1st PGE bill since solar panel install: $15.99

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Feb 26, 2005
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Our utility (BPU) is pushing leasing panels for $470 per panel with a $3.20 credit per month, so a little over 12 years to payback. That is if the lease is a one time purchase, should be but not sure I trust them. You can sell the panels back if you move. We're only planning on being here for 11-12 years but might keep the house regardless. After we pay the house off we discussed getting 4-5. Those solar farms are good way to kick start renewable energy.
 

JeffKeryk

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Jan 9, 2010
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Los Gatos, CA
Originally Posted by Eric Smith
Our utility (BPU) is pushing leasing panels for $470 per panel with a $3.20 credit per month, so a little over 12 years to payback. That is if the lease is a one time purchase, should be but not sure I trust them. You can sell the panels back if you move. We're only planning on being here for 11-12 years but might keep the house regardless. After we pay the house off we discussed getting 4-5. Those solar farms are good way to kick start renewable energy.
Leasing is a rip off as compared to a purchase. For example, Sunrun is being sold through Costco; Costco will not allow them to sell leased panels, only purchases. There is savings, but purchase is the way to go. I suggest you research options before taking the plunge.
 
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