Originally Posted by
meatman
We actually had 3 options when we went with Solar City. We could do the $0.071/kwh + 2.9% increase per year with no money out of pocket which would result in a $62/mo bill to Solar City. The second option was to put down $2k and pay a fixed $0.079/kwh over the 20 years of the contract, $58/mo payable to SC. The third, which we did, was to pay $9500 down and we don't pay electricity for the 20 years of the contract. It should average about $0.042/kwh. Unless we go over our allotted average usage at the end of the year, we don't pay anything. If we produce more than what we use, we'll get credit back from Xcel. I'm not sure if the second and third options are still available. We signed our contract in December. We should reap the benefits in 10 years (come out even).
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