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To: Tell It Right

Nope. But I have enough room on the south side of the house where a large array could go without intruding on the roof. Sadly, there ain’t any COLA’s included in my retirement check and things are getting tighter by the day. No payment plan to do a conversion would work now. We’re in the limbo land of having too much income and not having enough income all at the same time. DOH! 😂🙌


24 posted on 06/01/2022 9:12:34 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: rktman
I paid for my solar system with a HELOC. I'm one of those who'll never pay extra on my mortgage with its low interest rate when I can do better putting my extra money into investments.

But over the years our home value increased bigly, giving me a little equity to take out a HELOC that I used to pay for the solar system. Before I had a fairly large power bill and natural gas bill. Now I have no natural gas bill (I converted my nat gas appliances to electric). What I pay now are a HELOC payment and a tiny power bill. The good thing is that, as the HELOC balance is paid down, the HELOC payment goes down too. Thus it costs me less in the future than it does now. Meanwhile, power rates and natural gas rates keep going up. Thus, my solar system saves me more money in the future than it does now. So as the years go by, it costs me less money to save larger money.

31 posted on 06/01/2022 9:25:44 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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