Buying A House With Solar!! | Owned vs. Lease vs. PPA. (2020)

Solar | Buy? Lease? PPA?
When you're buying or selling a house with solar you will need to know what you're getting into. It can be overwhelming and confusing. Do you need to buy it ? What is involved with the lease? What is a Power Purchase Agreement?
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If you'd like to reach out to Colter from Bland Solar directly and ask him your questions, here's his number and email:
661-699-0716
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[LivingInBakersfieldCa]

Hopefully this cleared things up a little bit for you. Do you have any other questions we can answer for you?

[saaytin]

I've looked at a lot of videos trying to understand PPAs and this video did the best job explaining it. I liked that it showed the graph of it being less than the utility cost so I'm glad I don't feel completely ripped off.

[rafaelruedas]

If your average monthly bill on PGE is lower than what you pay for solar, is it still wise to get solar?

[juanloza]

Can we get an updated video wether we need a battery now?

[matthewentrekin]

The big issue is the slide at 2:28 where they make comparison costs. Electrical service spikes and eases by demand/supply/infrastructure and other things like the homes reducing energy waste. Their estimate that it's a 5% annual increase is bogus. From 2003 to 2013, kWh (cents per kilowatt hour) rose from 12.23 to 16.39. Right now in 2021, it's currently 19.90 kWh which is only 3% at best. To be at 5% as they claim the rate of kWh would be 30.9 kWh. That is no where close to a 5% ANNUAL rate over the almost the last two decades. By this company's projections. According to this solar company, electricity will cost 64.17 cents per kilowatt hour by the year 2046. Current math proves electrical consumption and efficiency is increasing and while no one can predict the future, it's pretty bogus that a company will lock you into a fixed rate lease for 25 years.

[furiouswolfvoodoo]

We were told if we go PPA zero up front cost. Save 60 plus a month and our monthly security bill would be cut in half. Only existing Vivint customers are eligible....I live in Sacramento ca, Anyone have info or experience with this solar plan? Thanks retired Vet

[mjndfriends]

Buying a home which states that the PPA is fully paid off with 8 years left on the contract. What does that mean?

[miguelramirez]

If i'm going to buy a home that has PPA and I want to own it. How do i go about it?

[pancho]

i would rather own it.and if i have to buy a house i would prefer a house that comes with a solar system owned by the selling owner or choose a house that doesn't have a system at all.

[joshuahuihui]

Does the UCC1 that was filed transfer to the new homeowner if they decide to want the solar?

[birimorales]

Hi, I’m currently looking at a home in Bakersfield that has a PPA with 2.9 escalator. Would you recommend taking on the PPA or is there another option?

[dcduben]

this video answered alot of my questions, thanks! i do have 1 more question tho, i know the itc rate is 22% for 2021 and next year 2022 it drops to 10%. now if i purchase my solar in 2021 but file my taxes in 2022, do i get the 22% credit becuz i purchased the system in 2021 or do i only get the 10% because im fileing in 2022❔❔

[rjcardenas]

Sadly this is very wrong, he is leaving out the fact that with a PPA/lease (atleast with SunRun) that you are renting/to own without a lein being placed on the home. You can buy your system out at any point for fair market value (assessed by a third party) but with a ppa or lease you also get a production guarantee, monitoring and better overall warranty. The biggest value is if you do it that way you aren’t stuck with a crappy solar system that you put $40k down on and if the company disappears so does your warranty. A PPA or lease allows you to go solar at no risk without waiting for an ROI as well as the option to transfer it to the next home owner at no cost to you, as well as saving almost a third of your money than your powerbill on month one (depending on state and utility company)

[balla]

What about owned solar repairs? Is it true that in owned solar, the home owner has to make their own repairs? I've heard it can be a hassle and/or cost more because of this. Is this true or false? During a lease is it all taken care of by the solar company? is there even a difference? Info would be greatly appreciated. Thank you!

[bogdaddy]

This info is very outdated. Many PPAs now that offer NO ESCALATOR. Other than that this video is very well made…Excellent content!

[chrismink]

A UCC1 is a mechanics lean. It only allows the solar company to access their equipment on your property if you default on the loan, lease or PPA. It does not effect your ability to get financing. The loan on your solar might. An owned system that is aged will also be a liability when you sell your property. The purchase option may seem cheaper up front but they are not calculating the cost to own a system over the life of the system. They are also leaving out the cost of adding the system to your home owners insurance. Most solar installers are against the PPA because they don't have a PPA available to offer. Watch out cheap and small installers. Your are much more likely to become a solar orphan.

[diogoleviske]

Great. After 10 years your inverter break. The ownership warranty’s are gone. If own the system now you fucked. Lol now 5 years of savings are gone!

[diogoleviske]

It’s funny that he only give the pros of buying the system and only the cons of doing the PPA.
Owning is only good if the taxes rebates apply to you otherwise PPA is a far better option as long is structured right.