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  • Ian S
    Solar Fanatic
    • Sep 2011
    • 1879

    #16
    Originally posted by Dugknight
    If they went under at least you wouldn't have to keep paying them for the lease, right? Unless they sold your system to another company and they assumed the lease contract. Then I'd think you'd be protected.
    If you have a monthly lease payment, then that would represent an asset to be sold as part of the bankruptcy so you'd not get out of paying on the monthly lease. For a prepaid lease, that might be a different kettle of fish. I have a prepaid lease through Sunpower so I just hope they stay around so I don't have to worry about that. The longer the panels are on my roof, the less they are worth to the lessor. Would the lessor get permission from the bankruptcy court to remove the system and sell it on the used market? The cost of removal, testing, repackaging and resale might not be worth it. They certainly wouldn't want to continue the costs associated with maintenance so I don't know what would happen.

    Comment

    • vasans
      Member
      • Jul 2013
      • 73

      #17
      Awesome; where is it? Can u send some pics? I have some cool high value cash collectibles from eBay (see below; unfortunately the serial# are not contiguous but hope it is OK to you ). Deal?
      10xP91ZIM.jpg

      [ Hey Russ, pl don't kick me out of the forum; I am trying to gauge your sense of humor]

      Originally posted by russ
      I have a bridge for sale to people with your attitude! If you don't care what they put on your roof and they go under is 5 years then have fun.

      Comment

      • inetdog
        Super Moderator
        • May 2012
        • 9909

        #18
        Originally posted by vasans
        [ Hey Russ, pl don't kick me out of the forum; I am trying to gauge your sense of humor]
        My personal opinion: Russ has a great sense of humor, but may not always recognize sarcasm if it is too subtle and he is in a hurry.

        I try to make thing less ambiguous by using this font (Comic Sans MS) for sarcastic comments. Just a smiley is not always enough.
        SunnyBoy 3000 US, 18 BP Solar 175B panels.

        Comment

        • russ
          Solar Fanatic
          • Jul 2009
          • 10360

          #19
          Originally posted by vasans
          Awesome; where is it? Can u send some pics? I have some cool high value cash collectibles from eBay (see below; unfortunately the serial# are not contiguous but hope it is OK to you ). Deal?


          [ Hey Russ, pl don't kick me out of the forum; I am trying to gauge your sense of humor]
          Good one! I used to be a trillionaire - before Turkey knocked off a lot of zeros - then back to nobody once more!
          [SIGPIC][/SIGPIC]

          Comment

          • KRenn
            Solar Fanatic
            • Dec 2010
            • 579

            #20
            The price is ridiculously expensive for Yingli modules, you're talking about generic Chinese panels. For that size system you should be closer to $17,000-18,000 at the highest. Definitely get at least 2-3 more quotes.

            Comment

            • KRenn
              Solar Fanatic
              • Dec 2010
              • 579

              #21
              Originally posted by Dugknight
              Russ, I don't think he's so much a fast talking shyster, I just think he works for a big corporate company and he really probably doesn't know yet. He's actually a very cool guy and I do trust him. No high power sales tactics and pretty down to earth.

              So does everybody agree that with a lease, the brand isn't as important than if you were buying the equipment? I do like the fact that they guarantee the kWh.

              Thanks.

              it sounds like you are dealing with SolarCity, absolutely get other quotes on the purchase price. Also, kilowatt "guarantees" in any lease are set so low as to be meaningless.


              I also disagree that the brand "doesn't matter", guess what, if the company that you are leasing the equipment goes under, depending on how things shake down, you're going to hope and pray that the original manufacturer is still around...and willing to honor their original warranty. In 2016 the 30% ITC is set to expire, if that does, it basically means a death to solar leasing in this country, my question has always been, how do these companies which garner a majority of their business from leasing.....manage to stay in business then?

              Comment

              • Dugknight
                Junior Member
                • Jul 2013
                • 12

                #22
                Well, after weighing the pros and cons for our unique situation, we've decided to lease. The lease deal that I'm going to concentrate on for now is this one:

                20 Yr Lease w/ $1,000 down:
                4.41 kW DC
                6,780 kWh Annual Production
                No Escalator
                Monthly Payment - $104
                20¢/kW

                What would be a fair price per kW for this type of deal? I know leasing isn't optimal when comparing to purchasing, but still it's what works for us. I'm going to start negotiating with our sales rep soon so need to know a fair price! Thanks.

                Mike

                Comment

                • KRenn
                  Solar Fanatic
                  • Dec 2010
                  • 579

                  #23
                  Originally posted by Dugknight
                  Well, after weighing the pros and cons for our unique situation, we've decided to lease. The lease deal that I'm going to concentrate on for now is this one:

                  20 Yr Lease w/ $1,000 down:
                  4.41 kW DC
                  6,780 kWh Annual Production
                  No Escalator
                  Monthly Payment - $104
                  20¢/kW

                  What would be a fair price per kW for this type of deal? I know leasing isn't optimal when comparing to purchasing, but still it's what works for us. I'm going to start negotiating with our sales rep soon so need to know a fair price! Thanks.

                  How do you negotiate? You go and get quotes from 2-3 other installers and see what numbers they come up with. Considering youre throwing $1000 down, $104 a month for a 4kw really isnt all that hot of a deal.

                  Comment

                  • Dugknight
                    Junior Member
                    • Jul 2013
                    • 12

                    #24
                    Are you asking how to negotiate or being facetious? We received quite a few quotes, but I'd like to compare to quotes that others have received that they felt were good. Just because we choose the best quote from the 4 or 5 we received still doesn't necessarily make it a great quote if the other quotes were high also.

                    I'm just trying to see if anybody here can help give me an idea of where we should be as far as cost per kWh for the size system we're purchasing. That seems to be the power of collective knowledge gained from this board and I do appreciate all the feedback received. Thanks.

                    Comment

                    • vasans
                      Member
                      • Jul 2013
                      • 73

                      #25
                      I paid $3.62 a watt for Koycera 245 based system. I see couple of gentlemen paid astonishing $2.80 - $2.90 a watt for Bosch based system. Why paying that silly $4?

                      All gross payment before incentives and all in SoCal area.


                      Originally posted by Dugknight
                      Are you asking how to negotiate or being facetious? We received quite a few quotes, but I'd like to compare to quotes that others have received that they felt were good. Just because we choose the best quote from the 4 or 5 we received still doesn't necessarily make it a great quote if the other quotes were high also.

                      I'm just trying to see if anybody here can help give me an idea of where we should be as far as cost per kWh for the size system we're purchasing. That seems to be the power of collective knowledge gained from this board and I do appreciate all the feedback received. Thanks.

                      Comment

                      • silversaver
                        Solar Fanatic
                        • Jul 2013
                        • 1390

                        #26
                        Originally posted by vasans
                        I paid $3.62 a watt for Koycera 245 based system. I see couple of gentlemen paid astonishing $2.80 - $2.90 a watt for Bosch based system. Why paying that silly $4?

                        All gross payment before incentives and all in SoCal area.


                        + 1. Get the deal while it still last.

                        Comment

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