Why Your New Electric Bill Will Shock You (After Installing a Home Solar System)
With the concept of solar comes a level of skepticism. People often feel this way about things that they don’t understand, and as solar is still relatively new, many have not done their due diligence in research to grasp how it works — including the benefits and savings potentially available to them.
First, if you’re tied to the grid, you’ll always have two bills. This should be explained to you when you first sign your solar agreement. You’ll receive a solar bill reflecting how much clean energy you’ve generated in the past month, and then a separate bill from your utility that outlines what you had to use from the grid when your solar system doesn’t reach 100% offset (the time of year, length of daylight, and abundance of sunshine can affect your offset). The bill could fluctuate based on which solar agreement you signed up for — your payments on a lease will never change, while with a PPA loan (power purchase agreement), you pay for the power that you've produced, so the number could fluctuate slightly month to month.
Second, you may be surprised by just how much you’ll end up really saving each month. There are a lot of solar installers that will help you go solar for $0 out of your own pocket if you sign up for a solar lease or for a PPA (power purchase agreement). If your home qualifies, you literally don’t need to do anything — the company you’re working with will help you every step of the way. Installation is almost always free, most agreements come with complimentary maintenance and monitoring, and some companies will even offer wholesale roof repairs or replacement and any necessary tree removal in order to prep you for solar. What some companies would typically "disqualify" you for, other installers will guide you through in order to help you achieve cleaner enery production and monthly savings. Depending on your needs, the Team at Home Solar Incentives can help connect you with a local installer that will fit your needs as a homeowner.
Because every homeowner is different, the solar sales representative will help outline the best financial option for your home solar system based off of a few factors:
- Your municipal utility
- How much roof space you have
- Azimuth (the direction your roof is facing),
- Roof pitch (how steep or flat it is)
- How much shading is on your roof and property
The representative will then create a proposal for you based off of the following data:
a) How much electricity you use
b) Your utility rate from your power bills over the last 6-12 months
c) How many panels they project that they will be able to install, using satelitte imagery
Some companies are able to help their customers receive up to 40% every month — imagine how much you can save over 20-25 years! The represenative will identify which financial option will save you the most money over time.