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this post was submitted on 30 Sep 2023
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I have a 25 year loan so it will take 25 years to pay it off. But that isn't really a problem because if I didn't have the solar loan, I would still be paying more money every month to the electric company instead of the loan company.
If I have to move before the loan is paid off, I can transfer it to the new owners when they buy the house, or simply raise the price of the house when I sell it and pay off the solar loan then, just as I would be paying off the remainder of the mortgage.