also be sure of what you want and features you are looking for. A lot of the solar sellers, are doing solar only grid tie only, where you get a cheaper power rate, but it doesn't actually power your home when the power is off due to various rebates and lower cost, making it easier to sell to the home owner on cost. So make sure that it will power your home when the power goes off and look into battery backup. The cost is much higher, and a lot of the less than capable solar installers will avoid that due to the permitting involved, but the ones that do, know what they are doing.
I too am experienced with solar sales, installation, and repair. I have also had Solar on my home since 20005. Everything this guy said is spot on. If your roof faces east, south, and/or west, has little shade, and has room for solar, it is a great investment for your wallet and our environment.
As a construction contractor I make my living performing upgrades and builds. I am not a bank or a finance company. Many competitors have side hustles allowing them to make additional money of of the financing of projects.
I was ripped off by a solar panel company. I trusted them to design the best system and implement it quickly. WRONG. After this particular solar panel company went bankrupt, I hired another company to check out my solar system. They told me that the original company had tripled the number of panels I really needed, thus increasing my loan amount and making the company some quick money. Then the original company took over a year to get the system up and running. But even with savings in utility company bills, the loan itself is HIGHER than any of those utility company bills. So I now pay more than I would have for power without a solar system. The only good part is that I got a government tax rebate of $30,000 for the system, which eased the pain somewhat. And although I have the loan payments, I will never pay a utility company bill again. Every month the utility bill is a negative number that I owe.
Solar panels decreased 3% each year so in between 20 and 25 to 30 years you will have to replace the solar panels and the battery pack last between 5 and 15 years . And if you have problems with your roof then you have to take the whole system down to replace the roof
Lucky you, not sure which state you live in, but in Texas utility companies designed their solar buyback plans such a way that solar owners will never have zero bills, rather, customer with solar panel will pay more than without solar. I have solar installed on my rooftop but I use now standard no buyback plan because solar buy back plans cost me more.
@@dewanh40 I live in Arizona. Happily, our state (like all others EXCEPT Texas) are attached to the national grid, so power needs can be balanced among the southwestern states. We have not had a power outage in over 20 years. My daughter's husband was transferred to Dallas the year Texas had a bitterly cold winter and the power went out. They had to flee to Oklahoma to keep warm! There are benefits to being part of the USA instead of pretending to be a sovereign nation. I have little to say positive about Texas (and neither does my daughter's family), but I wish you the best.
Saddest thing I saw was when new neighbors moved in and had panels installed. Their house faces south, as does mine. They did not have any of them installed on the south side, instead only on the northwest side. :-(
Here is what I would recommend, only pay cash for the system. If you are paying interest or fees it is not worth it. Also, size your system based on what you can afford and don’t worry about trying to replace all your grid usage. The off the grid thing is just a way to try to get people to buyer a more expensive system. Also, if you have 1:1 net metering, you can use the grid to take excess energy rather than buying a battery.
1-1 is long gone in most states I was able to zero out my bill with a fully permitted system installing it myself. Go to Signature solar buy EG 4 bundled system EG4 18KPV 3 power pro batteries plus 32 450 watt bifacial panels for $23k I got my design plan from a company called greenlancer with certified engineering stamp I was able to submit to my utility and city building department cost was $400. Greenlancer is used by 80% of the solar contractors in Canada and US. One of those secrets solar contractors don't want you to know about. I went DIY after I got a quote for $150k dollars for the same system. Solar contractor was shocked how much I saved he never heard of EG4. 14KWH Power pro battery is $3600 by far the lowest cost battery on the market that is fully 9540A certified.
If you use solar the 1st thing to decide what you want to achieve. Do you want minimum backup for critical circuits, or reduce max grid usage like keeping monthly load within tier 1 or completely go off grid. Critical circuits might include the refrigerator, coffee pot, freezer, computer network, furnace fans, some lights and circuit for medical devices. Solar doesn't work at night nor during cloud cover. How many days of no solar and how long might the grid be down. Plan to use battery back-up or a powered generator or combination of both? Are there circuitS you might want but aren't critical, such as a TV. Can you switch between your DC system and the grid? If the grid is down will you DC system work? As you can see this can get complicated real fast. It would be interestingto
I love this video. I work in the industry. The only lease I’ll sell is the one with a cash buyout option after 5 years of leasing. That’s why I always ask if they’re planning on moving in the next 5 years.
@@CaptainJansky Hard to believe a realtor would be dumb enough to get solar on the roof, not sure I believe you. Any realtor worth a damn steers you away from them.
Great video. Makes me feel better about rejecting solar lease. With the aide and advice of my installer I avoided all these problems. Thanks for the clear explanation of the problems. Will go watch the recommended 10 mistakes next. I'm about to start the process after a minor roof repair.
@@Johnny-xj5qu Exactly so the electric savings is gone and turned into a big debt. So why would anybody install these? Your financially handcuffed to the house.
