Go Into Debt For Solar Panels?!

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Title	:	Go Into Debt For Solar Panels?!
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daves advice would be relevant, if our dollar was as strong as he acted like it was when in reality the dollar is the worst investment you can make, borrow everything you can if its less than what you can make on your money his advice is for people who cant think on their own to get thru life its not good advice at all
Comment from : Stewart Anderson

Waste of money for that solar system
Comment from : Lee Yates

He'd better read the contract and get additional quotes before signing with this company Solar company salesmen lie a lotyou'd better read that contract and really understand what you're getting into before you sign - better get all the info on the tax credits, energy coverage, permits needed, etc
Comment from : T Monroe

Makes no sense for solar in Calif with NEM 30
Comment from : Tracy S

Solar with a battery storage system is never going to pay off if your property has grid power available Grid tie might pay off 20 some years down the road
Comment from : Joe Cummings

Who the hell is paying this idiot 260k per year?
Comment from : MrApplewine

The only thing that kept me from buying panels, was that the numbers didn’t add up I always turn those clowns away now They tried to get me to sign up in WA state on the west side lol
Comment from : OkayDude

Was looking into solar panels, but the monthly cost is more a month than i pay now and for 20 yearsbrHad to turn it down Thought it wierd how these arent cheaper when its all about climate change
Comment from : Brand X

happy indictment and mugshot day
Comment from : mark blue

Dave cut him off with the bottom but he was still talking brbrFix your button Dave
Comment from : Robert Kenney

82k is the ceiling Find the floor
Comment from : Exodus fivesixfivesix

Lol I lead FPU but let's get these solar panels Lol
Comment from : DebtFree Dad

omg this is the new wild westthis is the new loan officer industry
Comment from : jfloyo11

Leasing solar a good idea Since interest is so high
Comment from : KJ Centeno

Good lord people brbrDo your research brNever lease a solar brBut it on cash brFind the maker of them to put in brbrIt doesn’t and should not be expensive brbrbrI’m off grid and love it paid cash
Comment from : Coz III

Everyone who calls Dave is making 6 or 7 figure incomes yet they don't know how to manage their financial life Does that make sense to you? Or is it more likely people lie about their accomplishments????
Comment from : Integrity Solution

Paid cash for mine and I make 25k a year Tax credits are a scam used by overpriced installers
Comment from : Bandit Dog

Solar is still junk
Comment from : Your Google Meister

People who get solar for their homes are mainly doing it for financial reasons The problem is they’re not saving any money and in many cases they’re seeing their bills, double and triple Solar panel sales is this centuries version of aluminum siding
Comment from : Stew

My solar story - I could never make solar math work Seems to me I would just be trading paying the electric company for the solar installers all while taking on the maintenance burden After plenty of research, I purchased 144 used solar panels and new micro inverters and installed them on a 40x80 shed Not hard to do if you have help and are a little handy So far our production has covered our usage and we are getting minimum electric bills ($23) I estimate my payoff will be between 5-7 years It was a lot of work but worth it The best part, other than no bill, is that I don’t care what happens to electricity prices anymore
Comment from : 66gtb

An emergency backup solar system to run basics is good Solar generators or a small system to learn on and have cooking, electric blankets, lights, devices covered A few low watt appliances Portable Fridge or freezer, induction burner, few 100ah Lifepo4 batteries that last over ten years at least Yes, need a spot where the sun shines A solar cooker oven doesn’t even need electricity Good to have for emergencies, power outages, camping, road trips etc They can be expanded or add another system for more power as you learn or want to invest more knowing more how it works
Comment from : Phoenix Jordan

Dumb as hell
Comment from : Effervescent_Smegma

8-12 payback is a bit long
Comment from : Daemon Can

This math doesn’t make sense Let the utility go solar/wind and invest that $82k! In 10-years you’ll double your money and the solar technology is only going to get better in the future
Comment from : Todd Crabtree

82K is too high, most of the systems we sell are $30K to $40K, before the 30 tax credit, payback is 75 years here in Florida on a grid tied system The battery back-up will NOT lower your bill A system that costs $22K after the tax credit will generate $300 per month here in Tampa
Comment from : Uncle Bens Channel

Tax credit is now 30 until 2031
Comment from : Uncle Bens Channel

He could likely go fully off grid for that price
Comment from : David Wooten

Im in cali, i just borrowed to pay cash for solar The rates have gone up so much here that solar is really the only thing protecting my wallet
Comment from : J A

I know this is 3 years ago, but I had the same question I'm getting pressured to borrow 22k for a loan to put solar panels Or I could lease I don't like leasing anything and I heard from so many don't do it! Also, I don't think it would be worth it to go into debt So, I said no
Comment from : Shirley Montano

I don’t know who you are but you’re dead wrong! You didn’t consider rate increases and there’s nothing wrong with financing at all, it’s WAY cheaper than electrical companies Good lord, don’t listen to people just because they’re famous!
Comment from : Nolan Shafik

