Your solar system will pay itself off in typically 5 7 years.
Getting paid to sign up solar panels customers.
Solar produces energy at a fixed cost while pg e increases their prices every year.
There may be some upfront incentives available for customers on low incomes or other specific circumstances but none for general residential customers.
Going solar is a major step towards a more sustainable energy source and monthly utility savings.
That free electricity adds up over time.
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.
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.
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.
After the system is paid off it generates electricity for free.
You pay a flat monthly fee and get to use 100 of your system s production.
Households that choose to rent solar equipment have two primary choices.
There are some upfront incentives available for customers on low incomes and some available for new home construction.
Residential customers get 30 off their monthly power bill for participating.
With net metering you are also able to get credits per kwh of electricity your solar panels produce.
After that you are producing free electricity.
For many homeowners adding solar panels to their property provides major savings and improves the value of their home.
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.
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.
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.
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.
Most states have adopted net metering laws as a requirement for electric utilities operating in the state.
Will i get paid if my solar system produces excess energy.
Each offers its own advantages.