@@alzuu1Many don’t know but Many solar installers are not even electricians. You want your solar panels installed correct with quality equipment hire electricians to do the job…
1:1 Net metering is mostly something of the past now. I was switched from 1:1 to approx 4:1 a year ago. Got a letter in the mail stating that they "mistakenly" set me up with a 1:1 scheme that ended in 2018 and that i have to go to this new scheme instead. So now i have a $100 electric cost and a loan. This is approx 3 times i used to pay in the winter and 2 times in the summer all the way around the year. Now I am basically forced to get batteries, which i will get cash. I love the solar thing, but man these corps find any way to screw you.
This is the same experience I have. Even though I have solar installed, I use standard plan because buyback plans cost me more. I just give away free electricity to the utility grid generated by my expensive solar system.
Hi!! I am new to this. Are you saying that the power company was giving you a whole or full credit on what you produced and sold to them and now, they dropped that to only 25% credit to your whole you are producing? That was my concern when I learned about this credit system going to the power company. I thought, in theory, if everyone went solar then how would the power company stay in business? It makes no sense for them to even do this program. I thought, at some point, this whole "system" would somehow be turned on all of us, as they always do, and we'd still be forced in to a position to have give these corporate pigs or government pigs our money. I would have to have enough panels and batteries to be completely off the grid an self sufficient. If I have the option to tap in to the grid when I want and go off the grid, when I want - day by day, as I wish, then that would be my optimum situation.
@@marcoverfelt2956 Yes, that is exactly true. I used to get a $14 bill every month and now like i said it's between $100 and $130 a month. For July I exported 600kWh, which netted me a whopping $20. Conversely I pulled about 900 kWh that I am paying the rate on now so you can do the simple math by bill is around $100... not happy to say the least. I believe California NEM 3.0 is basically the same thing (that i have in Texas). That's the reason why people are buying batteries like crazy.
@@marcoverfelt2956 I don't know your options. (same values) Years ago, electric retailer would charge 15cents kwh with a 15cents kwh buyback. Then it became charge 15cents kwh with a 5cent kwh buyback. This year, I'm trying a slight lower charge cents kwh with a wholesale(spot price) (which is what the retailers buy their electricity from generating companies. Basically, its a lower charge and far lower buy back.. to see how the math works out for me.
first 2 systems in my neighborhood , 1 they either installed it on a old roof or they damaged the roof the second sold by a tent info stand on the 1st. about 8 panels flat facing mostly east not racked toward south 4 panels straight up and down and 0 to west. . and who in there right mind make tens of thousands of anything without first checking the co out and getting mutiple estimates and not finance it with a mortgage of 10 yrs or redoo the 1st. but never take money out of refinance or refinance longer that a few yrs longer than the current one . remember do 30 yr finance or lease break even will be 25 to 35 years one poor guy i read got sold system at 85 with 32 yr break even few people live to 117 so the law might have to regulate not that 85 cannot get loan but not a predatory one
This is not making sense, I am planning to get a 11 kWh system costing almost 14 k, I would rather pay a monthly in this case 122 usd where I don’t have to worry about how the system will perform, warranty etc not to mention company going belly up. I’ll invest the 14 k in a fund that gives me monthly income of around 8 percent pa which effectively makes my investment almost 0 from day 1. We don’t get tax breaks in our country.
Im so happy i found this channel. My mom is talking with a guy tmrw but I told her I needed 2 do some research 1st. He told her $250 for life? Sounds wrong. Apricot Solar gave the quote, r they legit or scanners? Any suggestions or ideas for a northern California family? My sister is disabled and mom is elderly on an electric air machine most the day. It's expensive so she thinks this is a good idea. I worry about her being taken advantage of. Thank u ahead of time💛
Thanks for the comment! If your family would like to speak with us/myself about Solar options for the house in Northern California, you can book a link to speak with us with the link in the description of the video, and we could review the proposals you guys have been offered.
I know this video is now 5 months old but I'd like your opinion on the newer hybrid inverters like the EG4 1200kw. How would they fair against the micro inverters?
Hi I saw your video. I live in 94565 zip code. How many KWH need for 1818sq foot home I am currently using basic 9800kwh last year without AC and EV charging. Please help me out. I am planning on installing solar and very new to solar
How long does a solar panel last and how long does a battery pack last and how much does the power decrease in a solar panel each year . I know the answer but I don't hear you talking about that .
Conflicting statements: Solar contractors use low(est)-cost materials, charge inflated prices and fees, yet (15:00) "solar is a low-margin business". A + B ≠ C
I am a fan of solar but I don’t see a clear path to a ROI. I have a $1500.00 year electric bill and would pay about 15K out of pocket for a system that would provide 75% of my electricity saving me $1125 per year x 25 years saving me $28,125. Electric rates will go up and the performance may go down and maintenance and repairs are unknown so let’s project a net $40,000 savings over 25 years. If I invest 15K and earn 5% over 25 years I will have 51K. Am I missing something?