Its not always just about money money Half of it isn't a luxury but a benefit to the future of our climate and our planet
Comment from : Jonathan Mc Govern

im really struggling to understand why solar in the DFW is $40k for a 10kw system without batteries I look up all the things needed to do it myself and its like 20k with 24kwh worth of batterie storage where do these companies come up with the cost of install? Am i missing something?
Comment from : Evander Francis

No ones asking how much he’s going to pay to the electric company instead if he doesn’t go solar Ur already paying for it Might as well have a locked in fixed rate
Comment from : AdamReviewsFx

For everyone who isnt a solar dealer - its ALWAYS cheaper to go cash because you dont include financing fees/ dealer fees , 13k off the solar system is not a sales tactic its the truth - the tactic was in the time limit to build urgency
Comment from : andrewmarcfit

You’re so stupidly wrong on this one Ramsey
Comment from : Chosen116

If you have a pool… you dont have to go to a public pool 🤔
Comment from : Jerry Giron

If make 260k yr and want to waste money on solar panel that cost him 69k that being a fool better use of that money give it to me
Comment from : Rich Morin

I have experimented with solar panels on my channel, and after watching this, I will be glad to just buy one solar panel at a time to increase my electricity
Comment from : Steven Vlogs NC

When your power bill is over 200 and your solar bill is only 120 fixed you cut off the power company And now you’re paying to own your power It’s a no brainer to me
Comment from : Gabriela Criollo

Free solar
Comment from : DANIEL SANCHEZ

Obviously it’s debt, but it’s not something you can avoid You’re going to have to pay it regardless if you don’t buy panels
Comment from : David Avalos

$82k to save money?? That makes no sense to me 🤦🏻‍♂️
Comment from : “laissez faire”

ifffff rates dont keep increasing
Comment from : Miguel A Bermudez

Rent electric forever or purchase solar, with the same funds If you rent electric why not rent a house forever?
Comment from : Timothy Marks

Love your video I have a ??? Have anyone call in and ask you why the solar show it produce a lot of power but when the Edison bill show up it Show different Less than what is show Thank you for your time
Comment from : Koi Lover

Dave you know nothing about solar please stop
Comment from : Giuseppe 15

Read about tax "CREDITS"
Comment from : Craig inSWFlorida

Almost none of the numbers thrown around in this conversation added up, not even close First of all, an $83k system discounted by a 26 rebate is a little over is $60k not $69k However, If we use Thomas's out of pocket number of $69k and his energy savings of $4k/year, his breakeven will be closer to 175 years (not counting interest on the loan) not 8-12 years as estimated by Mr Ramsey brbrThomas says this is a "whole house" system and so requires batteries In order to displace $333/mo at $012 per kw of electricity you'd have to produce close to 16000 watts (27 kw rated system) of power per day, plus have about 40 kw of battery backup An added cost and complication is that many utility companies impose costly requirements when a system exceeds 10 kw A 27 kw system is going to be closer to $100k (with sales commissions and profit for the company), not 82k When using this more realistic cost of a system, the payback period is closer to 20 years Of course you could buy a smaller 10 kw system to use for back up of critical circuits and also help offset your electric costs brbrA commissioned salesman is not likely to give you the full story before you sign on the line Don't be in a hurry, take your time and educate yourself I've had solar for many years and seen the technology improve by time If done right, it can be financially justified Consult a qualified solar engineer/consultant before making a purchase I am not a solar consultant, I just have many years of experience designing and building my own systems
Comment from : WeekNight Ace

When he said pool I thought he said poo brHaha
Comment from : bob

Sounds like he's getting batteries with the solar, he doesn't wanna say it but he's probably not going to be saving money over the avg 25yr warranty of the system brWith significant battery capacity the solar savings may just subsidize the batteries to break even With time of use areas the batteries may help you save some more money though
Comment from : Brent Workman

It's different dave, this is something that people are gonna pay for anyways! Do not compare this to a luxury like a pool, no one needs a pool but everybody needs electricity
Comment from : My FYP Rocks

I hope this guy knows his system won’t make powe if the grid is down
Comment from : Wes Johnston

Salesman got this guy good lol
Comment from : Deez Nuts

solar panel fever 🥵 haha
Comment from : My Name

What if your a real estate investor someone who has it, don't let emotions get to you Solar is a logic game for those that wanna own their power instead of Rent it to these dang monopolies
Comment from : Brianna Web

What if ya got the money not to go in debt
Comment from : Brianna Web

Solar is worth it
Comment from : Brianna Web

Sheesh bad bad advice
Comment from : Brianna Web

The only time you should buy solar is when you get a battery system with it That becomes very expensive I bought solar and it's a waste of money
Comment from : justin time

No
Comment from : Winston Rocco

what an ego Ramsey you are a big deal
Comment from : Dan Swanson

with 80k you can buy a solar farm to power your whole city man!
Comment from : Block BB

I'm looking to build a modular system piece by piece until I get enough to get a check from the EMC instead of a bill
Comment from : Johnnys Videos

