Is the party over?

[disneysteve]

My brother just put a system in at a cost of around $30k. I don't know what his electric expense is, but I'm right down the road and mine is about $2500-3,000 annually. It's not really a money saver for quite some time.
He doesn't directly use that solar power. The power from his solar panels goes onto the grid and he gets credit for whatever they produce. Has to remain tied to grid or would not have power after dark or when it's cloudy.

I don’t know the details but around here a lot of people seem to do the $0 lease installations. I think the installer gets the tax break but the homeowner gets the energy savings. Works out somehow.

[riverwed070707]

I could be wrong, but it seems that the housing market will cool rather than crash as it did back in 2008.
We're under a different set of circumstances than we were then.
I don't see a wave of foreclosures coming this time around

I'm in the market to re-fi a house I bought on owner financing last fall. Talked to a lender last week who said they'd love to take the loan but only if I did a cash out and borrowed $35k *more* than I asked for and there is an early payoff penalty for 5 years. To me this is very reminiscent of 2008

[james.hendrickson]

This is only partially correct...yes an increase in the money supply is the direct cause of inflation...but who was demanding the increase in the money supply? And the answer is...the public in general demanded it from our elected representatives during covid.

[rennigade]

Our friends just put solar panels on their roof. They really want to cut down on their carbon footprint even though they purchased a 4000+sqft home. How ironic.

I don't think anyone would argue that going green is a thing of privilege. It's not cheap. How many poor people do you know that are trying to "go green?". Yep, it's not cheap. Sure, anyone can recycle and not consume tons of water. That's not enough anymore to be hip.

And dont get me wrong, im not hating on ev vehicles and solar panels. Friends also have a tesla and its awesome. Its just a luxury item at the moment.

[corn18]

I would have loved the option of buying my house with solar. No one offers that around here. Is that an option anywhere else?

[ua_guy]

I would have loved the option of buying my house with solar. No one offers that around here. Is that an option anywhere else?

It probably depends on the builder. I've seen new construction go up with solar on top so it's definitely possible.

I think "going green" is more of an economic equation in a lot of instances. Solar generates cleaner power than lighting fossil fuels on fire and everyone says the grid needs more power, so, I don't see solar as a bad thing at all. Can't argue with a credit on the power bill!

[kork13]

Refocusing a bit toward OP question... As discussed, down markets offer buying opportunities. In accordance with my stock purchase strategy, I still have a few orders in place for low-ball limit orders. Another one of those orders (HD this time) just executed this morning. It's always a bit of a surprise when one of my standing orders goes through, but I see it as the mark of a solid investing strategy -- market conditions are not changing how I make my purchases, the market only drives when those purchase orders execute.

[Fishindude77]

Solar generates cleaner power than lighting fossil fuels on fire and everyone says the grid needs more power, so, I don't see solar as a bad thing at all.

This is what we are being led to believe, but it is extremely debatable when you consider all of the manufacturing effort and resources required to produce solar panels and how little power they actually produce.
Wouldn't need the 30% federal write off to convince people to install them, if they weren't so costly to build / install.

[ua_guy]

This is what we are being led to believe, but it is extremely debatable when you consider all of the manufacturing effort and resources required to produce solar panels and how little power they actually produce.
Wouldn't need the 30% federal write off to convince people to install them, if they weren't so costly to build / install.

Probably a subject for another thread, but I would be interested in hard data on what kinds of returns solar panels produce. I know in California it's a thing...sometimes the panels are leased, or there's credit given up front and there's a residual to pay over time. When buying a property with solar, that's a whole body of knowledge and contracts on its own.

[MonkeyMama]

I would have loved the option of buying my house with solar. No one offers that around here. Is that an option anywhere else?

Yes, it's required in our state or region. All new homes come with solar.

[disneysteve]

Yes, it's required in our state or region. All new homes come with solar.

I've never heard of that being a thing. Every new house must have solar? Interesting. Where is this?

[MonkeyMama]

I've never heard of that being a thing. Every new house must have solar? Interesting. Where is this?

I googled, it's a California rule. I wasn't entirely sure if it was state-wide.