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Topic: Thinkin' of goin' solar..  (Read 3054 times)

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PAL

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I've done signed the contract;
5.5kWh of solar on the roof, installed w/all permits and PG&E coordination.  25 year material warranty and 10 year labor.  Cost $2.33 a watt.  All I gotta do is approve each stage of construction and write the checks.  To fund this, I got Chase to give me a new credit card with a 'Transfer Balance' of $13,000 to my checking account with zero interest until August of 2016, 14 months from now.  Minimum payments each month are $25 with the balloon in 14 months or I pay 13% interest starting from that date.  I set this up this way so I can extend out the payments until I get my tax refund back with the federal solar credit.  My fed tax return, with the credit should pay off the credit card debt.  That will be around April or so. 

I'm told the permits from El Dorado county should be approved next week some time, then construction to begin as soon as I say.  I have a little house painting to do where the panels will be making it difficult later.  After I do that, I'm sure before the end of next week, the install should take 2 days. 

Then we gotta wait for the county to come out and sign off on the construction.  Finally, PG&E comes out and reprograms my smart meter for two-way electric flow; called net metering.  I should be on solar by the end of July at the latest. 

Pretty sweet to have worked out a credit card company to float me the money for $25 a month, then pay off the solar install with my tax refund and credit.  Otherwise, I would have taken the funds out of my tax deferred 401K and pay 20% in fed income tax on it.

I'll be taking photos of the work as they install and post 'em up here.

In the meantime; here are the plans;

Jerry, was your cost of $2.33/watt after your tax refund? The bids I've gotten are all over $5 before tax credits. Thanks, your thread is quite helpful.
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Jerry, was your cost of $2.33/watt after your tax refund? The bids I've gotten are all over $5 before tax credits. Thanks, your thread is quite helpful.

Ended up at $2.55 a watt due to some extra features I wanted.   That's after the tax credit. ($3.65 a watt before any credits) 
PM me and I'll pass along my contact info.  He's truly a partner, not a salesman.  He was there every step of the way as we worked to get everything exactly the way I wanted it.  He kept telling me, 'Don't worry about the contract Jerry.  If you aren't going to be happy then I don't want your business."  Believe me, he made me happy. 

« Last Edit: August 03, 2015, 03:59:09 PM by Ski Pro 3 -- Jerry »


sebast

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  • Date Registered: Mar 2015
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This is a fantastic thread, thanks a lot, Jerry! Just re-read it all (was watching before) as I'm considering going solar.

Jerry, can you PM me your guy info? Thanks!
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