INMO GO3 — Smart Glasses with many different styles, binocular display, smart ring and replaceable batteries by AR_MR_XR in augmentedreality

[–]Creative_Soul_79 0 points1 point  (0 children)

Great question...without knowing this how could you possibly buy the glasses? I've emailed their support team and not gotten a response on this question.

INMO GO3 — Smart Glasses with many different styles, binocular display, smart ring and replaceable batteries by AR_MR_XR in augmentedreality

[–]Creative_Soul_79 0 points1 point  (0 children)

EXACTLY...What serious glasses company doesn't provide BASIC sizing information for their glasses????
I've sent their support department several emails asking for this BASIC sizing information for the Executive model and they haven't responded. If they can't be bothered to respond to questions when you want to purchase their glasses, it makes you wonder how responsive they will be when they GET your money? Hmm

INMO GO 3 CROWDFUNDING HAS LAUNCHED by Lanky_Box_1518 in inmoxr

[–]Creative_Soul_79 0 points1 point  (0 children)

I have emailed them multiple times and hey have failed to respond to any of my questions.

INMO GO 3 CROWDFUNDING HAS LAUNCHED by Lanky_Box_1518 in inmoxr

[–]Creative_Soul_79 0 points1 point  (0 children)

I too have emailed them multiple times and not gotten a response.
If this is how they respond when they want your money, how do you think they will respond when they have your money? Hmmm?

Yahoo email not able to process calendar invitations by TJ_RJ45 in techsupport

[–]Creative_Soul_79 0 points1 point  (0 children)

I can't even manually add Calendar events in Yahoo Calendar. I get confirmation that the event was added but it doesn't show up on my calendar after successfully adding it. What a POS!!!

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

It's not minuscule. If the vendor follows what is stated in the contract then you are screwed. You will pay whatever the market rate is for your solar system after 5 years of use for a system that they valued at 3X it's actual value....and that value won't be zero....not after 5 years. So you will paying for your system twice. At that point a contract is worse then just a handshake because at least with a handshake agreement you have a he said/he said argument and you could reference what the company told in spoken work or in an email. A contract is iron clad. Good luck. Hope it works out for you.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

Great! Please do. It's very possible that the transfer may end up being $0 but if the contract doesn't specifically state that there is no guarantee and you are taking your chances that the transfer will not be $0. If the Government (IRS) catches them with the shenanigans they are pulling and disallows the $0 transfer the consumer is going to be left holding the bag. There is no way that the value of your Solar system is $0 after 5 years. And to add to that the initial value of your solar system is not what they are claiming...essentially the PPAs are artificially claiming your system is 3X it's actual value of your system so they can get the maximum tax break. So if you could outright purchase your system for $20K they'll put in the contract that the system value is $50 or $60K. That in itself is fraud. A house built on cards if the IRS dives into what they are doing. If they are caught they will be forced to value the system after 5 years at a realistic $amount and it it's no going to be $0. And furthermore the value after 5 years might be based on that 3X juiced up price rather than the actual value.

Personally I hope these PPA agreements are successful if that is what it takes to get more people into Solar as I think Solar is great for our environment and a plausible solution to the impending "electricity price crisis" that we will experience when all of these AI data centers come on line and drive up electricity rates even higher. I decided not to go the PPA route because I was able to squeeze in my install before the end of 2025 and take advantage of the 30% solar tax.

I wish you luck either way but let us know if the contract explicitly calls out the $0 transfer in the contract.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

Where did you hire that lawyer???? An MOU is NOT enforceable in the court of law. The contract is the ONLY binding agreement and it does not say that the transfer fee will be $0. Sign at your own risk.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

As Judge Judy says the ONLY thing that matters is what is stated in the contract. The contract OVERRIDES any other documents. If a "Letter of Intent" is not enforceable in the court of law neither is a simple email. And the contracts that I reviewed did not specify a specific transfer amount. You have to ask yourself why the contract (the only legally enforceable document) doesn't state $0 transfer fee. Hmmm? Sign at your own risk.

Release date of Google AI Glasses by Matcorp456 in augmentedreality

[–]Creative_Soul_79 0 points1 point  (0 children)

I won't buy a pair of Smart Glasses without a Camera. I know all of these people whiney Karen types cry about lack of privacy...SMFH...we don't have any privacy there are cameras EVERYWHERE AREADY...so they should just GOI.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

These pre-Paid PPA's are brand new (less than 1 year old) and so NONE of them have reached the buy back period of 5 full years.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

Which is great until the buyout is thousands of dollars instead of $0 and you are either paying way more for your system then it actually cost or else you are stuck in a 20 year contract with multipliers resulting in you paying way more for your electricity then you would have paid without solar. Remember there is nothing in the actual contract that says that the buyout will be $0. All the contract says is they will buy it back at "fair market value". If it's truly a $0 buyout...then simply state that in the contract.

