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SoHereEyeSit t1_ix1j23b wrote

Reply to comment by NeptuneFrost in Eversource seeks 43% rate hike for electric customers in Mass this winter by madnu

Who did you go with and what kinda contract was it? If you don’t mind letting me know, these hard times are pushing to start research

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NeptuneFrost t1_ix1jp5a wrote

I did it through NEC Solar. Short for Newport electric company. Salesperson’s name was Artie Crocker. I knew him from a past career, so was someone I can trust… that made shopping for the system a lot easier bc it feels like such a scam-filled industry to walk into with no knowledge.

We paid for our system straight up. No lease or anything. It’s a lot of money out the door on the front end, but the payback period for us was estimated conservatively between six and seven years. that’s like a ~16% return, and it’s a great inflation hedge because energy prices will track inflation. I think we may make out even better because of the rapid jump in electric prices. That rate of return includes taking advantage of all the various tax breaks, which made sense for us.

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coffeeschmoffee t1_ix1nj1f wrote

I actually know Artie Crocker. Yep I would trust him as well. He ran the numbers with me on battery back up. Math didn’t work out and he told me not to do it. Honest guy.

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NeptuneFrost t1_ix1nvwa wrote

Yeah he’s a genuinely good guy. Very community oriented, volunteers for lots of civic organizations, now on town planning board in Needham, which he has lived in his whole life. Didn’t think we’d end up with an Artie Crocker appreciation thread on Reddit but he’s earned it!

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