Quick question to make sure I am making the right decision. I had MassSave come by and we talked about going solar. We had a guy come by and the proposal looks like this:
-Solar panels being installed with no additional fee
-Company will replace the roofing shingles (that was definitely due) and the solar company will cover 50% of the costs (so we only pay $2,500 out of pocket)
-We make 101% of energy, meaning that we shouldn't need to use regular electrical grid, although we are not helping conserve either
-Bill comes out to $101/month with 2.9% annual increments - right now our bill fluctuates but I have been paying about $150+ during these last few winter months
Does this seem reasonable. Basically, to me it sounds like my energy bill decreases in the short term and besides being more green, the only cost becomes the new roof at 50% off, which is something we would eventually have to do anyways.
i am having solar panels put on our house soon. from what you write, it seems in line with what our research showed.
don't forget that if you buy in the next few weeks you get a fed tax credit of 26% of the cost.
also check with MassSave on these questions:
- do they provide an installation warranty, usually 5 years, that any and all damage that may result from the installation process will be covered? (hole in roof leading to ceiling damage, etc.)
- do they offer a 25 year parts and labor warranty?
-check the type of panels (LG and REC are very high quality) and ask about the deterioration rates. mine will loose .25% of their efficiency per year, meaning in 25 years they still operate at 92% efficiency. that is good.
- can you monitor the panels on your phone or computer? this shows if one or more are not working.
- payment plans. i got 12 years at 0% interest. they should also have 20/25 year plans at a low rate.
- did they talk about the buy back rates for the extra power you generate? do you get cash, credit? can you apply this to other utilities automatically? (after my electical costs are covered, i will apply any extra to my gas bill. nice! )
- did they talk to you about how snow affects the panels production? expect lower production in the winter.
- does each panel have its own micro inverter? or is the the entire array served by one large inverter? having one per panel is the best way to go.
basically, with solar you save on electicity, but your monthly loan payments will probably be similar to your electric bills. but, after you pay off the loan you save a lot
and you are absolutely helping the environment. talk to MassSave about the difference it makes.
if you have question, send me message and i can tell you about this more. i live in saint paul, Mn by the way. so winters will affect both our solar system.