I live about 50 miles as the crow flies from one of the larger hydo-electric dams in the world on the St Lawrence River. Not only are we not able to buy that power (it is transmitted south to some major metropolitan areas), we also pay a "nuclear adjustment charge" to help cover the costs of those plants that are also providing power to that metropolitan area! I love the idea of hydro, but it doesn't seem everyone gets fair access.Luckily I live where electricity is $.034 for the first 600 kWts and $.042 for the more. Hydro electric is wonderful, build more dams.
If they will lease the system to you and buy the excess power - why not buy your OWN system and sell them the excess electricity you make?I asked these questions.
1) I would be leasing. 100% of maintiance & repair is on utility.
2) NO liens on my property.
3) Its ATTACHED to home NOT COVERED by most unless specfically underwritten. In other words, Id have to have included. BUT 2M umbrella is included with "package" to cover fire or act of god issues hurricane/Tornado.
4) Have been impervious to Hail. But if damaged 100% on utility.
5) Cost cannot increase more than 2.84% yearly. On average of last 5 its been under 1.25%
25 year term and Is transferable. If I where to sell & potential buyers where iffy I could call utility & they would arrange a sit down to explain positives & all costs. But frankly they would have it easier cause THERE insurance would cover it. Also probable they vould roll into there mortgage pmt & own outright. Then just buy a service agreement.
They forcast in writing the panels efficency will not drop past 10% less than 10.2k or will be replaced in first 25(35) years.
HA! I haven't seen a power bill under $200 a month in decades! That's the stuff dreams are made of! And before anyone says it's the farm, outside of water there's nothing extra going on there. I pay about 12 cents Kwh and there are taxes and fees on top of that that make it average out to about $.15 Kwh, while being 50 miles from a gynormous hydro plant!My electric bill has NEVER been as high as $142/month, just got July's bill for June's usage, $44 and change. How is that going to save you money EVER????? I would be going in the hole $98/month even if it paid my entire electric bill.