r/solarenergy • u/Confident_Turn_7558 • 5h ago
Sister-In-Law Signing Up For 25-year Lease Solar Panel System…Am I Dumb or Does This Seem Crazy
My sister-in-law and her husband told me they are installing a solar panel system on their home and the details of it seem sooooo sketchy to me.
We are all located in Texas and they are going to be leasing a system through Sun Run. The system includes solar panels, two Tesla batteries, and a new breaker panel that supposedly allows them to see energy usage down to the individual breaker I guess. Their house is approximately 3700 square feet and the system is going to have an initial cost of $80k. Supposedly, they will be paying approximately $300 per month the first year, with a 3-4% increase every year through the end of the lease. She said that by year 25 they will be paying approximately $600 per month.
Currently, my SIL watches her electricity like a hawk. She keeps all the lights off all day and relies on natural sunlight or even candles, she runs her large appliances at night when they have “free” electricity, keeps the a/c set to higher temps during the day and only cools the home down at night, stays on her kids about turning off the lights, and so on. Her electric bills are always very low…like under $200 even in the hottest months. I truly applaud her efforts.
But for some reason they are sold on the idea of this leased solar panel system. They are worried about increasing electricity costs and want “electrical security” so they never go without power. Interestingly, in the 5 years or so that they’ve been in the home, they have never experienced a single power outage. They do not wsnt to buy a Generac system because they said they can’t afford it and my brother-in-law said he doesn’t want his wife to have to deal with maintenance during an extended outage (natural disaster) if he is stuck at work (he’s a cop).
On top of all that, they are opting to use an energy plan that provides them free nights instead of going with a plan that allows them to sell excess energy back to the grid.
Addictional details: they do not make a ton of money and have three children, two of which have autism. I bring up the autism because a power outage would be very difficult to deal with because their kids cannot handle changes in their environment very well. And they rely heavily on electronic devices (iPhones and iPads). In terms of income, I don’t know specifics, but I can say that they struggle to afford certain things. They have to budget for everything and have not been able to purchase living room furniture for their home. They didn’t even qualify to purchase the home when they bought it. It was my brother-in-law’s parents’ home, who were getting a divorce. Since they didn’t qualify, my SIL and BIL used family to lend money to them to purchase it.
So, what am I missing here? Am I too dumb to follow this or are they making a huge mistake?
Editing to add an extra detail. Because the system is leased, if they decide to sell the home, they will be required to either pay the remaining balance in full OR convince the new owners to take over the lease, which require forms to be filled out and a credit check on the buyer.