@@paulmarc-aurele5508 perfect, me too. Your generator setup is way cheaper than solar most places. Although for my location and usage, I'm going to install solar.
We just had a system installed. We signed the contract & they had it installed three week later. That's the normal waiting period due to inspections & other red tape. Took 3 days to complete. The crew did a great job installing everything. Three of the Gen.III Tesla Powerwall Batteries & the Tesla Inverter. Now waiting for the final inspection before We can put it to use.
Beware most think these panels will run if the power goes out, these wont, you will need a generator....just buy a generator period not expensive panels, a total waste
Fronius has just announced a Gen24 for the US market. I guarantee it will change your perspective on string inverters. Unlike Solaredge these things are just bulletproof. And very efficient in many cases outperforming micro inverters even in shaded situations.
EG4 18KPV and 14.5KWH battery $8000 you can't beat that price fully ESS 9540A certified even CEC listed in California. You can add a 14.5KWH battery for $3600 no other manufacture even comes close to those prices.
Good video, but the use of the word scam for a lot of these is for clicks. A PPA is not a scam. A dealer fee is not a scam, but are utility like PG&E charging $.50 per kWh is a scam. Someone paying cash for their solar system clearly is the best possible economic, ROI, but so many people have said no to purchase Solar, so the next best way to help them is a PPA. The amount of people that want to save money on their power is probably, close to 100%, but the amount of people that will actually pay cash to buy their power into the future is only about 20%, this is why they’re different ways to pay for it. Not everyone wants an easy, even though they’re better in many ways, and clearly many people don’t want ice cars anymore
Solar is not low margin lmfao i got a 9k system i priced out every component and wiring and conduit the final bill was 12000 the compay wanted to charge 28000 cash 39000 loaned . Thats some kinda mark up that was 😅
If there is anyone who would like to have a relationship with God, kindly do the following: 1. Pray the following prayer. 2. Pray this prayer willingly, genuinely, and wholeheartedly. 3. Pray this prayer out loud. Here is the prayer: “Dear Lord Jesus, Thank you for laying Your life on the cross for my sins. I ask you to forgive me. Come into my life. I receive You as my Lord and Saviour. I confess with my mouth that You are Lord. And I believe in my heart that God raised You from the grave. Now, guide me to live for You the rest of my life. In the Name of Jesus Christ, I pray. Amen.” The preceding is what you need to do to have a relationship with God. Strongly and kindly consider doing it. Thank you.
Your solar lease statement is not 100% informative and deceptive. 1. If a client doesn’t have $20k+ to purchase the lease is 100% the best option! 2. What is the rate of the lease? If a home owner is paying .40 cents kWh with the utility company and the lease can cover all or most of their usage at .20 cents they are saving toons of money! Let’s add the 2.99% escalator you speak about at .20 cents it will take more than 20 years for it to catch up to their current rate at .40 cents. 3. Lease allows the company to remove the panels for free at no cost after the lease is over! You don’t mention most roofs need to be replaced after 25 years. So if they own the panels they need to remove them at a cost! And it’s not cheap to remove and re install panels. 4. Ownership also = you’re liable for any damages or upkeep of the panels. With a lease the company is liable and most offer a warranty. 5. You also didn’t mention that solar panel production diminishes every year. So yeah you own those panels 25 years later they won’t be working as they did when you first installed them. So at the end of the day you’ll need to upgrade them. = removing the panels most companies charge $200+ per panel. You left off a lot of information. 2:16
Getting a lower fixed rate even with a small escalator is still better than being raked over the coals at .40 per Kwh with your rate doubling every five years. Also if someone really just has to own the system they can buy it out after 5 years at a huge discount.
