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To Buy, Or Not To Buy? That is a question?

To Buy, Or Not To Buy? That is a question?

OK. I've gotten permission from my energy COOP here in Central Texas to interconnect. Tesla has made is stupidly simply to order, so now I must ask: buy or lease? I'm thinking medium package with Power Walls. What's pros/cons either way? If I sign up on a lease, can I switch to purchase later (I understand losing the tax credit).

What say ye oh fella geniuses?

jrweiss98020 | September 30, 2019

ALWAYS, if you can afford it, buy it.

gregbrew | September 30, 2019

Purchasing outright will likely be the cheapest solution in the long run. With Powerwalls, your ROI will be lower than with PV alone, probably about 10% on an approximately ten year payback period. My 5kW PV system's ROI was about 12%, with an eight year payback period, before I added two PWs early this year. PWs don't really save any money, here in SCE territory.

I took money that was making 1.5% in the bank, and put it on my roof for an eight times better return. The savings month-to-month go back into the bank. It's a no-brainer.