If you are one of the skeptics out there who thinks this sounds like a scam this article may help you to understand what customers are actually getting when they sign up for no cost solar panels and installation.
Getting paid to sign up solar panels customers.
Solar lease billing and power purchase agreements ppa.
You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.
Solar produces energy at a fixed cost while pg e increases their prices every year.
For many homeowners adding solar panels to their property provides major savings and improves the value of their home.
There are some upfront incentives available for customers on low incomes and some available for new home construction.
There may be some upfront incentives available for customers on low incomes or other specific circumstances but none for general residential customers.
With net metering you are also able to get credits per kwh of electricity your solar panels produce.
After the system is paid off it generates electricity for free.
Your solar system will pay itself off in typically 5 7 years.
Net metering is a policy whereby the utility compensates homeowners for the excess power they produce at the same rate the customer pays for the power they purchase from the grid.
Aps says the program gives limited income customers access to rooftop solar panels which are installed at no cost to them.
The contract in a solar lease stipulates that your solar provider fund the financing permitting and installation of a home solar system for little or not cost.
The feed in tariff has been very successful in germany which has been the most successful country in the world in encouraging people to install solar panels at their home.
As is the case with most utilities around america duke energy florida no longer offers up front cash incentives paid by the utility to encourage their customers to install solar panels.
Most states have adopted net metering laws as a requirement for electric utilities operating in the state.
Each offers its own advantages.
As is the case with most utilities around america tampa electric no longer offers up front cash incentives paid by the utility to encourage their customers to install solar panels.
After that you are producing free electricity.
Utilities companies may also voluntarily offer a feed in tariff just like the one offered by dominion virginia power as reported at www eia gov.
Power purchasing agreements solar ppas are similar except instead of renting the equipment for a set fee each month you buy power from the installer at a flat rate per kwh.
Households that choose to rent solar equipment have two primary choices.
Residential customers get 30 off their monthly power bill for participating.
That free electricity adds up over time.