Ean GoodguyAugust 9, 20182330
Leasing Vs. PPA's For Your Solar Panel System
Have you ever had a lawn that just kept dying? I have been trying to keep my lawn alive for 4-5 years. I live in a high-traffic area in the middle of the city. My lawn is the regular spot for neighboring dogs to urinate, and for vagabonds to walk across, throwing their jerky wrappers and Slurpee cups. I have re-fertilized the soil 3-4 times, re-seeded, and improved the sprinkler system. However, it's still a work in progress. Now, like many things in life we all want a low maintenance situation around the house. Our lives are already maddening enough, why must we have more to do! Well, if you were thinking of adding solar panels to your home or business, solar financing is an excellent option for a low-maintenance solar energy system. Many solar installers promote solar leases or power purchase agreements (PPAs) as a simple way to lessen your electricity bill. If you are interested in a simple, low-maintenance alternative for installing a solar energy system on your home, leasing solar panels is a good choice for you.
Solar Leases And PPAs Defined
While the titles “solar lease” and “solar PPA” are used reciprocally switched on this page and are very comparable in usage, there is a key difference between the two. With a solar lease, you consent to pay a fixed monthly “rent” or lease fee, which is calculated using the predicted amount of electricity the system will produce, in exchange for the freedom to use the solar energy system. With a solar PPA, instead of spending to “rent” the solar panel system, you agree to buy the power generated by the system at a set per-kWh price.
You have several solar leases and PPA opportunities available to you.
Many are $0-down arrangements, but some need a down payment or ask you to pay upfront. You can anticipate 10-30% savings over the price of your utility electricity bill. With a solar lease, you do not hold ownership over the solar panel system on your property. If you approve a solar lease or solar PPA, the tax credits and other financial incentives go to the owner of the system (not you). The HahaSmart price checking tool can help you locate and evaluate your solar lease and PPA options, as well as outstanding quality pre-screened solar installers.
Sola Leases And Solar PPAs Agreements
Solar leases and solar PPAs are comparable to renting your solar panel system. You agree with the solar leasing company that empowers you to the advantages of the system (i.e., the energy that the solar panels generate) for the term of the contract, which is commonly around 20 years.
Under these agreements, the solar leasing company controls and maintains your solar panel system, so it is qualified to the rebates, tax breaks, and financial incentives that are possible for the solar panel system. Consumers can indirectly benefit from those savings through cheaper electricity rates.
Terms Of PPA's
The composition of your agreement will vary somewhat depending on the type of solar lease/PPA you want. Solar leases and solar PPAs come with $0-down, prepaid, and custom down payment alternatives, and are open to customers in about 25 U.S. states. Lease and PPA terms range significantly by state and by an installer, so examine multiple options to ensure that you choose the financing choice that best fits your requirements.
Move into the future with solar with the help of HahaSmart., Try our price checker tool and see how affordable solar really is. We can also help find qualified solar installers who can help save you money on the cost of going solar.
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