Sold for $260,000 on Nov 16, 2018
OWNER IS MOTIVATED TO SELL. New Paint, Carpet and Tile flooring. Single story 3bd/2ba home in the Spring Haven Senior Community (55+) of Sun City. Located in a quite well maintained neighborhood centrally located to shopping, restaurants, and the 215 Fwy. No homes behind just hill tops and hiking trails. Front yard has view of private community only park with lots of greenery and shade trees. Buyer Must ASSUME SOLAR LEASE. It's a MUST SEE., Solar Lease Info from Seller: The Solar lease charges the consumer $0.1636 per kWh produced by the panels. Solar lease company has an annual increase of 2.9% it will be December of 2021 before the lease rate will cross $0.18 and it is likely Edison will have raised rates again by then. At a minimum the consumer saves $0.0164 per kWh used in Tier 1, $0.0864 per kWh used in Tier 2 and $0.1864 per kWh used in the high usage Tier.So if you used 1800 kWh in summer month with 31 days the cost of your electric costs for your house would look something like this. 1100 kWh produced by panels *$0.1636= $179.96 to Solar Lease Company 700 kWh purchase from Edison Tier 1 502 kWh *$.18 = $90.36 Tier 2 198 kWh *$.25 = $49.50 $10 or so Edison for transmission bookkeeping etc. Total to Edison $149.86. Total for 1800 kWh in the summer (Edison + Solar) with the lease $329.82. Without Solar: Tier 1 502 kWh *$.18 = $90.36 Tier 2 1298 kWh *$.25 = $324.5 $10 or so Edison for transmission bookkeeping etc. Total for 1800 kWh in the summer (Edison only) $414.86. Meaning for an 1800 kWh summer month the consumer saves about $85.00. Any performance or repair issues with the Solar System are paid for by the leasing company. Inverters typically need to be replaced a maximum of every 10 years at $3-4K so the leasing company has to cover that expense. If the consumer uses less electricity than their panels put out on the grid, once a year the power company does a true up and will compensate the consumer for their net production. Solar leasing helps you get lower electricity prices. Is it very much like driving around until you find cheaper gas before filling up. The best analogy I can come up with for explaining Solar leasing is this. Consider you owned a vehicle that got 10 miles to the gallon. At 2000 miles a month and gas at $3.50 a gallon it costs $700 to operate the vehicle for the month. If you were to then lease a vehicle at $200 per month and that vehicle got 35 miles to the gallon it would cost you $200 for the lease plus $200 for the gas, essentially $400 to operate the vehicle for the month saving you about $300 a month. The price of gas would have to drop below a $1.40 a gallon for this to be a bad deal. Even if the monthly commute shortened to 1000 miles per month the price of gas would still have to drop below $2.80 for this to be a bad deal.