Buying vs Leasing Solar - What Sunrun, Vivint, and Sunnova don't want you to know!

Reach out to Julian - Direct line [phone]. call or text. We work in 25 states!!!!
IG: Juliantb

In this video, Julian and Tyler explain why you should probably not do a PPA and just buy your system instead. PPA's are misrepresented and sold by people who oftentimes don't really know what they are selling.

Here's a breakdown of the math....

Let's say we are talking about an 8kw system in this example. If you were going to buy the system, market value would be around $25-29k depending on several factors. If you were to assume tax credit pay down on a 12 year term that I personally sell, assuming 27k sale price, payment would be around $183. 12 year at 4.99% interest rate.

$183 X 12 months X 12 years = $26,352 which includes the interest...

Even if you cannot take the tax credit at all because you don't have the tax liability, your payment over 12 years on the same loan would be $249 per month.

$249 X 12 months X 12 years = $35,856

Now if that same system were on a 25 year PPA term, even without an escalator rate, the math isn't even close. The way a PPA is priced is by the system's production, Let's say this system is produce 13,500kwh a year and your price per kWh is 13 cents which would be considered "giving away a deal" by the sales consultant. So, this is the very best case scenario and you'd be getting the best PPA deal ever. 13,500/ 12 months = approx 1,125kWh a month. at 13 cents per kWh, that's a $146 payment.... FOR 25 YEARS!

$146 X 12 months X 25 years = $43,800.

Would you like to get started with a consultation? If so, then please fill out the form in the link below. Once received, my assistant Cody will call you back afterwards to explain next steps in receiving a thorough consultation and quote from us. Thank you for watching the channel.

Reach out to Julian - Direct line [phone]. call or text
IG: Juliantb

[luckyrocks]

Thank you, you've convinced me to not get solar panels installed on my home. I remember when; if you wanted satellite TV you had to install these very large receiving dishes on your property. Then skip a decade and the dishes were 1/100 the size for the same service at a fraction of the price. Now, I no longer need those small dishes as I have high bandwidth cable and can stream and enjoy internet access at speeds we never dreamed of back then. These solar panels on your roof are going to be obsolete well before the 25-year lifespan when you sell your house and no buyer is going to consider them a value, because the new technology will be far better and cheaper than the old stuff.

[Mike-]

I installed a 35kw solar system with 15kw of battery storage for $25k myself. I got a local company to assist with the engineering plans I obtained a permit from the city. I had an electronics background knew nothing about roof mounting. I used the K2 rail system was impressed how well designed and low cost it was. I can add more batteries, and daisy chain more inverters if I want. I use EG4 inverters and LifeP04 batter server racks they sell very good product. Nothing wrong with Growatt, or Schneider electric. I'm close to cutting the cord with the utility possibly this year been a lifelong goal of mine to watch them remove that meter I'll put in a cover no longer be dependent on a monopoly.

[Gio-ueps]

I agree with buying the system outright. You definitely save a lot more. Financing now with where interest rates are now is super expensive.

[deb]

As consumers all these solar companies need oversight like utilities and to be regulated! If my electric company serviced the community this way, we'd all be in an uproar! But if I call my eletric company, they respond quite quickly! Great customer service!

[johngagne]

This video was wonderfully helpful to me. I was just at the beginning of digging into putting solar panels on my roof and making that investment. Looking around for information I could gain some knowledge from and found your video here. You literally saved me from making a very big mistake. Knowledge is power and you have given me a huge boost! Thank you.

[netpasya]

I know nothing about solar.
Yesterday, I came home and a sweet looking young woman (solar saleswoman) was sitting with my wife offering her to buy solar (PPA with an escalator). I've been burnt before. I always say I will research things before signing anything. She kept pushing and even offered to come back to the house 3 times, to show us things. Today, after watching a few YouTube videos, I called her and told her "NO".

[Strangerer]

OMG How come no one else explains this? You guys are amazing!

[Tadpole]

I was swindled into going PPA. IM 75 old. I was taken advantage of. I had to a new roof. An authorized person removed my panels. Im in a battle now because I refuse to have the panels put back on my house. I receive no benefit. I was taken advantage of.

