When you get down into the meat of how the tax credits and Sunrun's financing work it's astonishing.
Essentially it sounds like Sunrun's investors are paying to install solar panels on your house so they can claim the tax credit to offset their own income. Meanwhile you are paying Sunrun for the electricity generated by the solar panels.
There doesn't seem to be much benefit for the homeowner. You're better off buying the system up front if possible or even financing it and claiming the tax credit yourself. Then you'd only have to pay the utility for the electricity you don't generate.
"The American way" anymore seems to be to take a good idea, overcomplicate it with financial engineering, and funnel the profits to a small minority of people who actually understand what's going on.
Essentially it sounds like Sunrun's investors are paying to install solar panels on your house so they can claim the tax credit to offset their own income. Meanwhile you are paying Sunrun for the electricity generated by the solar panels.
There doesn't seem to be much benefit for the homeowner. You're better off buying the system up front if possible or even financing it and claiming the tax credit yourself. Then you'd only have to pay the utility for the electricity you don't generate.
"The American way" anymore seems to be to take a good idea, overcomplicate it with financial engineering, and funnel the profits to a small minority of people who actually understand what's going on.