@@ryanwelsch9384 Here in socal with socal Edison the off peak rate is .37 per kWh winter rate but between 4-8 or 5-9 it’s .75 per kWh. Which usually ends up being about $.41 blended. Some companies offer a lease, but they need collateral. Other companies put you on the hook as far as Credit goes. The easiest option for most people like you mention if you don’t have 20 K to throw down on some panels is to get the PPA lease. Our PPA lease does not require collateral or go on your credit. It’s just a utility service, so we’re able to get people down lower than the lowest tier of SCE’s rate / low income or, partly renewable or if they have life support equipment in their house or an electric vehicle. And we also have a cash PPA, which has all the same benefits as our PPA. That means everything is warranted for 25 years. That means you’ll get two replacement batteries for each one battery you got, the panels are good for 25 years guaranteed, the inverter is guaranteed for 25 years, and the roof is guaranteed for 15 years under one warranty and another 10 years on the other warranty. That means if the roof starts to leak and it’s determined that somebody damaged it during the installation process it’s 100% covered. The escalator is anywhere from 2% to 3.9%, which is still less than a 20% annual increase which it has been historically. In 2018 SCEs rate was $.17 per kilowatt hour in 2023 it was $.33 per kilowatt hour which is a 97% increase and from 2023 to 2024. We got a notice saying that their rates were going up 22.6%. So you can see that even with our tiny escalator it’ll take a lot of years just to equal to one year with SCE. It’s kind of a no-brainer. Have your rate doubled every five years or just goes solar with a PPA that saves you money day one. A lot of people like to say that solar is a scam but if you really look at who’s doing the scamming, you’ll see it’s the utility companies. It’s not like they’re gonna call you up and tell you you can do better. Right? There are some shitty solar companies to so picking the right one is very important. Our company is privately owned so we don’t have shareholders for us. The shareholders are the homeowners so we have their back instead of a few people sitting around a big desk wanting more money lol. Oh yeah, I forgot to answer your question lol. You always want to get a warranty no matter what if you’re buying it cash on your own you’re going to have to deal with four different warranties one for the roof one for the panels one for the inverters and one for the batteries. Also, in addition to all that if you try to do it on your own thinking that you’re that guy that’s just gonna do it. You also have to deal with all the permitting. If you’re a skilled electrician, go for it. It wouldn’t be a question of your skill. It would just be a question of whether or not you really want to deal with climbing up there to troubleshoot the system or deal with each separate warranty on your own. That’s kind of a no-brainer too lol. With us we take care of everything without having anyone spend any money out of pocket on anything except with the lower bill. Also, one other thing is you get what you pay for. I’m in the process of helping someone right now. Who’s had a general contractor tie his money up for 13 months because he’s not a specialized solar installer. He’s still dealing with the permits as of today. After general contractors are done the likeliness that they will willingly just come out and fix anything are slim especially if they subcontract it with a cheap installation crew. Good luck with getting them to fix anything .Bottom line is nobody’s gonna want to come out and fix your shit after they get paid for free, especially if there is no warranty. I don’t type all this. I just ramble on into the microphone BTW. 🤣
You can also get a lease or PPA with a 0% escalator so the payment stays the same throughout. But in any case, the total of payments, regardless of the escalator, is the same at the end of 25 years. So, the purpose of the escalator is to increase savings up front while the utility rate is where it is now. As the utility rate increases, so will the escalator. Leases and PPAs are good options for a many homeowners.
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I have the perfect home for a solar installation, but I haven’t done it because I’m so wary of scammers and false promises and flaky contractors.
get a qoute. be a man!!
You should be fine, just need to educate yourself on what things cost and what you're paying for.
also be sure of what you want and features you are looking for. A lot of the solar sellers, are doing solar only grid tie only, where you get a cheaper power rate, but it doesn't actually power your home when the power is off due to various rebates and lower cost, making it easier to sell to the home owner on cost.
So make sure that it will power your home when the power goes off and look into battery backup. The cost is much higher, and a lot of the less than capable solar installers will avoid that due to the permitting involved, but the ones that do, know what they are doing.
I too am experienced with solar sales, installation, and repair. I have also had Solar on my home since 20005.
Everything this guy said is spot on. If your roof faces east, south, and/or west, has little shade, and has room for solar, it is a great investment for your wallet and our environment.
Thanks Ryan!
Are you from the future?
@@Me97202 Not that I know of.
@@Me97202Well, he drives a Delorean, so....
Jack you do a very good job. I have solar and I did buy the solar I would never do a lease
As a construction contractor I make my living performing upgrades and builds. I am not a bank or a finance company. Many competitors have side hustles allowing them to make additional money of of the financing of projects.
I was ripped off by a solar panel company. I trusted them to design the best system and implement it quickly. WRONG. After this particular solar panel company went bankrupt, I hired another company to check out my solar system. They told me that the original company had tripled the number of panels I really needed, thus increasing my loan amount and making the company some quick money. Then the original company took over a year to get the system up and running. But even with savings in utility company bills, the loan itself is HIGHER than any of those utility company bills. So I now pay more than I would have for power without a solar system. The only good part is that I got a government tax rebate of $30,000 for the system, which eased the pain somewhat. And although I have the loan payments, I will never pay a utility company bill again. Every month the utility bill is a negative number that I owe.
Thanks for sharing. It's so important to do things the right way the first time, because the industry is full of stories like this.
Solar panels decreased 3% each year so in between 20 and 25 to 30 years you will have to replace the solar panels and the battery pack last between 5 and 15 years . And if you have problems with your roof then you have to take the whole system down to replace the roof
Lucky you, not sure which state you live in, but in Texas utility companies designed their solar buyback plans such a way that solar owners will never have zero bills, rather, customer with solar panel will pay more than without solar. I have solar installed on my rooftop but I use now standard no buyback plan because solar buy back plans cost me more.
