Comment on How I Installed DIY Solar Power and Started Running My House on Batteries

• Squizzy@lemmy.world ⁨1⁩ ⁨week⁩ ago

  I dont know. Im up money monthly and my realtor said it adds more than it costs.

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  • Polisheocket@lemmy.zip ⁨1⁩ ⁨week⁩ ago

    The only way solar adds value is one of three ways:

    1. it’s paid off
    2. it’s paid off 3 ) if monthly payment is less then electric bill

    I’m in a real estate family and I’ve seen solar ruin deals, lose sellers lots of money.

    How does solar ruin deals. Buyer can’t afford monthly payment. How does it lose sellers lots of money, they can’t find a buyer so they will be forced to pay it off.

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    • Squizzy@lemmy.world ⁨1⁩ ⁨week⁩ ago

      I dont even understand where you are coming from. My bills are basically gone, my initial cost was low and it is most definitely a selling point.

      I cant imagine a deal being broken by solar unless the person buying is an idiot ignorant of science and finance or should otherwise not be buying a house anyway.

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      • Polisheocket@lemmy.zip ⁨1⁩ ⁨week⁩ ago

        Just had one where the solar lease was $350 a month. Much more then your normal electrical bill and increases 3.5% a year. 100k to payoff. This is rough estimate but it was a real issue.

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    • Honytawk@discuss.tchncs.de ⁨1⁩ ⁨week⁩ ago

      Sounds like a local problem in a developing country.

      In Belgium it adds tons of value that people are happy to pay since they will pay less on their electricity bill. And because a lot have EVs, it will lower their driving bill as well.

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      • Polisheocket@lemmy.zip ⁨1⁩ ⁨week⁩ ago

        This is in the US. So,e solar companies take advantage of people, ruining the benefit. Like I said, if it’s paid off or lowers your bill it’s beneficial. If it’s not then it’s a problem

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      • Squizzy@lemmy.world ⁨1⁩ ⁨week⁩ ago

        I am not understanding them at all

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  • lemming741@lemmy.world ⁨1⁩ ⁨week⁩ ago

    I’ve got some bad news for you…

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    • Squizzy@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Go on?

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      • lemming741@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Real estate agents are like used car salesmen, they tell you what you want to hear.

        Monthly payments are a wool pull, a trick the finance people use to obscure the real numbers.

        -3925 + 2722 = 30% loss

        If there was a positive return, it’d be cheaper for a buyer to buy without and add it themselves.

        Image

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