Despite some of the bad publicity about a few Solar companies, specifically Solyndra, the industry overall is very healthy and provides significant financial and environmental benefits to homeowners and businesses.
There are 3 good reasons why now is a good time to go Solar – it’s all about saving on your utility bills.
- You can save immediately on your electric rate, and lock these rates in for 20 years with a Power Purchase Agreement! This is very attractive when utility rates continue to climb at 3-5% per year
- Current Lease and Power Purchase Agreements do not require an upfront investment – a huge hurdle for many
- Panel prices have come down significantly and Financing companies can pass this on to homeowners
The two most common ways for homeowners to go Solar are through a standard Lease or a Power Purchase agreement. A Solar lease means a homeowner will have the system installed on their roof, or in their yard, and a pay a flat monthly rental fee for the use of the electricity generated by the system. A Power Purchase Agreement means the homeowner agrees to purchase the power generated from their roof at a lower cost (per KWh) than the utility provides, and lock in these rates for 20 years or more. This ensures the homeowner will have a hedge against utility price increases for many years.
So, there’s never been a better time. If you and your home qualify, it makes perfect sense to go Solar! Why do you want to go Solar?