Loading ...Boy did I luck into a deal. Couple years back I installed a ‘leased’ solar PV system with a battery. The lease payments were lower than the electric grid cost of the same power that it replaced, so my overall bill for both grid and solar was lowered. So the solar company has to maintain the system. A few months back they got a notice from the battery manufacturer (LG) about a charging problem and potential fire hazard. So they remotely lowered the charging current on the battery, which reduced the overall solar production, and they credit my bill total each month until it is fixed. Last year they were optimistic it would only be a couple months. Guess who is getting burned now by supply chain issues and the complete lack of availability of enough new & improved batteries to support a total recall for the industry.?
This solar company I am with just bought out a failed competitor in this market. And now this… I could wind up a lessee in possession of a solar PV system if this company fails. Meanwhile, I am getting about 50% of the previous output of the PV system at no cost to me. Yeah, my electric grid bill came up a bit, but is more than offset by the lack of lease payments monthly.