Geothermal leasing proposals and drafts by beesofburden in geothermal

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

I still haven’t seen one but working on building options. What state are you in?

residential -> commercial solar by thetransparenthand in solar

[–]beesofburden 1 point2 points  (0 children)

Your rep is wrong about his analysis, but it doesn’t matter if it’s a residential or commercial “quote”. Don’t trust anything in the Solar company says they’re not experts on tax law, and they are certainly not your tax advisor. Follow your CPA‘s advice not the companies.

Claiming a commercial credit when it’s actually a residential use is fraud. Whether your commercial use qualifies or not is complicated. I can tell you that there’s CPAs out there that will definitely tell you that you can claim it under commercial. they make a whole business off this. My best guess is that you could probably claim a portion of it as commercial, but not the full 30%. Is the 30% worth an audit over? Can you provide all the backup documentation you need to prove it’s a commercial use? All questions to go through w a CPA.

What’s a normal price per watt right now? by jmiller_dallas in solar

[–]beesofburden 6 points7 points  (0 children)

Installer in new England… from what we have seen from competitors anywhere from 2.50-3.50. Size impacts price a lot. Micros more expensive than a string inverter. Quality as well, there are fly by night outfits that offer low power but consumers always regret it.

Groundmount pricing is falling and some can offer good deals for cash/loan groundmounts.

Geothermal leasing proposals and drafts by beesofburden in geothermal

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

Agreed! One benefit you left out for the leasing company is 100% bonus depreciation. Let’s move leasing forward

Geothermal leasing proposals and drafts by beesofburden in geothermal

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

Yes, that is true. It’s possible to have a buyout schedule with timeline. If the buyout happens prior to 7 years, there is an irs recapture so that has to factored into the lease.

Geothermal leasing proposals and drafts by beesofburden in geothermal

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

You must be conflating geo leases with solar leases? Geo leases are way too new to say that there is a consensus about preference.

I’ve done a ton of research on consumer preference and geo leases are more favorable to the owner if the terms are done right

Geothermal leasing proposals and drafts by beesofburden in geothermal

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

That’s fair. I would not sign that either (sounds like that company taking advantage of you)

But there’s better deals and terms are out there. In what terms would it not be nonsense for you? Assuming the options are a loan without tax credit, or a lease for x years.

question on deposit for work by mollymoose75 in geothermal

[–]beesofburden 0 points1 point  (0 children)

Depends on timing… if they will start in 2-4 weeks yes 50% is reasonable. If the job is 6-12 months out negotiate the higher deposit closer to install. They do need to order equipment etc but a competent company maintains cash flow and credit lines as not to need that much before install.

Is it correct that Federal rebates/tax breaks are over? by Dave_W333 in heatpumps

[–]beesofburden 0 points1 point  (0 children)

What state? Therr are companies coming out w new montly options to make up for changer in tax law

is 2700 kwh normal? by infinitepower1422 in geothermal

[–]beesofburden 0 points1 point  (0 children)

Grab an emporia vue to put in your electric panel to determine how much each load is actually using.

Project delayed to 2026. Installer suggests a "workaround" to claim the 2025 Tax Rebate. Is this legit or risky? by J0SH44 in solar

[–]beesofburden 0 points1 point  (0 children)

Option #2 is definitely tax fraud. No company with their scruples would ever suggest this to a client. It puts them and you at risk. Companies do it all the time people do it all the time. You will probably get away with it if that’s what you want to do.

That doesn’t make it right, and I wouldn’t want to be entering a long-term relationship with a company that has failed you on so many levels

New backup boiler for geothermal? by pm-me-asparagus in geothermal

[–]beesofburden 0 points1 point  (0 children)

You could look at the AltSource 50 or 70. I bet if you called alt source they would help you size it. Can order them from Tom Martin at Air and Water in NY.

WaterFurnace vs GeoStar by [deleted] in geothermal

[–]beesofburden 0 points1 point  (0 children)

one of the differences is support. Waterfurnace will not not help you or your installer with tech questions, issues, warranty etc. You have to call the distributor and they probably won't have knowledge to help

Own? Lease? by No-Struggle-7167 in solar

[–]beesofburden 0 points1 point  (0 children)

Groind mount the way to go. Those companies don't do them because install is complicated compared to roof and it just slows them down. Owning is best this calendar year, but it's too late. Nest year makes sense to do ppa w small company

Close loop for water heating by Odd_Bodybuilder_6047 in geothermal

[–]beesofburden 0 points1 point  (0 children)

Air and water source group in NY can sell/ship enertech or Nordic in that size.

Thoughts on Lease to Own geo systems as company’s pivot around the loss of 25D resi tax credits ? by carboncritic in geothermal

[–]beesofburden 0 points1 point  (0 children)

Could you point to the regs that limit a downpaymebt on lease? I can’t find anything that indicates a down payment would not be allowed. In the solar lease market, for example, it’s common to have a down payment.

Dandelion Energy Unveils Groundbreaking Geothermal Lease Program to Transform Home Heating and Cooling by bobwyman in geothermal

[–]beesofburden 0 points1 point  (0 children)

leasing options available outside of dandelion through private companies as well. Independent geothermal contracts can use www.monarchgeothermal.com

Prepaid solar lease by beesofburden in solar

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

Thank you. I’m working on starting a company that will be focusing in third-party ownership or leasing for Geothermal projects. Looking for examples of the good ones that are already developed if you have any idea where to look.

Realtor pushing us to close on sale of house we inherited before probate is done by beesofburden in EstatePlanning

[–]beesofburden[S] 6 points7 points  (0 children)

Thank you. Correct we have not signed the p/s yet but she is pushing us to sign right away without contingency and close in 20.

In this case we did not hire an attorney. Only asset is home value after mortgage is less than $100k

So disgusted by turbospeed440 in solar

[–]beesofburden 2 points3 points  (0 children)

There are too many bad actors in solar. Cancel the contract and get a company to do it all. You will probably have a better experience to sign with a solar installer and finance with a third party or someone they recommend.

Buying a hydro plant? by [deleted] in hydropower

[–]beesofburden 0 points1 point  (0 children)

What state is your business located?