A Montana solar company's woes
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Essentially, his business model counted on federal tax credits for solar lasting forever. Poor choice.
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I’m sorry, but was I supposed to feel something beyond an eyeroll over this story?
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It costs $21K to $24K to convert. So the tax credit was between $7K-$8K. Annual savings are estimated to be $1800 per year. It basically takes 10 years to recoup the costs even with the frigging credits. And that’s not including the solar panel battery replacements. The lifespan is anywhere from 5-15 years. So you could conceivably still be $5K in the hole after a decade EVEN WITH the tax credit. Why was this a good idea, again?
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The only potentially good installations seems to be in California and such, where the grid is unreliable at best, and they even give you options to sell extra electricity back to the state.
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If I were to add solar panels, I would want to be off the electric grid, not selling it back to the suppliers.
@Mik said in A Montana solar company's woes:
If I were to add solar panels, I would want to be off the electric grid, not selling it back to the suppliers.
That’s the other thing, he talked about how conservative and he area is and the business lost from the conservatives going off the grid… I’ll debate the conservative descriptor, but those guys aren’t reporting the tax credit, anyway. That’s defeats the purpose of what they are trying to do… They are also probably paying cash…
