Comments on: Sunrun Lands $630 Million For More Home Solar Installations

By: Anothercoilgun

Anothercoilgun — Sun, 30 Jun 2013 18:01:00 +0000

One persons freedom does not negate another persons dependency.

By: Anothercoilgun

Anothercoilgun — Sun, 30 Jun 2013 17:58:00 +0000

Not only can I, but I do.
“Turning” implies the onset, becoming, and near future.

By: Bob_Wallace

Bob_Wallace — Fri, 28 Jun 2013 19:37:00 +0000

You are totally free to purchase and install your own system. There is no requirement that you involve yourself with JPM or any other business.

The important issue is getting more renewable generation on the grid so that we can cut back on fossil fuel generation.

By: Anothercoilgun

Anothercoilgun — Fri, 28 Jun 2013 19:29:00 +0000

The idea of solar once represented freedom from. Now that the likes of JPM are involved with financing and the hardware installed on your property belongs to someone else, this is turning back to a state of dependency.

By: Zachary Shahan

Zachary Shahan — Thu, 27 Jun 2013 08:47:00 +0000

do you have more info on the $0 down loans? i have heard those aren’t particularly easy to get, but sure it depends…

of course, as Bob notes, $0 down means not paying anything up front — it doesn’t mean forfeiting your tax credit — but i get your point.

By: Bob_Wallace

Bob_Wallace — Thu, 27 Jun 2013 01:29:00 +0000

Signing over the tax credit is not what I would call an upfront cost. The lease signer is paying no money out of pocket. Having to make some sort of lease initiation fee would be an upfront cost. Kind of common in leasing a vehicle.

Assigning/selling tax credits is pretty common. Someone building a wind farm might opt for the 30% ITC rather than the 2.3 cent PTC and sell the ITC for cash.

In general, I agree, purchasing is a better deal for the homeowner than is leasing. And perhaps there needs to be a better job done of educating people about the advantages of owning over leasing. But I’m for whatever gets more panels on the grid (as long as no one gets hurt).

By: ronwint

ronwint — Thu, 27 Jun 2013 01:09:00 +0000

The solar leasing and PPA companies are fooling the consumer with the false notion that there is no upfront cost. The truth is that there is
absolutely no such thing as a $0 down solar lease or PPA and here’s why. A
requirement of either of these financing programs is that you agree up front to
give the leasing or PPA company your 30% federal tax credit worth thousands of
dollars as well as any other financial incentives. The CEC currently reports an
average system price of $6.19 a watt. Even if you subtract a gracious 50 cents
per Watt rebate, that’s $5.69 per Watt. At that price a 6 kW solar system would
yield a federal tax credit of $10,242 ! Don’t be fooled by the solar lease/PPA
companies. With a 0 down loan instead of a lease, you’ll get to keep the 30%
federal tax credit as well as all other applicable financial incentives for
yourself and you’ll own your solar system for a much greater return on
investment.

By: JCaude4553

JCaude4553 — Tue, 25 Jun 2013 22:21:00 +0000

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Because the current business model of Solar City is so good, there
will be many me-too companies out there, which if they will not collude,
should bring the price of electricity down further.

By: Marion Meads

Marion Meads — Tue, 25 Jun 2013 16:11:00 +0000

There is tremendous profit to be made in the installation with the current business model of letting the homeowner have a paltry discount for electricity generated by the solar panel. For one, the tax breaks and subsidies alone can pay for the whole material and installation costs to these installers, and then they get pension money for life from the homeowner. It is still much better to DIY solar PV installation and hire a licensed electrician to do final inspection and connecting your installed solar to the grid.

Because the current business model of Solar City is so good, there will be many me-too companies out there, which if they will not collude, should bring the price of electricity down further.