Citizenre Solar Power

[wahsega]

OK anybody check these guys out. Free solar and you pay todays rate for 25 years. Numerous threads searched on the web pretty much say pyramid scam. But the idea is interesting. Im just bringing it up for discussion as I came across it in my studies into going solar. Any one with experience with them?
http://renu.citizenre.com/

 

[Fish MT]

I looked into these a couple of monthas ago and tried to do some calculations. This is what I sent to some friends and it applies to Montana and its seasons.

I read the detailed description on liability, terms and costs. This
will likely be some (how much is hard to estimate) added expense in the
near term if you do this because of insurance and it will not offset
your whole electrical bill every month, especially in winter time. It
may save some $ in the future if you hedge that electric costs will be
increasing quicker than inflation. If anyone is considering it, ask
for some Montana customer references and talk to them before you sign
anything. There is a 3K fed tax credit for these systems and a 500$ state
credit for these systems if you buy them. They are about 9K per 1kw and
produce 200$ a year in Helena so at today's rates, tax credits and initial
cost, it would take 27.5 years to pay off if you bought it, actually longer
because they lose a little efficiency. The company is hedging that energy
production costs will outpace the general economy over the next quarter
century. It's a good bet for them.