Solar lease sound too good to be true? It is! (4 posts)

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  • Profile picture of limalimamike limalimamike said 2 months, 3 weeks ago:

    The wife and I have been looking into many ideas on how to lower our ever-skyrocketing PG and E bill. since the installation of a smart meter, my bill has more than doubled. From a tad under $100 in the non A/C months, and $300-$350 in the summer, to $200 plus in the cooler months, and 7-$800 dollars in the summer….OUCH!
    We looked into whole house fans. They seemed to be the answer, until July and August comes around, when they cannot be used.. We are currently looking at upgrading our appliances to highly efficient models. We also looked at solar. A friend of mine told me of an outfit that had a program where they leased the solar panels to you, with no out of pocket maintenance, all for a small fee, with a promise that electricity bills will go down substantially.

    I had a salesman come out to give me an estimate. Boy, he sure did talk a good game….forked tongued devil. He wanted us to sign a contract. I told him I needed to read it first. It seemed that he didn’t want to leave it. After he left, I continued to call him about the contract. I finally hounded him enough to email me the contract.

    Sure enough, buried on page 8 of a 12 page contract, the amount of money the solar company would charge me for a KW/h of electricity starts out at Tier 3 pricing? That is almost 30 cents. My household used almost 15,000 KW/h last year. Now that might not sound bad, the cost, to you, but there was more information. this price, the almost 30 cents per KW/h was scheduled to go up 2.9 percent annually, for the length of the lease, which was a minimum of 20 years.

    I ran it through a calculator, and was floored when I found out I would be paying almost 55 cents per KW/h , almost double the rate of tier 5 energy prices.

    This solar outfit is starting to make PG and E look like a bunch of saints!

    This is just a heads up for those of you that are looking into solar.

  • Profile picture of catpaw catpaw said 2 months, 3 weeks ago:

    Thanks for passing on the info. The Catpaws’ looked into solar as well. Pretty much the same story. Too darn expensive and a money pit.
    With this kind of price-gouging, I’d think it would be a great opportunity for an ambitious person to clean up with a product at an affordable price. I get the impression that greed for a quick buck supersedes any measurement of what a successful company should be.
    When I was an impressionable youngster, I worked for a guy who opened a store that sold greasy fast food. The joint always had people in it not because he sold a different hamburger; he sold his at a cheaper price.
    “Why don’t you raise prices, more in line with your competetion?”
    “I don’t want their money. I want their business.”
    As simple as this insight is, I didn’t hear it from someone with a college degree. I got it from a h.s. dropout with a GED.
    I don’t know what kind of philosophy is taught in business curiculums these days. It’s not hard for any consumer to realize American business wants your money. And I’m not talking just about gas prices or energy costs–when I shop for food, it’s not unusual for me to see a $3 product that I know is stocked at the 99-Cent store. The 98-cent box of store-brand crackers is now $1.28. That’s about a 25% jump out of the clear blue. Rising production costs is a flimsy excuse for the new price.
    “New lower price” is a condescending insult to the consumer when the product is in a down-sized package. Reminds me of a discounted stay at a Vegas casino. The discounts and freebies are designed to funnel you to the gaming table.
    In a free-market economy sellers want the highest price they can get, buyers want the lowest. Left alone, the market will find a compromise. (In this respect, greed is the motive of capitalism.) Somehow, I get the feeling this axiom has been ignored without regard for the consequences.

  • Profile picture of saberhagen saberhagen said 2 months, 3 weeks ago:

    The presumption that the market will “take care of itself”, “find compromise”, and settle at fair market prices is predicated upon the belief that markets consist of fair minded people trading for reasonable profit..

    Unfortunately, markets are manipulated by greedy speculators and others who are not motivated by virtue, but by the quest for “whatever-we-can-get” super profits way above and beyond “fair” market values.

    In today’s business model, there is no need for “backroom” collusion when there is a tacit understanding and agreement prevalent that prices of goods and services can be artificially escalated to outlandish levels beyond the normal levels of supplyand demand without a crime being committed.

    Essential commodities are traded in “exchanges” or casinos where paper-pushing players who provide absolutely nothing gamble and push prices far beyond their “true” or “fair” value.

    In the healthcare industry, providers regularly rape the public with mind boggling ripoff prices for services and associated supplies and medications.

    With the exception of McDonald’s hamburgers and a couple other markets where there is real competition, I could go on and on and on with examples of various markets polluted by greed. But all you need do is consider what has happened to electricity costs since deregulation was sold to the sucker public by political hucksters at the bidding of powerful lobbies, selling the pie-in-the-sky idea that the deregulation would cause competition that that would result in lower prices.

    The only absolute marketing tenet is that greedy scammers will take control of unregulated markets and screw everyone they can for as much as they can at the expense of the suckers who have nowhere else to go for electricity or gasoline and essential commodities.

    There will be no fairness in the energy industry, especially as long as you are forced to buy your energy from the only game in town.

  • Profile picture of limalimamike limalimamike said 2 months, 1 week ago:

    In today’s business model, there is no need for “backroom” collusion when there is a tacit understanding and agreement prevalent that prices of goods and services can be artificially escalated to outlandish levels beyond the normal levels of supplyand demand without a crime being committed.

    Please remember, your BOY….Obama, gave 3/4 of a billion dollars to these firms too. In essence, I have already paid for a solar system, as a taxpayer.