@@dewanh40 I live in Arizona. Happily, our state (like all others EXCEPT Texas) are attached to the national grid, so power needs can be balanced among the southwestern states. We have not had a power outage in over 20 years. My daughter's husband was transferred to Dallas the year Texas had a bitterly cold winter and the power went out. They had to flee to Oklahoma to keep warm! There are benefits to being part of the USA instead of pretending to be a sovereign nation. I have little to say positive about Texas (and neither does my daughter's family), but I wish you the best.
Wao! You paid $100K for your system? That's what the rebate seems to imply. What size is that one?
Saddest thing I saw was when new neighbors moved in and had panels installed. Their house faces south, as does mine. They did not have any of them installed on the south side, instead only on the northwest side. :-(
I'm betting there is not a production guarantee in their contract too. (Seen it too. sadly)
Here is what I would recommend, only pay cash for the system. If you are paying interest or fees it is not worth it. Also, size your system based on what you can afford and don’t worry about trying to replace all your grid usage. The off the grid thing is just a way to try to get people to buyer a more expensive system. Also, if you have 1:1 net metering, you can use the grid to take excess energy rather than buying a battery.
*sighs in California*
1-1 is long gone in most states I was able to zero out my bill with a fully permitted system installing it myself. Go to Signature solar buy EG 4 bundled system EG4 18KPV 3 power pro batteries plus 32 450 watt bifacial panels for $23k I got my design plan from a company called greenlancer with certified engineering stamp I was able to submit to my utility and city building department cost was $400. Greenlancer is used by 80% of the solar contractors in Canada and US. One of those secrets solar contractors don't want you to know about. I went DIY after I got a quote for $150k dollars for the same system. Solar contractor was shocked how much I saved he never heard of EG4. 14KWH Power pro battery is $3600 by far the lowest cost battery on the market that is fully 9540A certified.
If you use solar the 1st thing to decide what you want to achieve. Do you want minimum backup for critical circuits, or reduce max grid usage like keeping monthly load within tier 1 or completely go off grid.
Critical circuits might include the refrigerator, coffee pot, freezer, computer network, furnace fans, some lights and circuit for medical devices. Solar doesn't work at night nor during cloud cover. How many days of no solar and how long might the grid be down. Plan to use battery back-up or a powered generator or combination of both? Are there circuitS you might want but aren't critical, such as a TV. Can you switch between your DC system and the grid? If the grid is down will you DC system work? As you can see this can get complicated real fast. It would be interestingto
I love this video. I work in the industry.
The only lease I’ll sell is the one with a cash buyout option after 5 years of leasing. That’s why I always ask if they’re planning on moving in the next 5 years.
Did they tell you that panels on your roof lower the value of the house and make it harder to sell? Talk to a realtor.
@@RadioRich100 I’ve signed up numerous realtors. It is not that black and white at all
@@CaptainJansky Hard to believe a realtor would be dumb enough to get solar on the roof, not sure I believe you. Any realtor worth a damn steers you away from them.
@@RadioRich100 What state are you in?
Great video. Makes me feel better about rejecting solar lease. With the aide and advice of my installer I avoided all these problems. Thanks for the clear explanation of the problems. Will go watch the recommended 10 mistakes next. I'm about to start the process after a minor roof repair.
we do other options .. there are dozens of way of procuring solar and I am glad lease isn't one we usually choose.
If you do the lease, you have problems selling your home
In many circumstances, this is correct.
A lein on your home and the new home buyer must agree to taking over that 30 year lease on the solar.total ripoff.
Not totally correct, you will have problems selling your home with panels on the roof anyway they got there plus they lower the value of the house .
I'm not sure if it's trouble selling the house..... As long as the current homeowner is going to pay off the system completely before closing.
@@Johnny-xj5qu Exactly so the electric savings is gone and turned into a big debt. So why would anybody install these? Your financially handcuffed to the house.
I helped a retired electrician build a
Solar system on ground mounts on his property, he didnt want them on his roof.
My friend went through h*** with solar panels. I would never ever get them.
Poor thing dang near lost her mind amd went broke.
What happened?
That is exactly why you need to choose good equipment and a reputable company.
@@alzuu1Many don’t know but Many solar installers are not even electricians.
You want your solar panels installed correct with quality equipment hire electricians to do the job…
1:1 Net metering is mostly something of the past now. I was switched from 1:1 to approx 4:1 a year ago. Got a letter in the mail stating that they "mistakenly" set me up with a 1:1 scheme that ended in 2018 and that i have to go to this new scheme instead. So now i have a $100 electric cost and a loan. This is approx 3 times i used to pay in the winter and 2 times in the summer all the way around the year. Now I am basically forced to get batteries, which i will get cash. I love the solar thing, but man these corps find any way to screw you.
This is the same experience I have. Even though I have solar installed, I use standard plan because buyback plans cost me more. I just give away free electricity to the utility grid generated by my expensive solar system.
