Solar Power technology has been in development since that late 1800s and has been available commercially since the 1950s. As a sustainable form of power, many people believe that although solar panels are an excellent investment in both home value as well as in the environment, they are also too expensive and unattainable for the standard middle-class family. The truth of the matter–you can get solar panels for free!
How it Works and What You Need to Know.
Getting free solar panels is so much easier than you would imagine. With zero money down, developers arrange the design, permitting, financing, and installation of a customer’s panels. The electricity generated from the household’s panels is sold to the customer at a rate lower than traditional electricity. The developer uses the income of these panels in conjunction with tax credits and other incentives to pay off the panels. After the PPA agreement is over (typically 10-25 years), the customer can either extend the agreement, buy the solar panels, or have them removed from the property. Cool, right?
Saving money while saving the planet, what could be better?
By now we’re sure you’re convinced that solar energy is a great choice for you, your community, and your wallet.
Laying it all out on the Table.
Your PPA comes at you at no upfront cost, and provides your household with continuous, predictable energy costs. There are no performance or operating risks, and installation of panels show immediate results on your electric spending. Not only will these panels be a visible display of your dedication to environmental conservation, but you will significantly decrease your family’s carbon footprint while stimulating a portion of your local economy that does the same.
Although your solar panels will be free of cost, your PPA may involve complex negotiations and long-term transaction costs than buying your panels outright. If your panels do not power your entire household, there is the hassle of paying for electricity from a traditional source and your solar developer. Due to an increase in home value, it is likely that property taxes will increase if you reassess your property value. These tradeoffs, however, seem minimal when considering the financial and environmental benefits your panels will lead to.
Are you ready to go solar yet? Your first step is contacting your local solar power provider and talking about their Power Purchase Agreements that are available in your area. From there, you’ll work with them on negotiations, planning out your system, and installing your panels. Once all is said and done, you’ll see immediate savings on your energy costs, and your carbon footprint will immediately shrink. Thanks to PPA and government initiatives towards cleaner, renewable energy, going green has never been easier.