They said that there were two options, 2.99% and Zero% and with my credit I can choose Zero%, I have no idea what that means.
And they said that they should be able to offset 55% of my bill.
I pay around $2800 a year for electricity. 55% is $1540.00, So I would pay roughly $105 a month for electricity.
I'm supposed to have an online conference with the salesman Friday. So they can explain everything.
My two major concerns are:
1. In 5 years can install 10kW on my roof for $10,000.00? and now I'll be stuck with this SolarCity 20 year account.
2. What if I want to sell my house in 17 years and I can't find anybody that wants to buy a house with a contract with Solar city.
I'd like to see what it would cost to install my own system, I have a neighbor that is an electrician and he's very interested in doing it for his house as well.
Devin wrote:I just wanted to add that I went with a 20yr lease from SolarCity. I chose to go prepaid due to concerns about selling the house etc. It only cost me $4,030 for a 4.32kW system for 20 years. They've been easy to deal with and even proactively came out to replace the inverter when half of the input on it had failed (they could tell from their remote monitoring before I was aware of it).