What do you guys think about SCTY

Lunatick
Lunatick

Is it worth buying?

All urls found in this thread:
http://www.solarcity.com/residential/backup-power-supply
Fried_Sushi
Fried_Sushi

I'm thinking about buy 500 shares.

Sharpcharm
Sharpcharm

@Lunatick
I was hearing that it's on the decline but my Solar's been on suicide watch the past week as SPWR and FSLR shit the bed.

StonedTime
StonedTime

Too much debt not enough profits like all Elon Musk operations

CodeBuns
CodeBuns

@Lunatick
Elonbro can do no wrong
Long term buy & hold

Boy_vs_Girl
Boy_vs_Girl

Just bought 500. I hope it goes to the moon~!

Snarelure
Snarelure

will explode in the LR

buy the dip while you can

BinaryMan
BinaryMan

The pigeon control involved with panels will make you more money famila

TreeEater
TreeEater

@Lunatick

For me I need to believe in the product.

I don't see much of an advantage for homeowners to use them.

They save marginal money in the long run, and the panels only power the home when the sun is out, then the home must switch back to the power grid.

That being said, I could be wrong, this is Elon musk we're talking about.

RumChicken
RumChicken

1) Elon Musk is only the chair of the board of directors, his cousin is CEO
2)
a) they're subsidized to buy their panels by homeowners
b) they sell excess energy to the grid
c) they sell the rest of the energy to the homeowners at slightly below market rates
d) there is no maintenance cost on solar panels for like 10 years, only install costs

This is the perfect business and nobody realizes it.

TechHater
TechHater

e) not to mention, their profit margins are only growing larger because of the increase in efficiency and decrease in cost of the panels

Stupidasole
Stupidasole

@RumChicken
no maintenance
Thats a lie. They have to be dusted regularly and their biggest enemy is hail. A family friend decked his house out with solar only to have a freak hailstorm break every single panel.

The biggest drawback is still weather. Until they perfect the home battery, solar is a meme. A cloudy week or a stormy winter fucks you. Solar is mainly for bragging rights and so liberals can show their friends how environmental they are (it's the new prius)

Spazyfool
Spazyfool

@Stupidasole
Solar City doesn't have to dust them, do they?
They should make shutters for the panels so they don't get damaged in severe weather.

Also, it's easy to buy a battery system to power the average home, especially if you get HE appliances.
That's also why you're hooked up to the grid. You sell the surplus and draw when it's cloudy, offsetting the profits of the surplus.

PackManBrainlure
PackManBrainlure

@Spazyfool
Net metering is over. You cant sell the surplus anymore

RavySnake
RavySnake

@PackManBrainlure
In the whole country?

takes2long
takes2long

@Stupidasole

Agreed. Solar panels may have a future, but they just aren't that useful now, too many what-ifs and drawbacks.

The biggest problem with solar is that the energy cannot be stored. They are drawing in plenty of energy from the sun, and not all of it is being used, but the excess cannot be stored by the home for use when the sun isn't out.

If this problem could be fixed solar would change the world.

Methnerd
Methnerd

@RavySnake
I know it is in CA

Nojokur
Nojokur

@CodeBuns
Tesla is looking sketchy lately though :-/

SniperWish
SniperWish

@Nojokur
How so?

LuckyDusty
LuckyDusty

@Lunatick
I thought china was creating solar panels at like half the cost. Can scty really compete?

King_Martha
King_Martha

first solar. wait 3-5 months

Raving_Cute
Raving_Cute

I'm in construction and I've only ever seen SunPower panels going in. Maybe Solar City has some confusing busineds model like most of Musk's companies, but I have never seen their panels in the field

TalkBomber
TalkBomber

@Lunatick
It's risky. Remember what happened to SUNE?

New_Cliche
New_Cliche

@LuckyDusty
YGE nearly doubled in price in the last month. Wish I could have bought some, but it's Chinese and we all know they're having some economic woes.

Bidwell
Bidwell

@SniperWish
Having constant overly optimistic future projections isn't a good thing

Elon and his meme magic may be able to get away with it right now since the economy is good, but in the next economic downturn, investors won't be happy when they're still losing money on Tesla and he's still not making his projected benchmarks

Deadlyinx
Deadlyinx

@TreeEater
http://www.solarcity.com/residential/backup-power-supply
this is the gamechanger. if i had money to invest i would, these batteries (which were created for the cars) are going to be as essential as a water heater soon and going to economically kill dirty energy.

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