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Linenoise77 t1_j5uqkb3 wrote

Reply to comment by capttony84 in To solar or not to solar? by Bodymindisoneword

Here is the thing. What do you plan on doing with the house 5 years, 10, years, etc from now.

Is 1k a year in POTENTIAL savings, worth you having a nightmare selling the house, and either having to just eat the cost out of pocket to pay it off and remove it, or drop the price to the point where a buyer will look the other way.

Like i said, it didn't deter us from putting an offer in on a house we otherwise liked, but i wasn't about to assume someone else's decision without some backing, and the fact that they weren't happily going, "Hey here is a check we get from PSE&G every month!" was enough for us.

And this isn't to shit on solar, like i said, we have looked into it. But the way to go isn't through these companies, and requires you to get out your checkbook.

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capttony84 t1_j5usaqa wrote

No I agree the only two scenarios that make any sense is a roof lease or to buy it outright. Encumbering the house with the debt is silly for what it is. Not to mention pissing off your lender.

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Linenoise77 t1_j5uvnho wrote

And while i feel NJ is somewhat insulated, if you are buying now, or recently bought, its not crazy to think housing prices can pull back pretty quickly, and suddenly any equity you have that you were planning on using to deal with the solar stuff if it comes up, is no longer there when you wake up one morning.

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