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All Forum Posts by: Steve K.

Steve K. has started 29 posts and replied 2760 times.

Post: California Passes Solar Panel Mandate

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@BJ Dante @Tanya F. I've sold, designed and installed thousands of systems. My customers are both liberal and conservative. It's sound technology that has been proven for decades. The solar industry is growing extremely fast and increased competition plus economies of scale is driving costs down quickly, making it more and more competitive in price compared to other forms of energy, and rapidly making arguments against it outdated, as evidenced in this thread. All forms of energy are subsidized. Solar is unique in that it will not need subsidies in the future, while legacy forms of energy based on non-renewable resources will in fact need increased subsidies to remain competitive as supplies are exhausted making them more precious and expensive to extract. As long as the sun shines the fuel for solar panels will be free. 

That said, I'm not sure I agree with California's mandate, simply due to practical concerns such as not every roof being that great for solar (what about the shaded roofs?), I also don't like anything that is required fundamentally, even though I like the technology itself. I'll have to look into how the mandate addresses issues such as shaded roofs before forming my opinion, however solar technology itself is sound, lots of people around the world save money installing panels and have for many years, and prices are dropping drastically making it more and more cost effective every day let's get up to speed it's 2018 people.  

Post: California Passes Solar Panel Mandate

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Nathan Gesner I just had to weigh in on your comment and so called "hard truths" which turn out to be entirely false. I've responded to each of your points respectfully because I've had a different experience with solar than what you describe.  

1. The payback period for solar hasn't been 20 years in 20 years. In many areas such as California the current average payback period is 5-8 years on a cash purchase. A 20 year payback period like you describe is not impossible but it would be rare with today's prices. You'd have to drastically overpay or detail your panels with gold trim to have such a long payback period. The panels on my roof were paid off in less than a year. I bought them at wholesale price and installed them myself, so it depends on how good a deal you get, how good your roof orientation and pitch is, how many sunny days you get in your region, how good your local incentives are, how much local competition there is among solar installers, etc.  However calculating payback periods is uncommon these days anyway as the cash purchaser is rare. Just like real estate most people finance their systems, so what matters is cash flow. Typically loan payments are less than a normal utility bill, so people with solar pay less per month for electricity than those without, that's why people do it, because they like saving money. 

2. Solar is indeed "green energy". What you are referring to is called embodied energy or energy return on energy invested (EROI). It is easily calculated including resource extraction, manufacture, shipping, and installation. Solar panels take 1 to 4 years to offset their embodied energy with electricity production, depending on the brand. The standard warranty is 20-25 years, so they pay back the energy it takes to produce themselves several times over during just the warranty period, and average life expectancy is 30-50 years as evidenced by the panels produced in the 70's that are still making electricity today.   

3. Yes there are tax subsidies for solar. Please find me a form of energy that is not subsidized. Nuclear for example is the most subsidized form of energy, it would not exist without government subsidy because nobody would insure a nuclear power plant. Tax dollars insure nuclear plants, clean up disasters and also store the waste indefinitely. 43% of coal is mined on public lands, then it is shipped on railways built with tax dollars and burned in power plants built with tax dollars. Oil would be insanely expensive today if not for the Intangible Drilling Cost tax deduction of 1916, the Oil Depletion Allowance Act of 1926, the Domestic Manufacturing Deduction of 2004, etc. Energy is about the farthest thing from a free market you'll ever find, so why single solar out for getting government support when all forms of energy do? Many conservatives and libertarians actually love solar, it's not just liberals who love saving money! In fact the Solar Investment Tax Credit, the 30% tax credit which is driving the growth of the solar market, is from the Energy Policy Act of 2005, which if you recall was during the presidency of George W. Bush. That tax credit was recently extended by another Republican president. 

4. Batteries are either a luxury add on for those who prefer a battery bank over a generator for backup power, or a necessary component for a backwoods cabin that is off the grid. 99% of modern solar electric systems don't even use batteries. They use what's called net metering which doesn't require batteries. As far as circuits burning out I'm not sure what you're referring to there, that's completely made up.

5. What panels use those hazardous materials? None that I've ever seen. Cadmium was used very briefly and on a small scale years ago but that type of panel is obsolete. Modern solar panels are made from silicon wafers. Silicon is the eight most common element in the universe. It is not hazardous and is easily recycled. 

