Tag Archives: solar city

Tesla creating a consumer ecosystem

If you’re wondering about Elon Musk’s latest vision for Tesla, think Apple.

Apple succeeded in turning a bland market for electronic devices into a coveted and connected lifestyle where your phone, your tablet, your computer, your watch and your television can all be bought in one place and work seamlessly together.

It’s about passion too. People continue to line up at Apple stores overnight to be the first to possess the latest iPhone. The company’s launch events resemble the gathering of a cult.

At Tesla Motors, Musk tapped into that kind of branding magic when he built electric cars that drive fast and look good. The spring launch of the upcoming Model 3 evoked an Apple-like frenzy in stores and online.

Now he’s looking to create his own ecosystem, this one centered on sustainable energy, solar panels and batteries. It’s a much less sexy realm than cars but at least as ambitious.

In recent weeks, Musk began to rapidly expand the Tesla footprint: merging with SolarCity to bring a major solar energy company into the fold, and laying out a sweeping “master plan” to transform Tesla beyond cars, by expanding into eco-friendly trucks and buses, ride-sharing and more.

read more at: http://www.latimes.com/business/autos/la-fi-hy-tesla-sells-solar-20160807-snap-story.html

Rooftop Solar Leases Scaring Buyers of Homes

Leased systems are considered personal property rather than part of a house. For many potential buyers, a solar lease is a liability rather than an asset, and may drive some people away.

Have questions about solar leases; contact the appraisers at www.scappraisals.com

Scott Vineberg, a SolarCity customer, received multiple offers for the Scottsdale, Arizona, home he sold in January. The lease made the deal more complicated because the buyers were reluctant to take over the contract and asked him to pay off the balance in advance, about 10 years of payments.

“I don’t think they understood it,” said Vineberg. He refused to pay off the lease, and instead provided years of documentation to verify the monthly energy savings. After the sale closed, the buyers opted to pay off the lease, and Vineberg installed another SolarCity system at his new home.

He had to “price the house lower than houses without solar to get people interested,” said Brian Neugebauer, the real estate agent at Re/Max Excalibur who helped sell the property. Potential buyers, he said, were “scared of the solar lease.”

There was one more hurdle: to take over the contract, SunPower had to approve the new leaseholder. The buyer’s credit score was a few points short of the solar company’s minimum, and was initially rejected. Bishopp had to persuade SunPower to reverse its decision.

Read entire article: http://www.bloomberg.com/news/articles/2014-06-23/rooftop-solar-leases-scaring-buyers-when-homeowners-sell

Disclaimer: for information and entertainment purposes only

Solar Installers Offer Deals, Gaining Converts

HOLMDEL, N.J. — Jay Nuzzi, a New Jersey state trooper, had put off installing solar panels on his home here for years, deterred by the $70,000 it could cost. Then on a trip to Home Depot, he stumbled across a booth for Roof Diagnostics, which offered him a solar system at a price he couldn’t refuse: free.

Contact the appraisers at www.scappraisals.com for you value questions regarding solar.

California: CA homeowners are increasingly choosing to avoid the upfront costs. In California, the country’s largest market, more than 70 percent of residential customers putting in solar this year have opted to sign a lease or power purchase agreement with someone else owning the systems, according to PV Solar Report.

The structure of the deals varies by company and state, but the overall approach is generally the same: Customers agree to pay a fixed monthly charge or rate for all the solar power produced, and the companies that finance the systems pay for the installation and take the value of any tax breaks or renewable energy credits for which the customer would ordinarily be eligible. Some companies concentrate on financing and use local contractors for sales and installation, while others do everything themselves.

Story continued: Mr. Nuzzi had to sign a 20-year contract to buy electricity generated by the roof panels, which he would not own. But the rates were well below what he was paying to the local utility. “It’s no cost to the homeowner — how do you turn it down?” Mr. Nuzzi said on a recent overcast morning as a crew attached 41 shiny black modules to his roof. “It was a no-brainer.”

Similar deals are being struck with tens of thousands of homeowners and businesses across the country. Installers, often working through big-box chains like Home Depot or Lowe’s, are taking advantage of hefty tax breaks, creative financing techniques and a glut of cheap, Chinese-made panels to make solar power accessible to the mass market for the first time. The number of residential and commercial installations more than doubled over the last two years to 213,957, according to Greentech Media, a research firm.

http://www.nytimes.com/2012/05/10/business/energy-environment/solar-installers-offer-homeowners-deals-gaining-converts.html?_r=1&ref=realestate

Disclaimer: for information and entertainment purposes only