I’ve spoken with over 253 people about solar power systems since September. It’s been very educational. In my conversations and presentations I’ve come up with the following reasons for not installing a solar power system. After you’ve read this let me know your thoughts.
Cheers,
Dan
- The government might change- the rules, the tariff, or something.
Let’s face it, they probably will. But... once you have your contract they still have to pay you what the contract says.
- I don’t know if your company will be around in 20 years.
Frankly, neither do I (I suspect we will because of the other products we offer); however your contract isn’t with my company it’s with the OPA.
- It takes too long to get my money back.
Hmm... when you invest in mutual funds or real estate how long does it take to get your money back?
- I’m waiting for prices to drop.
Since September prices have increased because of changes to the program that have created supply and demand problem. (It looks like prices will go up again.)
- I don’t like the look of the systems.
Okay. I can’t help with this one.
- I want a government grant but there aren’t any.
I understand but if there was a government grant you wouldn’t get paid for producing electricity. One of the benefits of owning your own solar power system is the tax advantage it creates by having your own small business, that’s even better than a grant because it’s ongoing and grants are one time offers.
- The income isn’t guaranteed.True, but the income rate is.
Other than a GIC or a bank account (which usually offer a low interest rate) I don’t know of any investment that has a guaranteed rate or income. A solar power system offers a guaranteed rate for every kilowatt hour of electricity it generates. The only thing not guaranteed is the amount of sunshine which is why we engineer your system to produce the best return possible.
- I might sell my house before the 20 years are up.
You probably will. The system will increase the value of your home because of the income guarantee.
- Technology is improving.
Yes it is. But how much money are you losing while you wait for 5 or 6 years for the technology to improve and for prices to catch up with the improvement?
- It costs too much to finance the system.
We work with a team of financial professionals to find the best solution for financing your system based on your situation. Even when a system is financed it still creates a very good income stream once the debt is paid. How many other businesses can you start up that pay for themselves without you working 24 hours a day?