The cost of purchasing a photovoltaic installation may seem high, but once you have tax credits and exemptions, rebates, carve-outs and the ability to sell the surplus electricity that is recovered to your utility, these costs will be greatly offset. There are a number of options to produce solar energy, but there are also more opportunities than ever to store electricity, and – thanks to leasing and solar leasing – more options than ever before to put affordable solar energy in the hands of the masses. Once installed, you pay a monthly fee to the leasing company for the electricity generated by the plates. Here, leasing and PPAs differ: the installation of solar electricity through an AAE is done at the expense of solar rebates, such as the federal renewable energy tax credit, which can amount to thousands of dollars in relief costs. This can significantly increase your return on investment, which means it can take a lot longer before your equipment is technically profitable. And you have to do anything with devices that already have several years in their lifetime. The structure of your contract varies slightly depending on the type of solar/AAE lease you choose. Solar leasing and solar PPAs are available with 0-down, prepaid and customized down payment options and are available to consumers in about 25 U.S. states. Rental and PPP conditions vary widely between the state and the installer, so explore several options to make sure you choose the financing choice that best suits your needs. Under solar leasing and PPAs, your solar installer builds a system on your land, then charges you a monthly fee to use the electricity that generates electricity.
These contracts allow homeowners to go down solar without money, but the compromise is a much lower yield over the life of the system. They want to do solar… Do the right thing. Your attention is captured by the screaming ads that say that solar can save you money, mannequin. The problem is… You don`t know how it works. Who`s ever bought a power plant? So if a salesman knocks on your door and tells you that he can hit those discs on your house, and that his company will be responsible for them for 20 years, and he guarantees that he will save you money… You`re listening to me. It is called the Power Purchase Agreement (AAE), he explains; it limits your obligation to purchase the output of these panels, while your savings are guaranteed by, say, 20% on the supply prices for the life of the program. So you will have savings, solar, and will never have to take care of them, see?….
What`s not to like?! Just cut to the chase: for most homeowners, a solar rental or electricity purchase contract (PPA) will be somewhere between average and terrible for the owner.