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For the price of gas station condom we could be having Chinese Solar panels.
In search of yield... No securitizable revenue stream left behind. I'd also add "Depreciation" to TechGromit's list. As a business, SolarCity can depreciate the panels, which an individual can't do.
or the price of gas station condom we could be having Chinese Solar panels.
At least you wear protection, but who're you screwing at a gas station?
Sure, but when the sun burns out, then where are you?
Well, at least all the CO2 will keep us warm..... while being in the dark....
That's not how it works, the Earth is heating up the sun.
Also at the end of 20 years, the solar company takes the panels back, you may have the option to buy them.
So let's recap there.
1. You lease the panels for 20 years, at full cost of the panels and at inflated price.
2. The solar company gets all the state and federal tax incentives.
3. At the end of 20 years, you still don't own the panels, but you may purchase them, probably at an inflated price, because what they really want you to do is sign another 20 lease. We gonna keep there suckers hooked.
4. Selling you house in the future will be difficult at best, you'll probably have to cut the price of your house to sell.
5. From what I'm reading customer service is horrible, not to mention shoddy workman ship, the net is full of stories of systems systems incorrectly install, NOT generating electricity and still on the hook for the monthly lease payments,
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https://solarbonds.solarcity.com/
Just saw this advertised. Any thoughts?
#investing