Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Basically everyone Should Get Solar Panels In California Right? Via Financing?

getakey

Active Member
Jan 28, 2020
1,975
764
95762
As the Federal funds 30 year rate is currently 3.138%, no rational and above board investor is going to loan money out at 0.99%. I'm not saying that you can't find a quoted teaser rate at that value, but I seriously doubt there is an all in APY of 0.99%. So, yes, I don't believe it, for a variety of reasons.

However, 3-5% is less than the current inflation, and a leveraged purchase may make sense for some folks, but that is an entirely different discussion.

All the best,

BG
Agreed
 

holeydonut

Active Member
Supporting Member
Jun 27, 2020
3,590
3,021
East Bay NorCal
hi my name is Jason 👋🏼 ... now you know me 🤓
My record for continuous off grid (pre PTO) was i believe 45 days or so ...
the caveats are I cannot just charge my model 3 anytime I want (when solar producing only ) and in summer on 100+ days house may get up to 78 F when i cannot run AC anymore at night ... also i would still need ng for heat / dryer ..
this is w/ 2 pw and modest solar (24 panels)
not a shack either modern single story 2800 sq ft home
if all those caveats are allowed then i could go off grid .. but of course much better for me on grid when i can charge when i want and run ac all i want and still net zero at true up


I think h2oguy means someone who grid defects and actually terminates PG&E service to their home. So they give up NEM but also give up having to deal with PG&E entirely.
 

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top