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Honestly I don't like there business model, I can't help to wonder if people will wise up and it will adversely affect there bottom line. Not to mention what happens if the rebate is allowed to expire. There basic business model is:
They lease the panels to you, you pay a monthly lease fee
They Over estimate the amount of power the panels will produce, so your electricity saving are not as rosy as they claim they are.
The cost of the panels are inflated, so your not getting a deal on the panels, your paying a premium for them.
They keep the 30% tax rebate
.
If you want to sell you house in the future, the new owners have to assume the lease on the lousy deal you brokered. I'm sure it's going to affect real estate values, after all if you have a choice between two houses, one with a lease panels to deal with and one without, which would you pick?
Overall it's a lousy deal for the homeowners, Now if you installed your own panels and you own them, it's a different story. You get the 30% tax rebate and the panels will add value to your house, not subtract. Not to mention if you take a loan out to pay for the panels, they will continue to produce electricity years after the loan is paid off. Solar Panels could last 50 years or more if not damaged.
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https://solarbonds.solarcity.com/
Just saw this advertised. Any thoughts?
#investing