Sent you a DM
Apologies to those Iāve missed.
I snagged Covid the last week or so but I knocked it out after a few rounds. If I failed to get back to anyone please donāt hesitate to reach out again. Im trying to stay on top of all the Leasehackrs on top of my regular work load. So donāt feel bad about bugging me if I missed you.
From The 1st of November until December 31st we will be doing referral bonus: anyone referred out our company will send $500-$1000 check as a thank you for making our lives easier. - so any friends or family that have been curious feel free to reach out.
Also weāve added 30 year loans for the following states:
Arizona
Colorado
Connecticut
Delaware
Florida
Georgia
Illinois
Massachusetts
Maryland
North Carolina
New Hampshire
New Jersey
New Mexico
Pennsylvania
Rhode Island
South Carolina
Texas
Virginia
Vermont
Wisconsin
In addition:
PG&E Step 6 Funding Closed
Self-Generation Incentive Program Step 6 funding has closed for PG&E. Step 7 is scheduled to open at a later date for Small Residential Applications Only.
https://www.washingtonpost.com/business/2021/08/27/customs-detains-chinese-solar-panels/
Government out here making us pivot panels manufacturers every month feels like
@cyak brother educate us on this new bill that just passedā¦ how that benefits us for solar projects
This bill?
Yes sir thats the one
Yes I will gladly do that! Definitely was a big stimulus injection, Iāll type something up this weekend whenever my internet decides to fix itself cough time Warner cough
Reviving this thread to crowdsource ideas and recommendations for the best way to finance solar. We are planning to pull the trigger on solar soon, and rather than drop all that cash upfront, Iād love to hear any recommendations about the best and most economical ways to finance a residential solar system. Iām all ears!
Not specifically financing, but I think states with high solar exposure cannot afford to NOT go solar. Came across this article which confirms storage batteries (LiFePo4) are also able to get the 30% tax break (above 3KWH), and another article I canāt find that indicates low income folks (AGI adjusted) can get FREE installā¦
Do Batteries Qualify for the Solar Tax Credit in the Inflation Reduction Act? | Solar.com.
Even non-solar storage batteries can get the credit: āBeginning on January 1, 2023, standalone battery storage (batteries that arenāt connected to solar panels) will also qualify for the 30% Residential Clean Energy Credit.ā
A bit unrelated question, but itās still about finance rates and hacks.
Can I get solar installed from an installer and then use my own bank for financing their installation/panels? I see most installers have really bad finance rates these days.
What type of loan would you take from your bank?
I see, they may not have any product like this. maybe it falls under personal loan then? Whatās the best place to research this. Maybe best is to pay upfront for the panels.
How much is the financing from the companies itself? Personal loans are around 7-8%+
You can also lease solar panels as well.
HELOC if you have home equity. Tax rebate on the panels (maybe) and tax deductible (maybe) on the HELOC.
All depends on what terms youāre looking for and your financed amount. Revolving or fixed?
Secured or unsecured?
Going with the installers financing is usually the path of least resistance but with higher rates and some other cons.
Thanks. Sorry I missed this thread somehow
A friend of mine sent me information on NEM 3.0 , set to replace NEM 2.0.
Solar owners under NEM 3.0 will earn around 75% less for the excess electricity they push onto the grid.
Right now it applies to customers of PG&E, SCE, SDG&E in CA.
Does that mean all utility companies will start using this NEM 3.0?
Is it worth going solar before this change happens in our area?
I think the change over happens in April. So if your system isnāt already under way by then, you wonāt get grandfathered in to 2.0.
Basically all grid-connected PV (solar) systems in CA will be on NEM 3.0 afterā¦ a certain date. I donāt know the specifics if itās based on PTO-application date or PTO-approval date or some other date.
If youāre looking to be grandfathered into NEM 2.0, best start your shopping and calling installers now. With all the rain going on in CA, installers having nothing better to do and it may be a good time to see if you can be squeezed in before NEM 3.0 takes effect.
FWIW - we switched to solar to get grandfathered in. Took us 3 months to get an appointment for installation.
Sunrun SF Bay Area.
Did you make any progress on this idea?