Submitted by ClnclyDprsd420 t3_zeqb60 in RhodeIsland
darkrom t1_izchn69 wrote
Reply to comment by Status_Silver_5114 in F*ck you RI Energy! by ClnclyDprsd420
You need to have the money up front, or take a loan for it. If your loan is less than your electric bill every month, and it’s paid off in the warranty period then yes that would be a win. Assuming you don’t need to cut down a ton of trees. Can’t get over going green by removing all the greenery.
Status_Silver_5114 t1_izdvsgn wrote
We took a loan out for it and it was less than our elec bill. We paid it off in two years. But even without that the knowledge that our power was coming from solar only was a huge weight off our shoulders (and pocket book as rates just continues to rise) so while it wasn’t “free” from day one using those standards still 100% worth it. And systems have gotten cheaper and the solar credit from the feds went up to 30% (was 26 when we bought I think) so it’s even cheaper. And battery storage is likewise cheaper now - not to mention RIE will pay you to use your battery (we’re getting our battery this winter) and that basically pays for itself over the next 3-4 years. Very few people in the city that I know had to actually remove any trees (which may speak more to there being a shortage of trees in PVd than anything!) - have 15 neighbors who have gone solar since we did and no one had to do that. I think folks get intimidated by thinking they need a huge chunk of money and they have to finance ergo don’t make it happen. But it’s just renaming your rising electric bill for a fixed payment (and there’s a lot more financing options now than there were in 2016) and it’s still coming out of your wallet if you don’t make the shift so why not? You won’t actually be saving any money if you don’t do it.
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