Yes, I'm the guy
Thanx for your advice. As always, you make excellent points.
I asked the sales guy the same thing you did. The warranty is 25 years, and the parts are through the manufacturer. So if they went out of business, of course things would be difficult, but perhaps not impossible. They have been around 20 years, and have an A+ rating with the BBB. I found only 1 complaint from 3 years ago, and the company responded and it appears they made it good.
I guess anything in this world has some inherent risk. Heck I drive a Jeep, what if Fiat (who owns it) goes out of business?
Actually, 380.00 is kinda low, my last power bill was higher. If you look historically, I'm pretty sure that utilities go up much more than they go down. My power company just requested a 139million state wide increase, which will probably be approved. It's a pretty good bet that my bill will not go down, but you never know. I do know that I'm projected to have a smaller loan payment than power bill from day one.
I was glad when I saw that you had replied, because I know from my previous threads that you give good, sobering advice. I'm always open to your input, as well as others here.
I may need to get with a CPA, but I'm still hoping to get an answer to my initial question of whether or not I can get the total tax credit, which is a big part of the financial puzzle.
If I subtract the total tax credit, and the money I would pay for the new roof from the total (which I need), the solar is actually 73, not 99k.
[COLOR=rgba(0, 0, 0, 0.87)]Base Price[/COLOR][COLOR=rgba(0, 0, 0, 0.54)]Based on a 22 kW installation[/COLOR]
$81,318.53[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]ASPHALT SHINGLE ROOF HOME & DETACHED GARAGE[/COLOR][COLOR=rgba(0, 0, 0, 0.54)]1 x $18,505.00[/COLOR]
$18,505.00[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
Gross Cost[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
$99,823.53[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
-$0.00
$99,823.53[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]Federal Tax Credit[/COLOR][COLOR=rgba(0, 0, 0, 0.54)]Residential Renewable Energy Tax Credit - 26%[/COLOR]
[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
-$25,954.12
[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]
[/COLOR][COLOR=rgba(0, 0, 0, 0.87)]Cost after Rebates & Incentives*[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]$99,823.53[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]-$25,954.12
[/COLOR]
[COLOR=rgba(0, 0, 0, 0.87)]$73,869.41
[COLOR=rgba(0, 0, 0, 0.54)][/COLOR]
[/COLOR]
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