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Solar can help you lower your overall electricity bill. When your solar system is sized right for your typical electric usage, a customer will likely see savings on their electricity bill.
Consider how long you intend to be in or own your home, school, or business, when calculating the economic opportunity and commitment of Distributed Generation and the financing options for a Distributed Generation project. The terms of your contract with the Approved Vendor, REC contract, and loan commitments are important to consider.
Whether your DG project is sited on a rooftop or ground mounted may be dictated by your preferences, roof and terrain considerations, permitting, aesthetics and costs.
Rooftop systems can be slightly more challenging to install and repair, may affect your roof warranty, and may not be viable depending on your roof condition or materials, timeline for roof replacement, and the angle and direction your roof faces or the shading it experiences. But rooftop solar projects may actually protect your roof by absorbing the rays of the sun, save space, and can typically cost less to install as they utilize existing building infrastructure.
Ground mounted systems can be more expensive to install, can take up more space, and create property care challenges. But ground mounted systems may be more effective at capturing sunlight based on siting and angling, can be easier to expand and to maintain, and generally offer better performance due to increased airflow.
Tabs (on light bg)
Solar can help you lower your overall electricity bill. When your solar system is sized right for your typical electric usage, a customer will likely see savings on their electricity bill.
Consider how long you intend to be in or own your home, school, or business, when calculating the economic opportunity and commitment of Distributed Generation and the financing options for a Distributed Generation project. The terms of your contract with the Approved Vendor, REC contract, and loan commitments are important to consider.
Whether your DG project is sited on a rooftop or ground mounted may be dictated by your preferences, roof and terrain considerations, permitting, aesthetics and costs.
Rooftop systems can be slightly more challenging to install and repair, may affect your roof warranty, and may not be viable depending on your roof condition or materials, timeline for roof replacement, and the angle and direction your roof faces or the shading it experiences. But rooftop solar projects may actually protect your roof by absorbing the rays of the sun, save space, and can typically cost less to install as they utilize existing building infrastructure.
Ground mounted systems can be more expensive to install, can take up more space, and create property care challenges. But ground mounted systems may be more effective at capturing sunlight based on siting and angling, can be easier to expand and to maintain, and generally offer better performance due to increased airflow.
Info Columns
System Purchase
Customer buys the system outright, either via upfront payment or through a loan. Ownership includes all financial benefits that accompany a system including net metering credits—which are financial credits that can be earned when a system generates more electricity than it uses—as well as all responsibilities, such as ongoing maintenance. Loans to finance an installation may be traditional home equity loans or can be specific solar loans issued by banks or other institutions, or via some solar installers.
Power Purchase Agreement (PPA)
Customer pays monthly for the electricity generated by the system using an agreed upon price-per-kilowatt hour. A PPA may not have large upfront costs like an outright purchase and may yield immediate savings if the price the customer pays for the electricity from the panels is less than they would have paid to buy the electricity from the utility. The amount paid per kilowatt hour may change over time, so the customer should review the agreement closely.
Lease
Much like leasing a car, the customer makes monthly payments for the use of the solar system, while the ownership lies with the Approved Vendor or installer. There may be no upfront cost, allowing customers to save immediately if the value of the electricity is more than the cost of the lease. Lease payments may change over time, so the customer should review the agreement closely.