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Getting Personal
Getting Personal
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I think the real answer for the homeowner in Minnesota is to research a loan from Farmers Home. This type of loan is specifically for people in rural areas. While FHA may be moving more toward eco mortgages they do not do land with more than a few acres. Farmers Home officials should also be more experienced with properties that have fewer comparable sales. Farmers Homes website can give them more information on Loan amounts, income info and let them know if their property is in an area covered by Farmers Home.
Tannon Hardy
Mundy Realty, Inc.
Winston-Salem, NC
I also have enough solar panels to provide my own electricity but decided to stay connected to the electric grid. We get money back from the local utility for the electricity we don't use. We would not have been eligible for the rebates we received for installing the system if we were not grid connected. We got a rebate of $32,000 towards the $46,000 cost. We pay a $6 a month grid connection charge but get about $700 back for the electricity we sell back to the utility. We considered being off grid, but the cost and maintenance of the batteries was not cost effective. The only downside to being grid tied is that when the power goes out we also lose our electricity. (The system is designed this way to protect utility workers repairing downed lines.) The alternative is to buy what amounts to a UPS the size of a refrigerator to give us back up power when the grid goes down, which fortunately is not too often here.
