We are almost completely committed to solar panels (in a legal sense, we are already committed in our minds.) We have signed the loan paperwork and sometime next week we will be signing the contract with the solar company.
The salesman that sold us the system was awesome. There were several steps in the loan process that were tedious and would have taken us a week to complete, but he was prepared and he made phone calls and paid fees for us to continue moving forward. He has been the best commission only salesperson we have ever had. He did the yucky work, backed off when we said we needed to think about it, and let us read the fine print at our leisure anytime we had to sign something.
Let's talk about cost for a moment. The total cost for the system is $33,000. The state of Florida currently has a rebate of $20,000 (how awesome is that?) and the feds have a $9,900 tax credit, the company will front the remainder of the cost for a few years. We are going to let everything settle and then pay it off. We had to get a loan (a low interest loan issued by the city) to cover the state rebate. Admittedly, the state rebate comes with some risk. The rebate fund has to be re-funded every year by the legislature and is currently out of money. There is always the chance they will not fund it this year. We were willing to take that risk. In my mind we aren't even getting that rebate money. (This is another area where this company and the salesman are awesome, they are filling out the paperwork for the rebate for us.)
There is a couple more more papers to sign and money to change hands, but we're on baby!
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