02/02/2023
***AVAILABILITY***
TRANSPARENCY IS KEY.
The programs available to you, are as follows.
Cash Buyout - Avoids Dealer Fee's, organized installments over the course of the Project; Typical Pay Structure is:
10% Down
40% Upon Install
40% Upon Inspection
10% Upon Activation
Pros: MOST COST EFFECTIVE WAY TO ENCOMPASS RENEWABLE ENERGY, OWNERSHIP TO TAX CREDIT, ROI OF 4-7 YEARS
Cons: OUT OF POCKET EXPENSE
Finance - Finance an HIL (Either Construction or Utility Loan), typically transferable (see if Const. Lien was filed or UUC-1 Utility Filing), no Pre-Payment Penalties (ROI 5-8 Years).
Pros: OWNERSHIP RIGHTS, LENDER WARRANTIES, ITC AVAILABILITY
Cons: POTENTIAL LIEN (IF NOT FILED UNDER A UCC-1), LENDER FEE'S AND INTEREST
Traditional Lease - Forfeit ITC Collection, no buyout clauses, 5 year Terms after initial Agreement is fulfilled. Typically includes 2.9% Inflation Escalator
Pros: NO OUT OF POCKET EXPENSE
Cons: NO OWNERSHIP RIGHTS, NOT INFLATION PROTECTED
'EZ' PPA - Technically a Leasing Program, company ownership, basically switching your supplier to Lender for a much lower combined (supply+delivery) rate, and is Fixed Value Billing for easy budgeting. Typically has a Buy-Out Clause for a FMV Purchase after 5 years.
Pros: NO OUT OF POCKET EXPENSE, IMMEDIATE SAVINGS ON UTILITY COST, CONSIDERED UTILITY FOR DTI AND SELLING PROPERTY,
Cons: TYPICAL 2.9% INFLATION ESCALATOR, FORFEIT RIGHTS TO COLLECT TAX INCENTIVE
Traditional PPA - Same as an 'EZ' but you're billing fluctuates depending on the amount of power consumed for the Billable Cycle Term.
Pros: SEE 'EZ PPA'
Cons: SEE 'EZ PPA'
BASA (Buy All Sell All) - Leasing program that allows you to collect a "Space Fee" from a company to use your home as a Grid Energy Provider.
Pros: GET PAID TO PUT SOLAR ON YOUR ROOF
Cons: FORFEIT OWNERSHIP RIGHTS TO POWER AND SYSTEM, NO BUYOUT CLAUSE, NO TAX INCENTIVE AVAILABILITY
We encourage you to shop around and find a reputable way to adopt Renewable Energy, in a means that FITS YOU SPECIFICALLY!
There are no "One Size Fits All" for Solar, feel free to reach out or engage if you're curious about which option is best for you. Virtual Consultations available upon request with ABSOLUTELY NO OBLIGATION!