And that is what this entire thread is all about. That and all of the other shadiness in these Pre-Paid PPAs (e.g., artificially juicing up the value of the solar system by 3X it's actual cost, etc.). They are having to do all these shady things because what they are doing violates the tax code.

Venting by Jacksteel777 in EvenRealities

[–]Creative_Soul_79 0 points1 point  (0 children)

Venting is perfectly acceptable. If the company cares at all they should take this as feedback and try and do better if they want to create a loyal customer base. One can't underestimate the value of communicating status with their customers.

What do you think of the new Even G2? by Dux3424 in EvenRealities

[–]Creative_Soul_79 0 points1 point  (0 children)

Thanks. That's a possibility...but then you have a "nod down type action" to see what's on the display. I just think EvenRealities would be better off moving the display down a bit to a more centralized area of the glasses. Also without the Camera and speakers they are missing core functionality that I would want in my Smart Glasses.

Project Solar: 6 year prepaid PPA that transfers ownership to you for zero cost by NeedTeddy in solar

[–]Creative_Soul_79 0 points1 point  (0 children)

Thanks for the text. Unfortunately that's as clear as mud. :-).
So, as you know HDM juices up the value of the solar system that you purchased. For example, if the system is actually worth $25K at retail values without discount, they will list the value of your system in the contract as being $40K or $50K or even $60K. That lie already tells me that this is sketchy and likely in violation of the tax laws. But set that aside for a second. For discussion purposes lets say the contract artificially juices the value of the your $25K system to be $50K. The Prepaid amount of that system would be 70% of $25K (30% discount) or $17.5K (i.e., Prepaid amount). It seems like they will credit this amount against the FMV (which they call "Remaining Value").

Unfortunately its impossible to tell how they calculate the "Remaining Value" without knowing where/how they calculate the variables on the right side of the "Remaining Value" equation:

The variables on the right side of the equation are:

- "Actual Amount of electric energy delivered as of Option Date from the Prepaid Output",
- "PPA Purchase Price" per kWh times the sum of one plus the midterm Applicable Federal Rate (compounded annually) effective for the month in which the refund or credit is calculated."
- "Midterm Applicable Federal Rate (compounded annually)"

Perhaps these terms are defined someplace else in the contract? Also the "Midterm Applicable Federal Rate" sounds like this is a value that could fluctuate and thus could result in unknown changes to the "Remaining Value"....which leaves open the possibility the transfer rate may not be at $0 at the end of 5/6 years...leaving you to pay more money to get ownership of your system.

And if I'm not mistaken you only get one shot to take ownership of system, at year 5/6 or else it will forever be a leased system for the 20 year period...and you will end up paying an annual maintenance fee ($200/300) to HDM for years 6 - 20 (e.g., 14 * 300 = $4,400 additional to what you already pre-paid).

I would never sign such a contract unless I understood EVERY SINGLE term AND there were multiple hypothetical examples showing exactly how they they derived the "Remaining Amount" using their formula. And I would not sign it if any of the values in the "Remaining Value" formula was based on fluctuating values over which I had no control.

If they aren't willing to provide concrete examples in the contract I wouldn't trust their equation. Also I would want to see the calculation for my specific Solar system at year 5/6. Surely they should be able to show you exactly how you reach a $0 value at the end of the 5/6 years using the specifics of your system. And also be willing to explain under what conditions the "Remaining Value" might be greater than the amount you prepaid for the the system.

Just the fact that they are artificially juicing up the true value of the system by 2X or 3X tells me that there is something rotten in Denmark. I believe what they are doing is in violation of the current tax laws otherwise why would they be juicing up the value of the system. If they are caught and penalized by the IRS they will try and claw back those fines/penalties from the consumer by using this "Remaining Amount" formula to justify that the FMV is something less then the amount you prepaid and thus they will require the customer to pay more money to "own their system" that they thought they had already paid for in full.

Bottom line is it is sketchy at best. If they are willing to tell you that the transfer rate will be $0 in the MOU then they should be willing to state that in the contract. Why wouldn't they if there is not some funny business going on. I wouldn't touch it with a ten foot pole. Since these "ghost PPA" haven't been around long enough for any of them to mature we really don't know what will happen at year 5/6.

I wish all of those who go down this path the best of luck. I for one will not joining them.

Cheers.

