Still sounds high. How much would it cost you to buy all the parts yourself? That will give you a good feel for the reasonableness of the quoted price. Watch Will Prowse 2026 equipment recommendations to see if the installer is using the recommended or not recommended equipment.
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Is it really possible to install the equipment myself? I mean I can do somethings, but not everything. Im willing to hire an electrician. Im pretty nervous about the future of energy and I want to take control of my home(s). I think energy is going to be staggering especially after listening to Dr Martenson all the time.
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With my roof mounted complicated system and my abilities, knowledge, and tools, it would have been a failure if I had done it myself. But that is just me, in my specific circumstances.
- Heavy awkward components
- tight working with awkward conditions
- Risks of falls off roof slopes, ladders
- Voltage/Amperage risks
- Lack of practical knowledge & experience
- Lack of elect. & building-solar codes knowledge
- Lack of sufficient Knowledgable help
- Lack of a mentor
- Lack of commissioning knowledge
- Minimal access to tech help lines from manufacturers as they want to work with installers more than individuals
- Risk of injuries/death, myself and others
- Risk of property damages, wind damages, fire damages.
So, in my case, with my physical abilities, I would pay to have an experienced, seasoned, long term operating company with many satisfied customers do the job professionally.
Others here, have skills and abilities to have done much themselves and I am happy for them.
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We bought about 4 years ago. We got a zero interest loan (green energy loan), we signed up with our hydro (electric) company. They buy our excess power. We were scheduled to be paid off our investment for the original setup (i gotta check to see if we did that). We added to our setup to have battery backup in case of a grid down event. We have yet to pay that addition off.
So you have been quoted 40K for whole home? That seems low. Unless you are using less power than us. What are the kwh of that system. We have 10.3kwh and it will run a freezer, the fridge, router, sump pump, and a couple outlets for cooking and coffee.
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We are in Canada, we are thinking of removing 25k from our unsecured line of credit and putting that in our checking account. Banks in Canada are reducing line of credit to what is currently owed. The cost will be the interest. The time value will be 1 year. The goal will be to use that money to buy value stocks at generational wealth levels.
Any holes in our plan?
Update 1: if there is a bail in then we would have our money taken and retain the debt. Maybe a cashierās check? We tried to take money out before and the limit you to 2k a day.
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Well Freddy, Iām kinda treading water beside the same boat. In general Iām skeptical of doing things where a very specific things needs to happen to pay off. Too bad we donāt have a treasury direct option hereā¦ Not guidance in particular but some of my thoughts.
Usually if you give the bank a heads up, they can have cash in the amount you need. Spread the money around several institutions and be well under the CDIC limits (iād keep it under 50K per bank) Have thought about but not investigated cashiers checks. Certified checks might be a slightly different option. Vary the institutions banks, credit unions, trusts, insurance, etc. Some rumbling about credit unions being a little safer since they do not invest in derivatives. Alberta has the ATB which is a provincial financial entity (quasi govt slush fund)
Given how hell bent our leadership is on destroying everything good about western society, Iām beginning to worry that they may not be any semblance of a functioning financial system in any form we know it. World Made by Hand is becoming more and more of a possibility by the day.
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Thank you so much for your advice. I really want to get the panels but I want to do it the right way. a zero interest loan or a tax deduction would be a game changer. My guy wants 7.75% interest on the loan of $40k. I think energy bill will go up more than the 7.75% interest but I would save a lot of money with zero interest would be CRAZY!
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To run an off grid house, maybeā¦ but if you get it wrong you, stand the risk of fire, and possibly losing everything. Grid tying, is a LOT more complicated, and one Iām not ready to take on.
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