20 year loan most popular plan in 2017-2019 for me as an energy consultant:"Bill Gurgol"
$57 electric bill in 2014?...
Rate increases have raised several times yearly.
The same 415 kWh monthly that was 57 is now over $100.
* Get the best yearly and bi-yearly PRODUCTION GUARANTEE.
SIMPLE SOLUTION with system that is insured and warranted.
Also, every now and then a family cannot utilize the tax credit.
This is rare.
It may be a retired senior, low income homeowner or church, multi-millionaire, etc…
6-8 Years is typical projected ROI. Bigger bills will happen faster.
What should be considered when factoring ROI?...
Fastest finish line is typically lowest interest rates.
5 year loan will have higher monthly payments compared to 10 year / 12 / 15 / 20 /25 years.
Longer term loans will usually raise interest rates, but monthly payments are lower when payoff period is extended.
Longer term loan = less monthly NOW..
Pay less for each kilowatt hour generated. Generally viewed as little to no risk.
Only available in certain counties approved by local jurisdictions.