Differences Between Solar Lease and PPA Billing
Households that choose to rent solar equipment have two primary choices : solar lease charge and power purchase agreements ( PPA ). Each offers its own advantages .
Solar Lease Billing
The narrow in a solar lease stipulates that your solar provider fund the finance, permitting and installation of a home solar system for little or not price. It then charges you a monthly rate for its use during the duration of your lease term.4
hera are the chief features of the agreement :
- Your solar company owns the system.
- You pay a monthly amount to lease the system, while benefiting from the energy it produces.
- Solar leases often include maintenance, repairs, system monitoring and insurance for the duration of your plan.
With Sunrun ’ randomness BrightSave Monthly, you ‘re completely covered under a comprehensive guarantee. BrightSave Monthly passes down incentives, rebates and tax credits to you in the form of a lower solar lease placard. This makes it an ideal plan to secure long-run peace of heed.
Solar PPA Billing
A PPA is a narrow in which your solar supplier handles the finance, permitting and initiation of a solar system on your place for small to no cost.5 You then agree to purchase the office produced by the panels at a fixed price per-kilowatt-hour .
In PPA charge :
- Your solar company owns the system.
- The system’s expected annual output sets the price you pay for your energy.
- You can choose to pay a monthly or prepay upfront for all the expected production. Unlike plans from other providers, Sunrun’s monthly PPAs feature fixed monthly bills, regardless of production. Any overproduction is yours free of charge.
Both monthly and prepay PPAs can besides include maintenance, repairs, system monitoring and insurance for the duration of your plan. A postpaid PPA, like Sunrun ’ s BrightSave™ Prepaid, besides accounts for the federal solar tax credit,6 so it feels like buying a system, but without the fuss of dealing with IRS forms. It simplifies your life with bumper-to-bumper coverage over the life of the product.
Are Solar Lease and PPA Plans Worth It?
Solar energy is one of the best ways to offset your future electricity bills with broken to zero upfront .
rooftop installations have skyrocketed, and there are now closely 1.6 million residential solar systems in the U. S. Every 90 seconds, a raw homeowner is going solar somewhere in the country.10 With a PPA or lease, you can join the millions of households going solar with long-run peace of mind against rising electricity bills .
What Happens With Net Energy Metering?
net Energy Metering ( NEM ) is a charge mechanism that allows you to store energy in the electric grid. When your solar panels produce more electricity than you need, that energy is sent to the grid in exchange for credits. then, when your home plate solar system international relations and security network ’ triiodothyronine producing vitamin a much electricity as you need, you pull energy from the grid and use these credits to offset the price of that energy. Check your local utility to see if NEM is available to you.
Peace of Mind for Years to Come
Sunrun ’ s solar leases and PPAs spare you the high upfront costs of a home solar organization. We offer you professional installation, maintenance, monitoring, along with insurance during the distance of your compress. And if you sell your home, we guarantee a seamless agreement transfer for the new buyer/owner of the property .
Installing solar panels on your roof besides helps the environment by reducing your carbon footprint.11 The environmental benefits, combined with the fiscal returns, make solar a chic choice .
If you ’ re considering a lease or PPA plan to get your newfangled residential solar system, we recommend using Sunrun ’ s solar cost app or request your complimentary quote today .