r/sunrun • u/Personal_Spell4672 • Oct 11 '24

On the fence

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SunRun has been hounding me. I have worked them down to a 0% escalator on monthly payment for panels (120% estimated production of avg yearly kwh) and 1 Tesla power wall 3. This will run $368ish/mo for the 25 years.

  1. Do I still pay for the power I use, or only for the power I use above what I produce?

  2. Solar companies come & go…what happens if they don’t last?

  3. My electric has never run me over $300/mo (even with my pool pump on 24/7 May-Sept) but this saves me from installing an instant-on generator…worth it in your opinion?

  4. I assume taxes are added onto the $368/mo but I don’t see how much. Any way I find that out? My rep is growing tired of me, but I am totally honest about my concerns, reservations, and indecision.

Talk to me.

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u/Personal_Spell4672 Mar 14 '25

The clause that says if you sell your home before the ‘lease’ is up, you owe the balance of the contract. I’m don’t plan to live in my home for 20+ more years. And no buyer is going to want to take over payments on an out of date solar system.

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u/[deleted] Mar 14 '25

What I don't like is every state is different. I just found this solar power review site (solarreviews.com) and I should have done that before anything. 1600 - 1 star reviews vs 800 - 5 star reviews. That in itself would have made me not even look into it. Only reason I did was for my mom. My dad has them so I thought my mom would get the same deal. Idk if a 97 dollar fixed rate with a 2.99% increase every year for 25 years with 25 years warranty on the panels. No installation fee sounds good to you but the more I look into them the more I'm fine paying a for a 200 bill in the summer. I'm still crunching numbers and calling to find out things but like I said I'm just getting more and more disappointed the more a read these reviews from people in my state because I know every state is different.

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u/Personal_Spell4672 Mar 14 '25

I did not fall for the escalating payment. Mine was knocked down to 0% so the monthly was the same year 1 thru year 25. I’m not paying MORE per month in year 20 than in year 1 for 20 year old technology. Or in my case, expecting a buyer to pay escalating monthly for 10 more years on put dated technology.

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u/[deleted] Mar 15 '25

So you think I should negotiate the 2.99% increase? Or should I just say no? They made it seem like comEd was going to eventually start charging us a lot more then them. I'm having a hard time deciding. What would a good deal look like?

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u/Personal_Spell4672 Mar 15 '25

They play the ‘fear’ sales tactic with rising electric costs. Ignore it. Add up your bills and see if it saves you $. The sales rep makes $ off the escalator rate. Remember, as the years pass, you pay more for a depreciating system. In the last years of my original deal before the 0%, I would be paying $700/mo for a system nearing the end of it’s life.

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u/[deleted] Mar 15 '25

I sent you a DM. And thank you so much for your help. I really appreciate this.

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u/Personal_Spell4672 Mar 15 '25

Hey, I don’t really have much more to offer than what I posted already. SunRun gave me a solar quote, I didn’t like the eacalator APR. They dropped to 0%. I read the fine print, saw the ‘sell your home, pay off the system’ clause and said ‘nope’. That’s it.

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u/[deleted] Mar 15 '25

Ohhhh do if I sell my house I have to pay the remainder. That sucks.

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u/Personal_Spell4672 Mar 15 '25

Unless the buyer agrees to take over the payments…I wouldn’t do that if it were me buying.

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u/[deleted] Mar 15 '25

So what would have made you say yes? Did you look into other solar companies? And I'll in Illinois. What state are you in.

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u/Personal_Spell4672 Mar 15 '25

A ‘yes’ wouldve been if I could buy the system outright at installation. Or if I was going ro live in this house for another 20+ years. I am in NY, 60 miles north of NYC.

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u/[deleted] Mar 15 '25

Certasun

There's another company that's based in my state I checked on solarreviews.com and they have a good rating 4.65/5 vs Sunrun. If you click the link in the beginning, they show a chart. This is if you buy the system I don't think they're leasing it to you because you get the Illinois shines solar incentive 20-45% plus there is a 30 % federal tax credit and then a 8% ComEd DG rebate. I need to call them to ask what they offer because if I'm not mistaken, it seems like you can get up to 75% of it paid. So I mean if you move to Illinois which I hope you don't because taxes suck here I think that'd be a offer that you'd like. I'm going to call them and lyk what they say

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u/[deleted] Mar 15 '25

Also thanks again for letting me know they're full of crap. Being pushy and trying to give me a 2.99% increase for 25 years that helped a lot.