Money Matters
short+sassy
member
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.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
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.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Solar panel savings
Hey all--
Just curious if anyone else has solar panels on their home and, if so, how much they've saved you. We had them installed last July...so a little over a year ago...and they have produced 69% of our power since then.
We went the "leasing" route instead of the purchasing route. So there was no money down and it is $35/month to the company that technically owns them (they also cover the maintenance and insurance).
I live in the deep South and this is the first full summer I've had them and I just can't say enough about them. Our energy bills went from being $250/month in the summer to $120. They are also a nice chunk lower in winter, but the summer is the true savings.
Re: Solar panel savings
I think there are federal regulations in place...or at least regulations to get the big tax credits...about the efficiency. I know before we got them installed, the company I'm using also had to measure basically how much sun the panels would receive. But I don't have any trees shading my house, except for one small corner, so that wasn't an issue.
Like you, Gdaisy, I'm not sure I would have gotten them if I'd had to buy them outright. But in my city, there are a lot of companies that only charge a monthly fee to essentially "lease" the panels. Anywhere from $30-$60/month with no money down, depending on the company. I did have to sign away those tax credits to the company I'm using, that is why they do it fairly cheaply. But my monthly rate never changes and there is also a buyout rate table in my contract. They eventually end up being mine if I keep them for 20 years, lol. And I'm obligated to keep them for at least 6 years.
For people that have the money, it does come out cheaper to keep the tax credits for themselves and just buy the panels outright. But I MUCH prefer just having the monthly savings right away.
The State DOT has solar panels for a rest area not far from us (the only one on a 150 mile stretch of highway) - that only can be used in the summer - too much snow coverage in the winter.