There are many options when it comes to Solar. However, my job is to make this process as easy and simple as possible. Instead of bombarding you with thousands of choices, I break it up into three simple options.
Now in order to understand which option is best for you, you must first understand what each option means. Although each options has the same goal for saving you money, you (The Consumer), may want to go about it a different way on how you pay or own the system.
As you see here, it’s crystal clear. All you need to worry about is paying the low cost energy bill until you are ready to actually purchase the system.
As you can see the 30% tax credit has been around for more than a couple of years, but is now slowly fading away. So don’t wait too long, because after 2021 the solar tax credit is completely gone for homeowners.
PPA ( Power Purchase Agreement)
In order to understand if you are wanting to own the system, you must first ask yourself the three basic solar questions:
1.Do you want to take advantage of the 30% Tax credit?
2.Are you looking to raise value in your home?
3.Do you want to start owning your system as soon as possible?
If you answered yes to any of these questions, then you are possibly looking to buy.
Now also remember that the 30% Investment Tax Credit reduces next year. I’ll show you in a clearer format with the diagram below.
All options are great. You just have to find what need is best for you and your family. All options are designed to help you in the long run. If you can learn your system and maintain it properly, Solar will be your best friend.
Honesty is the best policy.
That’s why we are different. Not only do we get you the best deal, but we also prep you so you understand and know how to work your system.
Don’t be afraid and give us a call today to get your free estimate!
1. Are you wanting all the solar benefits but not sure if you’re ready to buy?
2. Are you okay with not having the ITC kicked back to you and having someone else be responsible for the entire solar system with guaranteed warranties?
3. Are you still wanting the option to buy later on?
If answered yes to any of these then you are leaning towards a PPA agreement. Which is what most solar buyers purchase.
To have a better understanding of how PPA works; see the diagram below.
Solar Options ✅
So I’ll just get right to it. Do you want all the solar benefits but NO responsibilities for the system?
Then lease is the way to go. You still get all the benefits except the responsibility.