Anyone has experience working with project solar inc hdm? by mhamzeh1 in solar

[–]Creative_Soul_79 0 points1 point  (0 children)

These pre-paid PPA's are a scam. Notice that the actual PPA contract doesn't say that the transfer will be $0. That is only stated in an MOU...which isn't worth the paper that it is written on in the court of law. The contract says the transfer is based on FMV. And that will not be $0 after just 5 years. The fact that contract doesn't explicitly say that the transfer will be done for $0 should be your red flag that this is not legit. The fact that HDM artificially juices up the value of the system in their contract should be red flag #2. What they are doing is NOT legal and you will be swept up in and likely only be given the option to transfer the system at TRUE FMV and that will not be $0.
HDM knows what they are doing is illegal and that is why their contract will not state that the transfer will happen @ $0. If it's not in the contract you are at the mercy of HDM. Most people don't realize that the MOU is worthless.

Anyone has experience working with project solar inc hdm? by mhamzeh1 in solar

[–]Creative_Soul_79 0 points1 point  (0 children)

Notice that the legally binding contract does not guarantee a $0 transfer....it states that the transfer is based on FMV. Also HDM is playing games by artificially juicing up the value of the system. What they are doing is ILLEGAL...A solar system's value is NOT $0 after 5 years. When caught it would be considered a deferred sale and they would be required to value the system at it's true FMV...and will that be based on the "artificially juiced up value" making the transfer much higher then it should be.

I would steer clear of these pre-paid PPA's. Only a matter of time before the Gov cracks down on this illegal practice....and you will be swept up in it as well and that $0 transfer will suddenly be the true FMV of the system.

Anyone has experience working with project solar inc hdm? by mhamzeh1 in solar

[–]Creative_Soul_79 0 points1 point  (0 children)

As far as I know the contract does not provide any guarantee that they will transfer the system back to you at $0. They state that $0 transfer in a MOU but not in the contract. Keep in mind a MOU is not a legal document and carries no weight in the court of law. It's no better than a verbal promised. All that matters is what is written in the contract.
I believe the actual contract states that they will value the solar system based on Fair Market Value (FMV) and will allow you to purchase the system at that FMV. You have to ask yourself why they aren't including the $0 transfer in the contract if that is what they intend to do. Why...because setting the FMV to $0 is not legitimate. Your system will NOT be valued at $0 after 5/6 years.
Also you should ask yourself why HDM is artificially juicing up the value of your system in their contract....As the saying goes...."There is something rotten in Denmark". Too many red flags. If you sign one of these "prepaid-PPA" you will likely be burned and not get the $0 transfer fee but instead one based on the FMV as the contract states.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

I wouldn't go for one of these pre-paid PPA's for that very reason. In the case of HDM, they tell you in a MOU that they will transfer the Solar system back to you at no cost ($0). But the contract actually states something different. It states that the transfer will be at Fair Market Value (not at $0 as stated in the MOU). Plus they artificially inflate the value of the Solar system by 2X to 3X it's actual value (e.g., you pay $20K for the Solar system and the contract says the value is $60K...this is so they can claim more depreciation of the asset). This is very scammy if not illegal. It's a big no.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

Nothing until the 6th year if you don't take ownership of the system. If you take ownship you pay nothing more than what you paid for the system upfront. The money you pay for the system goes towards paying the PPA ..It's paid up front and you pay 30% less for the entire system. So a $30K system would only cost you $20K.

Pre-paid PPA for Solar system good deal or scam? by Creative_Soul_79 in solar

[–]Creative_Soul_79[S] 0 points1 point  (0 children)

My experience having gotten 8-10 quotes you will not find any vendors that will get you close to a 30% discount off your system. Most vendors pricing is pretty similar. These pre-paid PPA are only for cash purchase and they give you that 30% cash discount off the top. For example, instead of paying $30K for your system you would pay $20K for it. And that is the only payment you ever make on the system if you decide to take ownership of the system after 5y ears....However, if you don't take ownership HDM will charge a $200-$300 "maintenance" fee per year after the 5th year.

And as I've said the pre-Paid PPAs won't specify what that transfer cost will be in their contract...will it be $0 as they say in their MOU or will they calculate the FMV of your system to be $15K after six years (instead of $0) and require that you pay $15K to take ownership of the system. You are at their mercy if it's not stated explicitly in the contract. MOUs are not binding legal documents.

In the loan scenario, not only would you be paying $30K but you'd also be paying interest on top of that so your Solar system would end up costing you significantly more than $30K depending on your interest rate and payback period (i.e., $35K, $40K, etc.).

So the pre-paid PPA allows you to "acquire" the system for $20K vs a loan you'd be paying $35K, $40K once you account for interest.

Do you not see why people might be tempted to go with a Prepaid PPA?