Hi!! I am new to this. Are you saying that the power company was giving you a whole or full credit on what you produced and sold to them and now, they dropped that to only 25% credit to your whole you are producing? That was my concern when I learned about this credit system going to the power company. I thought, in theory, if everyone went solar then how would the power company stay in business? It makes no sense for them to even do this program. I thought, at some point, this whole "system" would somehow be turned on all of us, as they always do, and we'd still be forced in to a position to have give these corporate pigs or government pigs our money. I would have to have enough panels and batteries to be completely off the grid an self sufficient. If I have the option to tap in to the grid when I want and go off the grid, when I want - day by day, as I wish, then that would be my optimum situation.
@@marcoverfelt2956 Yes, that is exactly true. I used to get a $14 bill every month and now like i said it's between $100 and $130 a month. For July I exported 600kWh, which netted me a whopping $20. Conversely I pulled about 900 kWh that I am paying the rate on now so you can do the simple math by bill is around $100... not happy to say the least. I believe California NEM 3.0 is basically the same thing (that i have in Texas). That's the reason why people are buying batteries like crazy.
@@marcoverfelt2956 I don't know your options. (same values) Years ago, electric retailer would charge 15cents kwh with a 15cents kwh buyback. Then it became charge 15cents kwh with a 5cent kwh buyback. This year, I'm trying a slight lower charge cents kwh with a wholesale(spot price) (which is what the retailers buy their electricity from generating companies. Basically, its a lower charge and far lower buy back.. to see how the math works out for me.
What state?
first 2 systems in my neighborhood , 1 they either installed it on a old roof or they damaged the roof the second sold by a tent info stand on the 1st. about 8 panels flat facing mostly east not racked toward south 4 panels straight up and down and 0 to west. . and who in there right mind make tens of thousands of anything without first checking the co out and getting mutiple estimates and not finance it with a mortgage of 10 yrs or redoo the 1st. but never take money out of refinance or refinance longer that a few yrs longer than the current one . remember do 30 yr finance or lease break even will be 25 to 35 years one poor guy i read got sold system at 85 with 32 yr break even few people live to 117 so the law might have to regulate
not that 85 cannot get loan but not a predatory one
This is not making sense, I am planning to get a 11 kWh system costing almost 14 k, I would rather pay a monthly in this case 122 usd where I don’t have to worry about how the system will perform, warranty etc not to mention company going belly up. I’ll invest the 14 k in a fund that gives me monthly income of around 8 percent pa which effectively makes my investment almost 0 from day 1. We don’t get tax breaks in our country.
Thanks for the info!
👍
let me know if I can help with solar info. I'm in the biz of helping..not scamming.
High pressure Sells people is the perfect word for it my mom should of retired but shes busy paying the cost of this
Too sad, older folks are typical targets. What a shame. The solar math is not that easy to understand.
Very helpful presentation.
Very good video. Thanks! Good to see honest solar advice these days.
Im so happy i found this channel. My mom is talking with a guy tmrw but I told her I needed 2 do some research 1st. He told her $250 for life? Sounds wrong. Apricot Solar gave the quote, r they legit or scanners? Any suggestions or ideas for a northern California family? My sister is disabled and mom is elderly on an electric air machine most the day. It's expensive so she thinks this is a good idea. I worry about her being taken advantage of. Thank u ahead of time💛
Thanks for the comment! If your family would like to speak with us/myself about Solar options for the house in Northern California, you can book a link to speak with us with the link in the description of the video, and we could review the proposals you guys have been offered.
Remember to add into your costs "delivery" - you still have to pay your electric company for that which solar sales agents always fail to mention
Why would you pay delivery if you’re generating your own electricity?
@@1drhnsd1 i thought the same thing - just remember to ask that question
Welcome back!!!!
Thanks!
Great video thanks
Which inverter suppliers or manufactures do you partner with?
Luv the transition sky. I want to screenshot lift it.Is the clip free to republish?
I know this video is now 5 months old but I'd like your opinion on the newer hybrid inverters like the EG4 1200kw. How would they fair against the micro inverters?
How about the battery insensitive program California is offering can you make a video on that?
DIY hybrid inverter with batteries. Only way to go
Do you operate in Michigan?
Hi I saw your video. I live in 94565 zip code. How many KWH need for 1818sq foot home I am currently using basic 9800kwh last year without AC and EV charging. Please help me out. I am planning on installing solar and very new to solar
How long does a solar panel last and how long does a battery pack last and how much does the power decrease in a solar panel each year . I know the answer but I don't hear you talking about that .
Conflicting statements: Solar contractors use low(est)-cost materials, charge inflated prices and fees, yet (15:00) "solar is a low-margin business". A + B ≠ C
I am a fan of solar but I don’t see a clear path to a ROI. I have a $1500.00 year electric bill and would pay about 15K out of pocket for a system that would provide 75% of my electricity saving me $1125 per year x 25 years saving me $28,125. Electric rates will go up and the performance may go down and maintenance and repairs are unknown so let’s project a net $40,000 savings over 25 years. If I invest 15K and earn 5% over 25 years I will have 51K. Am I missing something?
