Dave Ramsey Criticizes People Taking On 18% Loans For Solar Panels. He Says Chasing Tax Breaks This Way Is 'Mathematically Stupid'

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On a recent episode of “The Ramsey Show,” personal finance expert Dave Ramsey criticized people for taking out loans with interest rates as high as 18% just to get a government incentive. “A bunch of people are running out right now and financing solar units at 18% so they don’t miss the tax break. Stupid. Mathematically stupid,” he said.

Tax Breaks Don’t Justify Bad Math, Ramsey Says