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Solar Energy Benefits

Solar energy is the most abundant source of energy available for mankind to use and presents several benefits to society and to our planet. With that, the solar PV systems:

  • Are a renewable source of energy;
  • Have zero carbon emissions;
  • Save you money from utility bills;
  • Increase your property value;
  • Reduce our dependence on fossil fuels;
  • Increase the resilience of our electric system.
  • Look beautiful when installed on your property.

Governmental Incentives

Due to the fact the solar energy is a new technology, the United States government as well as of many other countries around the world are creating programs to incentivize the installation of solar systems.

These incentives can either bring the initial price of the equipments down (as rebate or tax credits) or provide a revenue stream over the first 10-20 years of the system operation (as Feed-in Tariff and Renewable Energy Credits) offered by some States.

Financing Options

Different types of financing options were created and are partially responsible for the growth of the solar industry as it reduces or eliminates the need of an initial investment to build the system. The main financing plans for solar projects are:

  • Loan: when the property owner owns the solar system and receives all the governmental incentives, while paying a fixed monthly amount for 10-30 years;
  • Leasing: when the financing institution owns the solar system and receives all or some of the governmental incentives and get paid monthly for 20 years;
  • PPA: is the acronym of ‘Power Purchase Agreement’ and works exactly as the leasing except for the fact that the payment amount vary monthly based on the energy generated each month (in kWh).
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