Is the NEM 3.0 (in california) a legit concern in ability to use numbers and profits in your sales presentation? With NEM 3.0 its said the economic value of installing solar will go DOWN by 50-75%. Other states that have implemented this new metering policy have seen solar installations plummet. I'm just wondering how Michael O'Donnell would tackle this and make it into even more sales from it? In the short term it could boost sales until April 23 2023 because that's the deadline, but after that I wonder what the pitch will be. Buyers would need to add battery storage to the cost of the install which increases total cost and lengthens the payback period by possibly another decade.
Sure dude. But if you set it up right, you can sell solar when its more than the current electric bill. Solar is a long term play not a short term savings. Imagine if you were around when gas cost $1/ gallon. Imagine if you locked in the price of gas at $2/ gallon for your lifetime. Sure man it would be silly short term, but look at how much gas has gone up…
Mike says you save 50 to 100 dollars per month for 25 years. And Mike says that adds up to about $100,000. Let me do the math. 12 months x 100 dollars = 1,200 per year. Multiply that by 25 years and you get $30,000. Where in the hell is Mike getting $100.000 savings. Please tell me! How does that add up to $100,000.
Joe, Your math would make sense if and only if the electric company did not increase their rate for 25 years and continue to charge you the same exact rate. But we know that’s not happening. So the more they increase their rates the more you save. Ultimately it’ll add up to said $100,000 of savings by year 25!
Bro that “25 year mortgage for a power plant” is a million dollar line in itself.
Agreed!
Great interview! Thanks!
Thank you
💯🙌
Is the NEM 3.0 (in california) a legit concern in ability to use numbers and profits in your sales presentation? With NEM 3.0 its said the economic value of installing solar will go DOWN by 50-75%. Other states that have implemented this new metering policy have seen solar installations plummet. I'm just wondering how Michael O'Donnell would tackle this and make it into even more sales from it?
In the short term it could boost sales until April 23 2023 because that's the deadline, but after that I wonder what the pitch will be. Buyers would need to add battery storage to the cost of the install which increases total cost and lengthens the payback period by possibly another decade.
Easy to sell in markets where solar is less than the power bill.
Sure dude. But if you set it up right, you can sell solar when its more than the current electric bill. Solar is a long term play not a short term savings.
Imagine if you were around when gas cost $1/ gallon. Imagine if you locked in the price of gas at $2/ gallon for your lifetime. Sure man it would be silly short term, but look at how much gas has gone up…
@@shroud1390 I know I sell in a market the solar is more I use this all the time.
@@isaacvera7802 ok. Cool. Which market are you in?
@@shroud1390 Oregon/Idaho
@@isaacvera7802 are you doing low interest rates?
DO IT NO MATTER WHATTT!
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Mike says you save 50 to 100 dollars per month for 25 years. And Mike says that adds up to about $100,000. Let me do the math. 12 months x 100 dollars = 1,200 per year. Multiply that by 25 years and you get $30,000. Where in the hell is Mike getting $100.000 savings. Please tell me! How does that add up to $100,000.
Compound interest
Joe, Your math would make sense if and only if the electric company did not increase their rate for 25 years and continue to charge you the same exact rate. But we know that’s not happening. So the more they increase their rates the more you save. Ultimately it’ll add up to said $100,000 of savings by year 25!
Does he vacation?
Doubt it lol