in our home for the next 5-7 years, which is our "break even point." So, what's the catch? If this is true, I don't understand why everyone doesn't have it. I feel like I'm missing something.
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Married to DH for 29 years! Mama to very sweet DD1 "Kitten" 5/03 and our very sweet DD2 "Monkey" 1/08 crunchy, homeschooling, and focused on healing with diet, homeopathy, and QRI cold laser reflex integration |
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10-17-2019, 06:34 PM | #2 |
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"air-mannah Leen-dah" it means Sister Linda in Spanish
Join Date: Mar 2005
Posts: 51,818
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Re: Solar Panels?
My husband is convinced that it will damage the roof. He also doesn't think they last long.
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My pages: Why Not Train A Child? and the FB Page as well as @WhyNotTrain on Twitter Read about how my husband was Pulled From The River By God |
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10-17-2019, 07:29 PM | #3 |
Rose Garden
Why climb a mountain? Because it's there!
Join Date: Mar 2005
Location: Selkirk Mountains
Posts: 52,860
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Re: Solar Panels?
From what I've heard, your state is actively trying to make it difficult for individuals to have solar. The power monopolies don't want to lose the business.
https://www.nytimes.com/2019/07/07/b...lar-power.html I have quite a few friends who have solar. It's some extra work but they are very happy with it. No roof damage. Although some of them have a solar farm (panels on the ground). What are your options when you generate more power than you can use? Batteries or will it go into the grid? ---------- Post added at 07:29 PM ---------- Previous post was at 07:29 PM ---------- Also, verify independently how much power you can expect to generate. And get multiple quotes. |
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10-17-2019, 08:28 PM | #4 |
Rose Garden
Join Date: Jan 2007
Location: Seattle area
Posts: 21,260
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Re: Solar Panels?
I have a friend in Florida who is on year 3 of solar panels she loves them she has even had them weather one of the tropical storms with out issue.
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Wife to a wonderful DH for 19 years.
Momma to my 29 weeker Early Bird who is thirteen and my little Wiggle Worm born 33 weeks who is nine. How do I have a teenager?! I don't feel ready for this. |
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10-19-2019, 04:16 AM | #5 |
Moderator in Celebrations, Cloth Diapering & EC, Empty Arms, Prayer & Praise, and Swap n' Shop
Join Date: Mar 2005
Posts: 27,014
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Re: Solar Panels?
I'd LOVE to get solar panels! The hold back for us is the start up costs. And also whether there's enough sun here in MI to make them worth it. Sounds like there's a good program in your area? I'll have to ask my hubby if there is something similar here....
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10-19-2019, 09:34 AM | #6 |
Moderator
Join Date: Feb 2012
Posts: 6,526
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Re: Solar Panels?
I don't know that much about solar panels. But I am drawn to them and would love. There is a home nearby we pass often (right off the multi-use pathway) that has them all along one side of the roof. We are 100% treed so I would have to lose a lot of trees to get them. And maybe my neighbors would have to on one side. Also our electric bill isn't that much since we live in a low COL, have gas heat, and with region and all the trees don't need much so not sure it would be as cost effective. But I just love the idea of powering your home with the sun!
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10-19-2019, 12:29 PM | #7 | ||
Rose Garden
Join Date: Mar 2005
Location: central FL
Posts: 6,022
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Re: Solar Panels?
Quote:
Some months we will have to pay for electricity because we will use more than we generate (summer heat.) Some months we bank credits because we will generate more than we use. But over the course of 12 months, we should pay the electric company zero for electricity. (Nominal fee for having the account with the electric company.) ---------- Post added at 03:29 PM ---------- Previous post was at 03:27 PM ---------- Quote:
And yeah, we got two quotes so far, and they are very different in what they quote we will need to generate enough power. It's hard to compare! I asked what happens if the power company will no longer play nice with solar. They said that the power company must honor your contract during the life of your solar panels. I'll have to verify that, but that sounds reasonable that the power company would be required to honor the contract.
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Married to DH for 29 years! Mama to very sweet DD1 "Kitten" 5/03 and our very sweet DD2 "Monkey" 1/08 crunchy, homeschooling, and focused on healing with diet, homeopathy, and QRI cold laser reflex integration |
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10-19-2019, 03:17 PM | #8 |
Rose Garden
Join Date: Apr 2008
Posts: 5,542
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Re: Solar Panels?
What about maintenance? My dh is a little leery of solar simply because we've heard about a couple of roof fires caused by solar panels.
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Darcy married to my Photographic Genius (1/00) Mom to: Prima, Secunda, Tertia, and Quarta Youth and Beauty are fleeting, but the ability to bake a great chocolate cake lasts forever! |
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