6. Every solar system I've worked on has produced more energy than forecasted. Somebody may have messed up an energy forecast at some point, but it is not standard industry practice or lawyers would really love solar. As far as birds burning up, that has happened in a few isolated incidents with concentrated solar farms in the Mojave desert, which is a completely different technology than rooftop solar. It's not a factor with the types of panels you find on residential rooftops like California now requires. Also birds get killed by semi-trucks every day but that doesn't mean we're going to halt the trucking industry does it?

There is a lot of bad/outdated information about solar out there, I didn't want it to be propagated here. I'm not sure I agree with California's mandate, and I'm not sure how it will be implemented when many homes aren't suitable for solar, however I hate to see solar categorized as liberal/bad technology when it's actually great technology that benefits everyone regardless of political affiliation. 

Post: BRRRR target... but it has LEASED SOLAR

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095
Typically your monthly lease payments with solar are less than the electricity bill would be without solar, so it’s a selling point and benefit for your renters (who doesn’t like reduced utility bills)? However if you don’t want to assume the lease you can ask the seller to prepay the remainder of the lease payments/ buy the system from the leasing company before transfer of ownership. One thing to consider is that some solar leasing companies include a “fixture filing” in the lease contract, which some lenders may consider a lien. You should read the lease contract, see how much the monthly payments are compared to what the electricity bills were before solar at the property, look for a fixture filing or lien in the contract, and go from there. Typical solar leases are 20 year agreements, so also check how many years are left on the contract, which will effect the buy out price.

Post: Another Morris Invest

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Caleb Heimsoth I haven't watched too many of the videos. Maybe I should check them out before they get taken down as I bet there are a lot of gems in there. In my day job which is in sales I'm careful not to offer tax advice, financial advice, or promise or guarantee any specific returns because I'm not a CPA, MBA or financial advisor. I'm not sure if there are crimes involved with doing this or if its to avoid being sued but I've always been told not to do it. Clayton definitely gives tax and financial advice in his videos, without being an MBA, CPA, or anything that would qualify him to be trusted with people's money. His pedigree is as a broadcaster on Fox & Friends. 

Post: Another Morris Invest

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Caleb Heimsoth I'm not a lawyer. Luckily only ever been to court a few times for an eviction and a traffic violation. I'd hate to jump to any conclusions, however my gut tells me there are a slew of laws broken here: I just looked up "real estate fraud crime" and here's the definition: "Real estate fraud is when an individual or agency uses false information or misrepresents the information for any real estate transactions." What Morris is doing seems to meet the definition irrefutably. Other crimes that come to mind are brokering real estate without a license, real estate fraud (aforementioned and also possibly failure to disclose), forgery (creating fake leases), grand theft (taking money for rehabs and not delivering materials or completing work), wire fraud, money laundering (operating a Ponzi scheme), etc. etc. 

Post: Another Morris Invest

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Kevin Coggins wow even that got taken down? They're definitely on it. 

Post: Another Morris Invest

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Caleb Heimsoth I think that BP podcast is finally down, just searched for it and couldn't find it. It was still up a few days ago though (on YouTube, got taken down from this website a while ago maybe they had a hard time getting it off YT). @Brendan Curley I know I'm with you. They must have a full time team scrubbing all the negative comments. Ripoff report didn't even have anything until recently and still there isn't much negative on them except on here of course. Maybe there's more going on behind the scenes? Maybe the videos being up longer helps the criminal case or class action somehow, more evidence or something, who knows? Can't wait to see the topic of their next video though: "How to hide out from angry investors while spending their money in Tristan de Cunha"? @Andy Rumple cute people like you get away with so much tell us how you do it! 

Post: Another Morris Invest

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

Everyone reading this should go report their YouTube channel as a scam. If enough people do, maybe YouTube will finally take it down. Kills me to think there are still people out there purchasing from these scammers. How many people need to get ripped off before they get shut down?

Post: Legal help! Should I sue?

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095
Can you incorporate part of one lot to make the other wide enough to build on?

Post: Index funds for beginners

Steve K.Posted
  • Realtor
  • Boulder, CO
  • Posts 2,863
  • Votes 5,095

@Austin Mize partnerships have some amount of stigma because of a few horror stories about families being torn apart thanks to failed joint business venture, which does happen, but partnering is also a very common way to invest. Partnering can be a great way to pool resources and increase returns, if the partnership is right. I can't tell you if the partnership with your cousin is right or not without knowing either of you but the characteristics of a good partnership are complimentary skillsets, an operating agreement that clearly states who does what when and who gets what when, equal risk and equal motivation, constant and honest communication, and following a clear business plan.