tvspaulmoore
Posts: 20
Joined: Thu Nov 05, 2015 11:04 am

Newbie to solar... views on SolarCity?

Sat Sep 24, 2016 12:57 pm

Hi there
I live in Florida and although Solar City aren't fully operational here yet but via a friend's referral we had a visit from a rep and are interested in what they're offering (they estimate we could get 85-90% of our current energy use with approx a $20 power bill to make up the difference).

It's a zero down unsecured loan essentially, over 20 years with a 20 year warranty on the equipment & a fixed flat fee to remove if moving house etc.

It seems like a good deal although I haven't shopped around for solar and have nothing to compare them to...

Does anyone have negative or positive experiences with Solar City? As I said, they're new to the area (our friend who referred us hasn't had the install yet).

smkettner
Posts: 7008
Joined: Mon Aug 09, 2010 10:13 pm
Delivery Date: 26 Feb 2014
Location: Orange County, CA

Re: Newbie to solar... views on SolarCity?

Sat Sep 24, 2016 1:18 pm

Excellent and very professional contractor in my experience in CA. Probably not the low cost supplier but they do an excellent job with the install and handling all the association and city permits. I bought mine outright. If you have TOU rates I would go a little smaller on the size.
1 bar lost at 21,451 miles, 16 months.
2 bar lost at 35,339 miles, 25 months.
LEAF traded at 45,400 miles for a RAV4-EV

forummm
Posts: 139
Joined: Mon Aug 04, 2014 6:07 pm
Delivery Date: 28 Jun 2014
Leaf Number: 336370
Location: Atlanta, GA

Re: Newbie to solar... views on SolarCity?

Mon Oct 03, 2016 9:02 am

You will likely do better financially if you buy your own system and use a home equity loan.
150 Mile Club, 200 KM Club
2 Leaf (no ICE) Household

QueenBee
Posts: 1564
Joined: Sun Aug 08, 2010 5:14 pm
Delivery Date: 20 Jun 2011
Leaf Number: 2062
Location: Bellevue (Seattle), WA

Re: Newbie to solar... views on SolarCity?

Mon Oct 03, 2016 10:01 am

forummm wrote:You will likely do better financially if you buy your own system and use a home equity loan.

That seems to be the consensus. Though around here leasing is not even a real option since the state production incentives require you to own the system (can finance them of course).
http://www.nrel.gov/news/press/2015/15453
http://www.npr.org/2015/02/10/384958332 ... -or-to-buy

tvspaulmoore
Posts: 20
Joined: Thu Nov 05, 2015 11:04 am

Re: Newbie to solar... views on SolarCity?

Sun Oct 09, 2016 7:44 am

Thanks for the feedback

I thought their loan rate was high (5%)

smkettner
Posts: 7008
Joined: Mon Aug 09, 2010 10:13 pm
Delivery Date: 26 Feb 2014
Location: Orange County, CA

Re: Newbie to solar... views on SolarCity?

Sun Oct 09, 2016 10:03 am

Just make sure there is no prepayment penalty. Then you can take your time to find the best rate and terms or refi the entire house.
1 bar lost at 21,451 miles, 16 months.
2 bar lost at 35,339 miles, 25 months.
LEAF traded at 45,400 miles for a RAV4-EV

SurfHawk
Posts: 80
Joined: Thu Sep 22, 2016 1:43 pm
Delivery Date: 22 Sep 2016
Location: Santa Barbara

Re: Newbie to solar... views on SolarCity?

Sun Oct 09, 2016 8:29 pm

You should be able to get a fully installed system for $3.90/watt or less, so see how that compares.
2013 Leaf S w QC - Purchased 10/2016
4kW Solar - Installed 11/2016

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