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How do people afford the upfront cost of solar?
(lemmy.world)
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this post was submitted on 18 Aug 2023
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Home Improvement
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Have we never heard of a loan?!
Home improvement loans tend to have very reasonable rates. A $25k loan for 5 years is only about $525/mo.
That is so cheap! Let me just dip into my trustfund
For a homeowner ready for capital improvements to their property 525 is cheap.
That is cheap.
If you can't afford some extra $500/mo charge (be it some emergency repairs on your roof or a new heater, etc), then you have no business buying a house when expenses can crop up at literally at time.
Being able to swing the occasional 500 dollars is quite different than affording an additional monthly expense of 500 dollars
Then don't add solar.
For those who can look past what is happening today, they can see that the temporary hit of $500/mo for 5 years can result in potential savings of hundreds of dollars each month for 20 or 30+ years.
The fact that people have to even be explained this concept probably means they have no business hanging around in a home improvement community. Because you know, some of us like to improve our homes and not live in squalor, and things cost money. That sounds like it is a foreign concept to some in here.