ive done a lot of reading, and thinking of going with prepaid (????) with SUNRUN who uses TRINITY SOLER to install the panels ( i live in the NYC area) has any one used them? and were you happy with them?SYSTEM size 5.500 22 trina panels 250s black frame PV powerd (my cost $9,841 after SUNRUN takes all tax creadit and rebaits) it cost me about $1700.00 a year to con-ed) it could take 6 years to brake even? any input would HELP
Announcement
Collapse
No announcement yet.
Re buying solar panels/not leasing
Collapse
X
-
-
Originally posted by TJBOB View Postive done a lot of reading, and thinking of going with prepaid (????) with SUNRUN who uses TRINITY SOLER to install the panels ( i live in the NYC area) has any one used them? and were you happy with them?SYSTEM size 5.500 22 trina panels 250s black frame PV powerd (my cost $9,841 after SUNRUN takes all tax creadit and rebaits) it cost me about $1700.00 a year to con-ed) it could take 6 years to brake even? any input would HELP[SIGPIC][/SIGPIC]Comment
-
Originally posted by TJBOB View Postive done a lot of reading, and thinking of going with prepaid (????) with SUNRUN who uses TRINITY SOLER to install the panels ( i live in the NYC area) has any one used them? and were you happy with them?SYSTEM size 5.500 22 trina panels 250s black frame PV powerd (my cost $9,841 after SUNRUN takes all tax creadit and rebaits) it cost me about $1700.00 a year to con-ed) it could take 6 years to brake even? any input would HELP
I think the important thing is to get additional quotes at this point.Comment
-
Originally posted by Ian S View PostYou appear to be assuming that the system will offset all your electric costs. Make sure that's the case. If I were you, I'd get a couple of other quotes including at least one to buy outright. With the huge incentives available in NY, either leasing or buying can work out financially for you. Here's a discussion of the various pros and cons. You might want to read that entire thread. How you perceive the importance of the various factors to your situation will guide your decision. Some would say that a general rule of thumb is that the prepaid lease cost should be less than the net cost of purchase after all incentives are accounted for. But that would be for you to decide after considering all the factors.
I think the important thing is to get additional quotes at this point.Comment
-
Originally posted by TJBOB View Posti did get about 4 est this one seems the best, the other ones were about 15,16,000.00 for prepay (they are all about the same except for cost. 20year lease system maintand buy they) i would buy outrite, about $20,21000.00 but then no maintence i am on my own, i am retiered with no taxable income, so no tax credits,i dont plan on selling, but if i do the buyer will have no elec bill for up to 20.years depending how many years are left on lease. after the 20 years home owner( me or who ever) can have the system removed at no cost (if CO. still around) or lease it for 5 mor years, (i dont know if there would be added cost) i am 73 years old dont think it will my problem?Comment
-
I meet an old friend at a wedding this week end, we both had the same interests of installing solar panels, I am going for the prepaid and he said he was going to buy outright (because he is still working and can receive all tax credits) I mentioned that mine would guaranteed and serviced by the co. he told me that his would have the same guarantee as I am getting? The way I understood it if you buy outright you are on your own? Does some one know what he said is true? We both live in the New York City areaComment
-
Originally posted by TJBOB View PostI meet an old friend at a wedding this week end, we both had the same interests of installing solar panels, I am going for the prepaid and he said he was going to buy outright (because he is still working and can receive all tax credits) I mentioned that mine would guaranteed and serviced by the co. he told me that his would have the same guarantee as I am getting? The way I understood it if you buy outright you are on your own? Does some one know what he said is true? We both live in the New York City area
One thing with the leased systems is they come with a performance guarantee. Typically, you will never see a dime from that as they are designed to underestimate your actual production. However, I could see where it might serve as a prod to get any system failures taken care of reasonably quickly as the performance guarantee could be triggered if your system is down for any length of time.Comment
-
Originally posted by TJBOB View Postive done a lot of reading, and thinking of going with prepaid (????) with SUNRUN who uses TRINITY SOLER to install the panels ( i live in the NYC area) has any one used them? and were you happy with them?SYSTEM size 5.500 22 trina panels 250s black frame PV powerd (my cost $9,841 after SUNRUN takes all tax creadit and rebaits) it cost me about $1700.00 a year to con-ed) it could take 6 years to brake even? any input would HELPComment
-
in my search for different prepaid deals I ran across a co. called NRG solar witch is a little lower price then other co. has any body heard of them or dealt with them? if so how are they to deal with?Comment
-
Originally posted by TJBOB View Postin my search for different prepaid deals I ran across a co. called NRG solar witch is a little lower price then other co. has any body heard of them or dealt with them? if so how are they to deal with?
Both were a nightmare with endless delays getting them approved by NRGNABCEP certified Technical Sales Professional
[URL="http://www.solarpaneltalk.com/showthread.php?5334-Solar-Off-Grid-Battery-Design"]http://www.solarpaneltalk.com/showth...Battery-Design[/URL]
[URL]http://www.calculator.net/voltage-drop-calculator.html[/URL] (Voltage drop Calculator among others)
[URL="http://www.gaisma.com"]www.gaisma.com[/URL]Comment
-
Working?
Originally posted by TJBOBwe both had the same interests of installing solar panels, I am going for the prepaid and he said he was going to buy outright (because he is still working and can receive all tax credits)
Bruce RoeComment
-
Originally posted by bcroe View PostWhy do you need to be working, to receive all tax credits. I'm collecting my Fed and State tax credits this year.
Bruce RoeComment
-
Originally posted by TJBOBFROM WHAT I UNDERSTAND you can't get tax refund if you don't pay taxs? (WHICH I DO NOT BECAUSE I AM RETIRED AN DO NOT HAVE TAXABLE INCOME ( i hope i am wrong if i am then i will be able to get some typ of refund) did youy pay any taxs for the year you are fileing for? PLEASE GET BACK TO ME BECAUSE YOUR ANSWER CAN BE VERY HELPFULL TO ME.
who retired are eligible for Social Security (taxable), and/or some have pensions and other sources. If
the tax is small, the remainder of a partial rebate can be carried over to later years, assuming the
Federal program is still funded then. Your results may vary. Bruce (retired) RoeComment
-
Originally posted by bcroe View PostIn USA MOST of those
who retired are eligible for Social Security (taxable), and/or some have pensions and other sources.Comment
-
Originally posted by Ian S View PostSocial Security benefits are not normally taxable unless the recipient has other income that pushes the total above a certain level. Then there's a calculation to be made to determine how much of the SS benefits are subject to tax. The 30% tax credit for solar is non-refundable i.e. you have to have a tax obligation to make use of it. If someone had limited SS income but significant amounts in conventional IRA's, I suppose one could convert some portion of the IRA to a Roth IRA and use the solar tax credit to offset the cost of conversion. Best to talk to a tax adviser to see what the best options might be.Comment
Comment