There is a quite old topic related to this company http://www.mynissanleaf.com/viewtopic.php?f=13&t=377" onclick="window.open(this.href);return false;
But I will start a new one since we have a dedicated forum now.
To make a long story short, these guys have been trying to sell a solar installation to me.
The came up with so called "proposal" where they outlined system size, annual production, ROI, years to break-even etc.
All looks nice except a few red flags:
1. What they sell is a 20-year lease, in the same time they don't forget to mention potential home value increase (although in case of leasing, the panels turn to be a liability instead of an asset)
2. They project PG&E price increase at 6% annually and compute ROI based on it.
However quick check of the PG&E web site reveals:
http://www.pge.com/nots/rates/tariffs/electric.shtml#RESELEC" onclick="window.open(this.href);return false;
year 1996: E1 Rate base line: $0.11589
http://www.pge.com/nots/rates/tariffs/Res_960101-971231.xls" onclick="window.open(this.href);return false;
year 2011: E1 Rate base line: $0.12233
http://www.pge.com/nots/rates/tariffs/Res_960101-971231.xls" onclick="window.open(this.href);return false;
Price increase for the LAST 15 years: $0.00644
% increase for the ENTIRE 15 years spawn: 5.5%
Annual % increase: 0.3%
3. They are saying that I will "likely to be able to keep" panels for free after 20 years, but this will be not put in writing.
I am not so sure whether I should go with these guys as it all sounds like a timeshare presentation where you are projected hotel price growth at 10% annually
But I will start a new one since we have a dedicated forum now.
To make a long story short, these guys have been trying to sell a solar installation to me.
The came up with so called "proposal" where they outlined system size, annual production, ROI, years to break-even etc.
All looks nice except a few red flags:
1. What they sell is a 20-year lease, in the same time they don't forget to mention potential home value increase (although in case of leasing, the panels turn to be a liability instead of an asset)
2. They project PG&E price increase at 6% annually and compute ROI based on it.
However quick check of the PG&E web site reveals:
http://www.pge.com/nots/rates/tariffs/electric.shtml#RESELEC" onclick="window.open(this.href);return false;
year 1996: E1 Rate base line: $0.11589
http://www.pge.com/nots/rates/tariffs/Res_960101-971231.xls" onclick="window.open(this.href);return false;
year 2011: E1 Rate base line: $0.12233
http://www.pge.com/nots/rates/tariffs/Res_960101-971231.xls" onclick="window.open(this.href);return false;
Price increase for the LAST 15 years: $0.00644
% increase for the ENTIRE 15 years spawn: 5.5%
Annual % increase: 0.3%
3. They are saying that I will "likely to be able to keep" panels for free after 20 years, but this will be not put in writing.
I am not so sure whether I should go with these guys as it all sounds like a timeshare presentation where you are projected hotel price growth at 10% annually