In parts 1 - 4 earlier in this blog, I have revealed pitfalls of owning Solar Electric. Here is the last one, and maybe the most important one.
First, if you think you really need to have solar, make sure you plan for the future load that it will have to carry, and not the current load. Remember the people with the teen aged children?
Next, if you think you really need to have solar, check to see what the requirements are to transfer it to another person. Chances are good you will sell your house in the next 20 years.
Finally - and this is the topic of the new post - if you are leasing a system, make sure you put as little money down as possible. Why? Because a leased solar system is like any other leased system in your home. It adds absolutely no value to the home!
That's right! You are told that you "invest" in a solar lease, but you get no return! Solar Companies, and even your friends and neighbors will use the term "invest" with reference to leasing a solar system. Do you "invest" in a car lease? An investment has a positive cash flow return - Solar Leases Do Not. With a solar lease, you spend less money, but you get no return.
Leasing a solar system and pointing to the savings is the same as leasing a hybrid car and pointing to the gas mileage - you spend $30,000 saving 2 cents a mile.
#RealEstate #Avondale , #Goodyear , #Buckeye , #Glendale, #Phoenix, #Surprise, #Peoria, #Tolleson, #Laveen, #Waddell , #Wittman
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