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.
Comment on How I Installed DIY Solar Power and Started Running My House on Batteries
Polisheocket@lemmy.zip 1 week agoThe only way solar adds value is one of three ways:
- it’s paid off
- 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.
Honytawk@discuss.tchncs.de 1 week ago
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
Squizzy@lemmy.world 1 week ago
I am not understanding them at all
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.
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.
Which is why you don’t lease solar systems. The solar installation field is filled with predatory businesses that will “lease” you a system you’ll never see a financial benefit from – they’ll make a ton of money, though.
Polisheocket@lemmy.zip 1 week ago
Preach, some people, especially elderly get taken advantage of
Squizzy@lemmy.world 1 week ago
I dont understand the structure here, are people leasing the solar equipment? Can I guess where you are from?
Polisheocket@lemmy.zip 1 week ago
Yes, 20 year lease, CA. Solar city, multiple Tesla batteries for no real reason
AdolfSchmitler@lemmy.world 1 week ago
Needs more info but maybe you lease the panels until they are paid off completely? If you default on payments they come and take the solar panels back??
Maybe they meant loan and not lease.