Dave Ramsey is an idiot You can literally take out a five-year loan with zero down make the same monthly payment you’re making with your utility, instead of paying utility you pay the lender for the solar system Your utility payment disappears instead this money goes towards an asset that you own When yes it is paid off you never have to buy electricity again It’s a no-brainer Again Dave Ramsey is a complete idiot
Comment from : D K

Getting a solar system was the biggest mistake I’ve ever made , I’m just sick that I’m paying for a system that is in storage , I’m at a lost to what to how to deal with this stupid mistake I made made What ever you do if you do get solar is DO NOT BUY FROM TEXAS HOME SOLAR , they are out of Houston Texas They are a rip off , I think I should’ve sued
Comment from : Fed up patriot

Ramsey is an idiot
Comment from : Paul Lewis

Solar isn’t like buying a pool You throw out money to the electric company every month You’re paying them anyway Why not own your power?
Comment from : Buddy Fennell

Sorry to say but you live in Texas Has its own awful poorly designed electrical grid because well it’s Texas Also to even use your solar it has to be hooked up to the grid That is unless you create your own so it is not really doomsday prep
Comment from : Chase Boddicker

Federal tax credits are back up to 30 as of right now (August 2022)
Comment from : Reiss Lindhardt

The solar debt is the same as paying an electricity bill
Comment from : Ben Oakland

Man, that’s pricey and don’t make any sense! My house is big and my bill is a little high but $81k will pay off my electric bill in 30 years if not change!! I would try to negotiate price of everything itself if you’re paying cash Yes, this is why those solar companies don’t want to tell you the price of the system itself I always tell those sales people okay so what’s the price!? When they beat around the bush am closing my door
Comment from : Perez Family Adventures

Idk why they asking Dave debt questions The answer is are you flipping stupid 🤣😂🤣
Comment from : Tee Runnin

82k he can put a huge down on another house and rent it out and actually own a property that will appreciate instead of a solar system that will depreciate with wear and tear and need maintenance and will not cover his electricity bill they lie too much to believe them
Comment from : Hector Garza

I’m a firm believer that this technology will eventually get cheaper But now?
Comment from : Nate Radcliffe

The break-even period is key!
Comment from : Pedro Dominguez

Watched this and noticed it was before the big power debacle in Texas If I lived in Texas I wouldn't risk it, I would do solar ASAP as my state is so foolish as to not connect with the rest of the country's power grid People died in the winter because they had no heat
Comment from : Sue N

No solar system build will cover 100 the entire point of solar is to offset that bill as much as possible depending on the property, some properties can actually handle 100 off set and the tax incentive depends on income 40k or more but if solar works it can save you money This old due has no idea what he’s talking about solar can put money in your pocket
Comment from : What’s Up?

I endorse Solar Technologies too and freaking think they're great but the problem is they're doing it in the wrong way and you have to do efficiency on your property to make them really effective and that is the problem with a lot of this is they're selling you solar but they're not doing any efficiency in the process and efficiency is the most important thing because the majority of times and I am a solar salesman you can't make enough electricity for these people to use on a roof
Comment from : Nomad Daves tiny homes

Your property and usage should be large enough for it to make sensebrIf your bill is less than $200/mo, that's gonna take years to break even after federal tax credits and state subsidies
Comment from : 15K HP Club

How about look at increasing your home insulation instead and reduce electric consumption through lifestyle changes
Comment from : 1 1

EE major and it doesn’t even take that to Google it but solar is such a joke😂 Like maybe if you have a portion of your yard and I mean an acre or so don’t waste your money lol And don’t plan on a tangible return short of 20-30 years before you see something
Comment from : Zachary Schoen

Problem is you make $265k a year and don’t have cash!
Comment from : Lawrence Franck

Stewardship of the planet from a guy living on a ranch in Texas?brI want to meet this guy He probably doesn’t exist 🤣
Comment from : André Alaphilippe

You can just buy electric from the grid for cheaper
Comment from : joshua irwin

He just got out of debt and now wants to get back into debt!!
Comment from : joshua irwin

I have a buddy who got bamboozled into spending 70k on a solar panel install I told him not to do it
Comment from : Kyle

What are you going to do with your panels when they go bad what are you doing to environment
Comment from : Gina Carpenter

Tax credits aren’t going anywhere! New climate & healthcare bill was just passed
Comment from : Jacob Lopez

House prices are going to go down Factor that in
Comment from : CheckThisOut77

I've always said if someone wants to do something bad enough they will find a way to justify it
Comment from : John

Is it debt if it’s an asset? Don’t you have to pay energy cost no matter what? Also paying cash may be cheaper but if you leave the home in a few years than what? He talks about break even, if you finance the system you get instant savings in comparison to what you are CURRENTLY paying I hope nobody listens to what this guy has to say because he makes no sense He relates system to a pool but a pool you are not paying for unless you build the pool He’s already paying for power why not own it for less That’s the answer to how much solar costs, LESS than you are already paying Yes cash is king if you know for sure you are going to stay in house long term Other than that just finance the system and allocate the money you are ALREADY paying to own your power
Comment from : Big Steven 91