Solar on your roof is never worth it.
For that situation, you need some other reason beyond ROI, such as wanting power resilience because of medical devices or similar critical systems.
@@TagiukGold I have a generator and a properly wired panel so it can’t back feed the grid.
@@paulmarc-aurele5508 perfect, me too. Your generator setup is way cheaper than solar most places. Although for my location and usage, I'm going to install solar.
Check with Tesla, you can get a 4k system for about $8k after the tax credit.
I was told that a Tesla house battery is $22,000 and takes a year to get.
We just had a system installed. We signed the contract & they had it installed three week later. That's the normal waiting period due to inspections & other red tape. Took 3 days to complete. The crew did a great job installing everything. Three of the Gen.III Tesla Powerwall Batteries & the Tesla Inverter. Now waiting for the final inspection before We can put it to use.
what area are you doing your business, do you serve Orange county Southern California, really like your presentation
Yes, we can serve Southern California. You can book a call at www.solarprosteam.com/
Beware most think these panels will run if the power goes out, these wont, you will need a generator....just buy a generator period not expensive panels, a total waste
Do they have zero down , zero interest, and zero electricity bills for the next twenty five years.
Is that meant to be funny? Those three things are incompatible.
Then and only will I install solar.
@@futurus777 Why not if you reduce your expenses?
Turn off your breaker
Probably, but at $6/Watt.
Thinking of creating an rv system and using the system at home to offset part of bill at home when not camping. Any thoughts?
Did you mean to say PV system? If so, that's sounds like a good idea, though I'm not aware of your situation
A system for 5th wheel. Portable for use at home and on the road.
Fronius has just announced a Gen24 for the US market. I guarantee it will change your perspective on string inverters. Unlike Solaredge these things are just bulletproof. And very efficient in many cases outperforming micro inverters even in shaded situations.
EG4 18KPV and 14.5KWH battery $8000 you can't beat that price fully ESS 9540A certified even CEC listed in California. You can add a 14.5KWH battery for $3600 no other manufacture even comes close to those prices.
You lost me on "scam 5" when you became a Enphase fan boi.
You'll have to do it yourself. Never finance.
Good video, but the use of the word scam for a lot of these is for clicks. A PPA is not a scam. A dealer fee is not a scam, but are utility like PG&E charging $.50 per kWh is a scam. Someone paying cash for their solar system clearly is the best possible economic, ROI, but so many people have said no to purchase Solar, so the next best way to help them is a PPA. The amount of people that want to save money on their power is probably, close to 100%, but the amount of people that will actually pay cash to buy their power into the future is only about 20%, this is why they’re different ways to pay for it. Not everyone wants an easy, even though they’re better in many ways, and clearly many people don’t want ice cars anymore
Solar is not low margin lmfao i got a 9k system i priced out every component and wiring and conduit the final bill was 12000 the compay wanted to charge 28000 cash 39000 loaned . Thats some kinda mark up that was 😅
That's material cost. Right? Any labor cost? Or did you put 100% w/ your own muscle and brain there? $1.33/W is very cheap!
To me, the solar panels will destroy the roof.
If there is anyone who would like to have a relationship with God, kindly do the following:
1. Pray the following prayer.
2. Pray this prayer willingly, genuinely, and wholeheartedly.
3. Pray this prayer out loud.
Here is the prayer:
“Dear Lord Jesus,
Thank you for laying Your life on the cross for my sins. I ask you to forgive me. Come into my life. I receive You as my Lord and Saviour. I confess with my mouth that You are Lord. And I believe in my heart that God raised You from the grave. Now, guide me to live for You the rest of my life.
In the Name of Jesus Christ, I pray.
Amen.”
The preceding is what you need to do to have a relationship with God. Strongly and kindly consider doing it. Thank you.
Why would anyone go to a solar company loan .
Buy your own put In Yourself
Or get an electrician.
SCAM WARNING !
Sounds like a lot of bullshit...I will never get solar. We get about 5 guys a week wanting to install solar. I had to become an asshole to them.
Your solar lease statement is not 100% informative and deceptive.
1. If a client doesn’t have $20k+ to purchase the lease is 100% the best option!
2. What is the rate of the lease? If a home owner is paying .40 cents kWh with the utility company and the lease can cover all or most of their usage at .20 cents they are saving toons of money!
Let’s add the 2.99% escalator you speak about at .20 cents it will take more than 20 years for it to catch up to their current rate at .40 cents.
3. Lease allows the company to remove the panels for free at no cost after the lease is over! You don’t mention most roofs need to be replaced after 25 years. So if they own the panels they need to remove them at a cost! And it’s not cheap to remove and re install panels.