[anaelcolon]

2024 here! Great info guys! Thanks for sharing.

[mriguy]

SunRun told me I had to buy power from the equipment on my roof no matter if I used it or not. Most of the time I would be paying SunRun more for the power than I could sell it to the local utility for. They wanted a 25 year contract under which, to get out of it, I'd need to pay off all remaining payments. This video is very helpful.

[Icehso]

So glad I live in a municipality that will not buy back power. As an electrician, I'm involved in setting up large commercial solar sites...the only ones that make sense. Commercial arrays are around 1200 volts per circuit. Get ready to replace your roof when you sell your house, and the solar panels are a negative selling point. Could easily be $20, 000 to match shingles on the whole roof. Ground mount arrays when they are the only option make far more sense, or carport arrays separate from the house. The cheaper systems are installed by less experience employees and cheap materials/panels. Keeping the panels off your house is safer when they catch fire because connections heated up due to bad installs.

[kauschang]

Lots of thanks to you two. I was very close to completing an agreement with sunrun but something just don’t sit right in my gusts and you guys helps me make the final decision.

[Handsome]

Placing a lien on your property is the last thing you want to do. Once you buy a house, you need to learn that borrowing against your property will remove your rights to sell, or partially with a contract that a future buyer won’t need. I rather own electric bill than owning a contract that you cannot sell

[joshuathompson]

Great video. I'm looking at changing careers from financial planning to solar sales & basically came to the same conclusion that PPA seems like a terrible idea for most ppl & I haven't even sold a system yet. Own the system, get equity, be energy independent, get the tax credit, recoup some cost when you sell vs ppa where you own nothing.

[rstiosejo]

Talk w/ Cody today. He was honest and upfront about my inquiry. So, I just Subscribed. Will give you THUMBS UP on all your videos. Definitely will refer you to my friends. Stay Safe Ruben Tiosejo

[perfectvlogz]

I’m a solar consultant and I sell all three options, PPA, loan, or lease. I wouldn’t say one is better than the other. It all comes down to each homeowner and their situation. I think these guys are trying to sell you on purchasing your system, in reality, whatever you’re trying to sell you will make it sound good. These guys are just two Salesmen doing their job trying to sell the purchase option.

[robertsmythe]

Julian, thank you so much for your videos. Your’s is the first channel I’ve found that really counters every point the solar sales guys feed you in a very understandable way. There I was minding my own business in Home Depot the other day when someone from Sunrun hijacked me in the lighting aisle. Gave the whole pitch, had another sales person come to my house, met with a second large solar company in the northeast for due diligence and was pretty much ready to pull the trigger. However, something didn’t feel right. It felt like there was no downside to what they were saying. Through talking with friends, realtors and getting real world perspective plus Googling around/finding your channel, I’ve been saved from a potential huge mistake signing up for a PPA. Now I’m thinking through purchasing my own system and learning lots from you. Thank you for this content!

[kaymack]

Thank you for doing this. I have been searching for solar information and just keep bumping in the solar company’s sales pitch which just have felt like lies to me.

[frederikdeleon]

I’m not even in solar sales but I can definitely see these guys are just pushing there products. My neighbor actually purchased his panels and paid like 220 per month and literally right after he paid them off they STOPPED WORKING!!!! The company he bought them from said they are your panels your problem. I actually have sunrun ppa I pay 150$ my bill use to be 300$ “just like my neighbor” and 13 years later they still work they stopped producing sufficient power like 3 years ago and in one month they came out and replaced some damaged panels. They even covered the difference of the ppa price and the rest of my utility bill. So thanks but no thanks I’m happy with my ppa. I don’t want to spend 35k for a depreciating asset made of glass on my roof 👍🏼

[corey]

Thank you for all of your valuable info Julian. Not related to leasing panels, but I just got a quote down here in Florida for Solar. They offered me a 25 year loan to pay off the panels. I have a 2400 square foot ranch in sw florida. With a new roof, my quote was $92, 000.00!! After further research and watching your videos, I realize they were trying to rob me. I then asked him how many KW he was providing, the answer is 14.43. The total cost of the solar without the roof was $72, 000. This works out to over $5 per kilowatt. I wish you were in my area! maybe then it would make sense to go solar