Green Living
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Solar Panels for the House
We're having a company come by today to talk to the hubs and me about solar panels for the house. We'd be leasing them instead of buying them (just don't have an extra $35,000 laying around right now) and it's through a company that some friends are also using. Living in SoCal and getting sun over 300 days a year, I think/hope we'll have good luck with them in saving some money.
Anyone else do this?
Re: Solar Panels for the House
Congrats!
Re leasing vs. buying - I've tried googling the hell out of it, but for the life of me I can't find the IRS link to the solar panel tax credit or PG&E rebate for CA residents. It was something like 30%, and it may present the option to purchase for you. Anywho, just thought I'd put it out there.
Either way, I'm jealous and think you're awesome!
Like the pp said there is a 30% off tax credit but you'll have to wait until the following year to get it and you will have had to have paid that amount on your federal taxes to get it back. Otherwise you'll get what you paid for your federal taxes that year. We're getting $6500 on our geothermal system we put in last year.
BTW I'd look into geothermal systems. Ours is projected to save us $2200/year (at the current price of fuel oil which is what we converted from, based at the price the previous owner spent on fuel oil two years ago it would be $4700 saved in one year). The system should have paid for itself in only 8 years.