Who's gone Solar

[bojangle]

I'm pulling the trigger on a couple of house batteries to (somewhat) insulate myself from blackouts. I already have panels on my roof which were purchased upfront (no lease bullshit or anything).

Most of y'all are much smarter than I am so I need some advice:

The quote I'm leaning towards includes an HDM agreement where a finance company 'owns' the batteries for 6 years and collects the tax credits; I get an immediate discount on the batteries and ownership automatically transfers to me at the end of the term.

I have zero issues with someone else taking the credits in exchange for my cash payment up front but my inherent mistrust of for-profit companies gives me pause at the idea of the batteries not being officially mine.
To be clear, I'm not very concerned if I "lose" a bit of money via tax credits in the long term. The ownership angle is my main issue.

Am I being paranoid for no real reason?

I also purchased my panels upfront, with no lease, like you did. If I were ro get a backup battery system, I'm thinking I'd do the same. I've really heard nothing good about the leases. Even in the best case scenario, it's not as good of a deal as an upfront purchase, assuming one saved up the cash to do that, IMO.

 

[mean dad]

I also purchased my panels upfront, with no lease, like you did. If I were ro get a backup battery system, I'm thinking I'd do the same. I've really heard nothing good about the leases. Even in the best case scenario, it's not as good of a deal as an upfront purchase, assuming one saved up the cash to do that, IMO.

It's a cash transaction for equipment and installation. The cost of the battery itself is discounted by X% in exchange for my tax credits in some legal manner.

 

[bojangle]

It's a cash transaction for equipment and installation. The cost of the battery itself is discounted by X% in exchange for my tax credits in some legal manner.

Oh, got it. That's an interesting agreement.

 

[Mee]

We own our system. Bill runs about $10 if that

 

[mean dad]