Installation Cost: $19,600
Payback Period: 6.38 years
Ownership Option: After 6 years, full ownership for $1 (no additional payments)
Notes:
The pricing is lower because Vantage Point Solar retains the tax incentives and depreciation benefits during the first 6 years. They claim the federal solar tax credit and system depreciation, then transfer ownership for $1 at the end of the term.
They partner with Thrive Power LLC, a solar financing provider that manages the tax benefits to make the system more affordable.
this is an INSANE deal but it also smell scam when they blur the line of lease, PPA, co-ownership, they clearly try to obscure the regulatory classification. If everything is legit tho, this is an insane deal ( They probably have a tax equity structure trying to scale aggressively, bank on the federal ITC and accelerated depreciation, they would probably need a giant investor to make this work)
Not a solar question but related:
I want to replace a house roof. Any tips? Should I just call a lot of roofing companies and get quotes from them and chose the one that seems most reasonable?
Yes, but first bid with 2-3. Look at what they’re writing into the scope of work. Feed it through GPT to see what the gaps are. Then once you know the scope you actually need, bid it all out again more prescriptively with 5-6 roofers so you can review them all apples to apples and pick one.
It has been a handful of years since I did mine but I think a reroof should cost something like $30k for a reasonably sized SFH
My Brother in law said his new class 4 shingle roof plus extra two car garage was $45k. Hail took out everyone’s roof so the roofers had people over a barrel. This was in west central Minnesota.
Im getting a new roof in a couple weeks. Only about 1700 sq feet of the roof is being replaced. The rest is pretty new from a house expansion remodel. Solar reflective composition which is code in Long Beach were we live, is being used and also adding new gutters. . $17000.
I came across this older discussion and wanted to add my two cents as financing rates have shifted quite a bit lately. Those sub-3% loan terms seem almost impossible to find right now, pushing more homeowners to weigh cash against PPAs. Has anyone here had luck negotiating milestone steps with local installers, or are third-party ownership plans becoming the go-to option in your area?
Recently sunrun reached out to me in San Diego with their battery+solar package on NEM 3.0. They advertised as $24 connection charges + any electricity I use from the grid.
I haven’t gotten any quote but I don’t know if I should even entertain them.
So realistically speaking you’re looking at $8-10/sq ft then. Especially older homes, there’ll be a lot of repairs needed.
And if you want solar, older homes usually need a structural engineer to evaluate the roof for its ability to take the extra load/weight. And best time is to do both at the same time.
Good luck on the solar journey… I think I spoke to 8 or 9 diff companies before I landed on my local installer.
Yes, exactly this but have each company give you three addresses that they did in the last 2-3 years and do a drive by, and also speak with 1 owner of each of three examples to see what they think.
We did this and also asked others for referrals on recent roofs. Worked out well.
