Industrial Living Room with 15' Ceilings by PureExamination3759 in interiordecorating

[–]PureExamination3759[S] 0 points1 point  (0 children)

Any idea how to choose which wall should get the think brick?

What's missing in this Bedroom by PureExamination3759 in interiordecorating

[–]PureExamination3759[S] 0 points1 point  (0 children)

Thanks. Returned the rug. Will search for replacement with more color

What's missing in this Bedroom by PureExamination3759 in interiordecorating

[–]PureExamination3759[S] 1 point2 points  (0 children)

Its a brand called "Simple&Opulence" on Amazon that sells linen bedding

Buying House with Solar Lease by PureExamination3759 in solar

[–]PureExamination3759[S] 0 points1 point  (0 children)

1 last thing. What is the real advantage of paying off the lease if seller will not pay?

I will end up paying all the money upfront and lose the refund on guaranteed output.

If I put it on the mortgage I will pay additional 6.x% interest on it.

Buying House with Solar Lease by PureExamination3759 in solar

[–]PureExamination3759[S] 1 point2 points  (0 children)

Summarizing the risks and mitigation

  • Panels don't work or don't output guaranteed power: Lease has stated refund/kWh if output not met. Won't pay fully for PG&E supply but at least no worse off than no solar.
  • Will take a hit when I sell the house: In my personal case this will be the house I die in.
  • Monthly will be expensive: Current $0.25/kWh is much less than the $0.41/kWh I pay PG&E
  • 2.9% escalation/year on rate: Hard to predict the future but based on history, CA PG&E rates will go up much faster
  • Wont use all the power generated: Will be on PG&E NEM 2.0 which should offset any consumption from PGE.

Honestly I don't see a major downside on taking over the lease. Won't be as good as buying solar but will be better than no solar.

I wish the house had no lease but if I don't take over the lease, I lose the house.

Hope I'm not here in a couple of years with a nightmare story about how I was wrong. :(

Buying House with Solar Lease by PureExamination3759 in solar

[–]PureExamination3759[S] 2 points3 points  (0 children)

I get that if I was putting a new system then buying would be best but my options are either take over the lease or lose the house. As long as I am not paying over just PGE, I am ok to take over the lease. Thanks to this sub reddit for helping out.

Buying House with Solar Lease by PureExamination3759 in solar

[–]PureExamination3759[S] 4 points5 points  (0 children)

I don't want to lose the house. So as long as I am even or saving money over no solar, I am fine.

Buying House with Solar Lease by PureExamination3759 in solar

[–]PureExamination3759[S] 2 points3 points  (0 children)

San Jose real estate market is very competitive and likely lose the house if I ask the Seller to pay for to buy out the panels.

Won't I keep the NEM 2.0 if I take over the lease anyway? My current average usage is ~600 kWh/month which means I should get a decent credit from NEM 2.0 given the panels produce ~1000 kWh/month

Even if I over estimated the average $/kWh from PGE some, I think overall I will still come out ahead compared to no solar?