4. Ownership also = you’re liable for any damages or upkeep of the panels. With a lease the company is liable and most offer a warranty.
5. You also didn’t mention that solar panel production diminishes every year. So yeah you own those panels 25 years later they won’t be working as they did when you first installed them. So at the end of the day you’ll need to upgrade them. = removing the panels most companies charge $200+ per panel.
You left off a lot of information. 2:16
Getting a lower fixed rate even with a small escalator is still better than being raked over the coals at .40 per Kwh with your rate doubling every five years. Also if someone really just has to own the system they can buy it out after 5 years at a huge discount.
Where is the electricity cost $0.40/Kwh? If the leasing company is liable, why would you need a warranty?
@@ryanwelsch9384 Here in socal with socal Edison the off peak rate is .37 per kWh winter rate but between 4-8 or 5-9 it’s .75 per kWh. Which usually ends up being about $.41 blended. Some companies offer a lease, but they need collateral. Other companies put you on the hook as far as Credit goes. The easiest option for most people like you mention if you don’t have 20 K to throw down on some panels is to get the PPA lease. Our PPA lease does not require collateral or go on your credit. It’s just a utility service, so we’re able to get people down lower than the lowest tier of SCE’s rate / low income or, partly renewable or if they have life support equipment in their house or an electric vehicle. And we also have a cash PPA, which has all the same benefits as our PPA. That means everything is warranted for 25 years. That means you’ll get two replacement batteries for each one battery you got, the panels are good for 25 years guaranteed, the inverter is guaranteed for 25 years, and the roof is guaranteed for 15 years under one warranty and another 10 years on the other warranty. That means if the roof starts to leak and it’s determined that somebody damaged it during the installation process it’s 100% covered. The escalator is anywhere from 2% to 3.9%, which is still less than a 20% annual increase which it has been historically. In 2018 SCEs rate was $.17 per kilowatt hour in 2023 it was $.33 per kilowatt hour which is a 97% increase and from 2023 to 2024. We got a notice saying that their rates were going up 22.6%. So you can see that even with our tiny escalator it’ll take a lot of years just to equal to one year with SCE. It’s kind of a no-brainer. Have your rate doubled every five years or just goes solar with a PPA that saves you money day one. A lot of people like to say that solar is a scam but if you really look at who’s doing the scamming, you’ll see it’s the utility companies. It’s not like they’re gonna call you up and tell you you can do better. Right? There are some shitty solar companies to so picking the right one is very important. Our company is privately owned so we don’t have shareholders for us. The shareholders are the homeowners so we have their back instead of a few people sitting around a big desk wanting more money lol. Oh yeah, I forgot to answer your question lol. You always want to get a warranty no matter what if you’re buying it cash on your own you’re going to have to deal with four different warranties one for the roof one for the panels one for the inverters and one for the batteries. Also, in addition to all that if you try to do it on your own thinking that you’re that guy that’s just gonna do it. You also have to deal with all the permitting. If you’re a skilled electrician, go for it. It wouldn’t be a question of your skill. It would just be a question of whether or not you really want to deal with climbing up there to troubleshoot the system or deal with each separate warranty on your own. That’s kind of a no-brainer too lol. With us we take care of everything without having anyone spend any money out of pocket on anything except with the lower bill. Also, one other thing is you get what you pay for. I’m in the process of helping someone right now. Who’s had a general contractor tie his money up for 13 months because he’s not a specialized solar installer. He’s still dealing with the permits as of today. After general contractors are done the likeliness that they will willingly just come out and fix anything are slim especially if they subcontract it with a cheap installation crew. Good luck with getting them to fix anything .Bottom line is nobody’s gonna want to come out and fix your shit after they get paid for free, especially if there is no warranty. I don’t type all this. I just ramble on into the microphone BTW. 🤣
@@marcissobadass With those utility rates you have to be retarded to not want solar on your house. Here the rate is about $0.25/kwh.
You can also get a lease or PPA with a 0% escalator so the payment stays the same throughout. But in any case, the total of payments, regardless of the escalator, is the same at the end of 25 years. So, the purpose of the escalator is to increase savings up front while the utility rate is where it is now. As the utility rate increases, so will the escalator. Leases and PPAs are good options for a many homeowners.
This guy is a con artist too, telling you what the other guy does - same as he does. Dont get solar on your house.
What would happen to the Solar Panels when the Sun won’t shine ✨ and the Moon turns into Blood before the great day of the Lord. ?????
Making obvious declarations hoping to generate attachments.......you thought it possible,,,, are you judging others by your standards?
I’ve got a better solution. Don’t even have them at all. Just pay your bill whatever the price. barely goes up a couple hundred pound a year.
your loss if you don't like to save money.
Great video.
Thanks!
I would like a quote I’m in Nevada 89048
You only need to know one thing to avoid a solar scam:
If they come to your house soliciting solar, it is a SCAM!!!!