As more San Bernardino County residents consider the benefits of solar power, Option One Solar analyzes the different types of solar finance available in the current market.
Apple Valley, United States - October 20, 2021 /PressCable/ —
Many solar power companies mention Power Purchase Agreements (PPAs) and/or leasing agreements. The new report discusses what these agreements actually mean, giving comparisons to some common home financing options.
More details can be found at: https://optiononesolar.com/long-term-solar-benefits-lock-in-a-fixed-low-payment
Residents of Apple Valley, Victorville, and surrounding areas have become increasingly vocal about the ongoing price hikes imposed by utility companies. Option One Solar advocates for energy independence, and the contractor’s most recent discussion piece suggests some of the most suitable solar panel purchasing choices with that goal in mind.
Southern California Edison (SCE) increased electricity rates in San Bernardino County by an average of $14 per household in 2021. Some outlets suggest that the price of electricity in the region now exceeds the national average by as much as 45%.
Previous discussion pieces have highlighted the merits of residential solar installations as a means of achieving energy independence. With the latest analysis, however, Option One Solar explains why not all solar agreements will have this outcome.
Readers are introduced to the concept of Power Purchase Agreements, which the author likens to an adjustable rate mortgage. While such an agreement provides homeowners with solar panels on their property, the report points out that residents still have no ownership or control over the equipment. Furthermore, they have no control over the rates that might be charged for their solar power in the future.
The benefits, then, of a relatively inexpensive solar installation are offset by a lack of independence that the panels were meant to provide. In addition, Option One Solar states that homeowners entering into a PPA or leasing agreement will not receive any of the tax or rebate incentives offered by the government. Those are taken by the company who installed the system.
The report concludes by advising the two most viable options for attaining true energy independence through solar power. Payment in cash or a fixed-term financing agreement provides households with full ownership of their system, as well as the long-term stability and control of costs that this entails.
Option One Solar offers the latest in-ground and roof-mounted solar solutions to homes and businesses throughout San Bernardino County. The contractor offers a range of financing options that can assist clients in attaining full control over their future electricity costs.
Interested parties can learn more by visiting: https://optiononesolar.com/long-term-solar-benefits-lock-in-a-fixed-low-payment
Contact Info:
Name: Scott Thomas
Email: Send Email
Organization: Option One Solar
Address: 13581 John Glenn Rd, Ste. A, Apple Valley, CA 92308, United States
Phone: +1-855-502-6363
Website: https://optiononesolar.com/
Source: PressCable
Release ID: 89047576
