View Single Post
Old 08-21-2019, 09:15 PM   #1 (permalink)
Xist
Not Doug
 
Xist's Avatar
 
Join Date: Jun 2012
Location: Show Low, AZ
Posts: 9,058

Chorizo - '00 Honda Civic HX, baby! :D
90 day: 35.35 mpg (US)

Mid-Life Crisis Fighter - '99 Honda Accord LX
90 day: 35.24 mpg (US)
Thanks: 6,125
Thanked 1,728 Times in 1,305 Posts
Solar installations may be a scam--unless they are Tesla--unless they catch on fire

Two days ago Meet Kevin posted a video about solar scammers and how great and wonderful Tesla was, before further developments.
  1. They say they will not put a lien against your home. They do, they just have another name for it.
  2. They always say that if you sell your house, they can transfer the contract to the buyer, but nobody wants someone else's system, or do not want to figure out the contract.
  3. If you decide you do not like the lease you can prepay, which is a terrible deal.
  4. If you move you can bring the system with you--as long as the new house receives at least as much sun exposure as the first house. Otherwise they will deny you.
  5. They always try to sell or lease larger systems than people need, while it is easy to add panels later.
  6. You can sell excess power to the grid, but it will not pay for the excess panels.
  7. You can finance same as cash! He bought panels and when the salesman gave him a "Same as cash" estimate, Kevin then asked "What if I pay in full?" The salesman put down that chart, picked up another one, and gave a cash quote 8-10% lower than the "Same as cash" quote.
  8. When you lease, you usually do not receive the tax credits and leases, and the main one is worth 30%.
  9. Companies leasing systems offer lifetime maintenance, but they are designed to be maintenance-free, and at least one component has a twenty-five-year warranty.
  10. They boast awesome customer service, but once you are an existing customer you receive customer service which receives mixed reviews.
  11. They insist that solar systems increase the value of your home, but for leases, the value goes down equal to the cost to remove the system.
  12. Tenants will not calculate that the home is worth more because of the panels. They will focus on the rent itself.
  13. Lease payments go up 2.9% yearly to account for inflation even though inflation has only been 2.9% or more once since 2007, and has averaged 1.63% for the last twelve years. https://www.thebalance.com/u-s-infla...recast-3306093


All hail Tesla! They introduced three package sizes, small for $7,581, medium for $15,162, and large for $22,743.

Kevin keeps saying to not purchase panels unless your energy bill is over $200 monthly and to remember you do not receive the 30% credit until you file taxes. He shows that renting Tesla panels cost about as much per month as buying and making payments.

Tesla announced that if you lease their panels you can cancel anytime for $1,500 to remove the system, which will be a loss.

All hail Tesla!

Except...

Meet Kevin just posted a video about Walmart suing Tesla. I am not relying on other sources, my phone has recommended two articles that I have not read yet (new job and 10- or 11-hour days), but he showed quotes for all of his data.

Walmart is suing Tesla over solar system fires--twenty-nine solar system fires out of 248 installations.
Tesla inspectors determined that 28/29 had incorrect fire management.
29 had the wrong building plans
25/29 had broken solar panel modules
More than half had faulty connections, increasing resistance and heat.
Tesla employees complained they did not have proper training or equipment.
He showed a $300 thermal iPhone attachment that he used on his own projects that Tesla did not have or at least was not using.
"I'm nervous holding $75,000 worth of Tesla stock!"
Tesla's attorneys sent out a letter three weeks before Walmart sued saying going to court was inevitable.
Kevin keeps saying Tesla needs to do everything they can to keep an organization as large as Walmart happy and to do everything they can to avoid going to court, it is a horrible waste of time and money.

  Reply With Quote
The Following User Says Thank You to Xist For This Useful Post:
redpoint5 (08-21-2019)