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Old 11-26-2014, 08:36 AM   #8
bassballer
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Join Date: Jul 2007
Location: Newport, RI
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Quote:
Originally Posted by Back Beach View Post
Mike,

Research the purchase versus "free" approaches. We put 150 "free" panels on the maintenance facility last year. A wise man stopped by my shop after the install and mentioned purchasing the panels outright will pay you back in 5 years or so due to the fact you receive a higher rate of return if you own the panels.

Getting the panels "free" simply means the company selling you the panels takes half the subsidy and gives you half. If you own the panels outright you receive the full rate. They're expensive but a better long term Investment if you own them as opposed to leasing or getting them for "free."
Being in the business i agree with Mike. This is the way to go. Depending on different factors you could be making money on the grid in a few years. Its a big initial investment but worth it in the long run.
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