DaveC
Car-boat motors
- Joined
- Sep 25, 2007
- Messages
- 11,177
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I am buying a home with a Solar City Lease. I have to assume the payments or buy out the lease. Its a shitty deal and I don’t want any of it but it’s a nice house.
I don’t have the numbers yet cuz the sellers are retards. The system looks big.
Its in year 6 of a 20 year term. The lease payment is based upon all output of the system. Cost is $0.19 per kWh with a 2.9% escalation clause. I am told that is $200 a month.
I am allowed to buy out the lease now which I can negotiate with the seller now. I can also buyout the lease annually thereafter.
The buy out is for fair market value. How do we assess the fair market value?
I need to get more data like the size of the system, it’s seasonal output and their usage. It has 35 panels and an inverter. They used it as a primary residence and the house is all electric. We will be weekend warriors so our usage will be less but it does get hot there in the summer and that place has AC.
My primary residence we are in tier 2 of usage with PG&E and are averaging $0.27 per kWh. We use 560 kWh a month but we have NO AC On the primary.
I don’t have the numbers yet cuz the sellers are retards. The system looks big.
Its in year 6 of a 20 year term. The lease payment is based upon all output of the system. Cost is $0.19 per kWh with a 2.9% escalation clause. I am told that is $200 a month.
I am allowed to buy out the lease now which I can negotiate with the seller now. I can also buyout the lease annually thereafter.
The buy out is for fair market value. How do we assess the fair market value?
I need to get more data like the size of the system, it’s seasonal output and their usage. It has 35 panels and an inverter. They used it as a primary residence and the house is all electric. We will be weekend warriors so our usage will be less but it does get hot there in the summer and that place has AC.
My primary residence we are in tier 2 of usage with PG&E and are averaging $0.27 per kWh. We use 560 kWh a month but we have NO AC On the primary.
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