The history of solar energy is as old as mankind. In the last two centuries, we started using Sun’s energy directly to make electricity. In 1839, Alexandre Edmond Becquerel discovered that certain materials produced small amounts of electric current when exposed to light. Photovoltaic, or PV for short, is the word that describes converting sunlight into electricity: photo, meaning pertaining to light, and voltaic meaning producing voltage. It took more than 100 years for the concept of electricity from sunlight to become more than an just an experiment.
Did you know that the Sun provides enough energy in one minute to supply the world’s energy needs for one year and that in one day, it provides more energy than our current population would consume in 27 years! In fact, “The amount of solar radiation striking the earth over a three-day period is equivalent to the energy stored in all fossil energy sources.”
Right now you have no control of what your Utility Company will charge you and the only thing we do know is that Utility rates will continue to go up. Utility rates have increased by 6.7% over the past 30 years, and some local Utilities are averaging over 15% over the past few years. If this trend continues, you can expect your bill to double every 4-5 years which is ridiculous, it’s time for you take the power back!
There are now multiple ways to go Solar, including Zero Down options which lower your costs from day one. All of your options to go Solar are better than sticking with your Utility company so now is the time to start paying yourself instead. Compare the options below to see what works best for you.
The leasing company owns the system on your roof.
You pay a monthly amount to “rent” the system and use the energy you produce. For many customers, their lease and remaining utility bill are lower than their previous electric bill. System performance is guaranteed for 20 years and if something breaks, we’ll fix it. When you sell your home, you can assign your lease to the new homeowner.
You own your solar system and pay for it with a loan.
Over time, you repay the loan amount on a monthly basis. For many customers, the combination of the loan payment and the remaining power bill is less than their previous electric bill. You keep the solar tax credit and any state and local incentives for which you may be eligible. Loans can range from 5-20 years in length and you can pay of your loan any time without a penalty
You own the system and the energy
The simplest path to the most solar savings is to purchase your system directly. A home equity loan can also be used and may be tax-deductible. Over time, your system will pay for itself with savings on your utility bill.