If you are one of the skeptics out there who thinks this sounds like a scam this article may help you to understand what customers are actually getting when they sign up for no cost solar panels and installation.
Getting paid to sign up solar panels customers.
Residential customers get 30 off their monthly power bill for participating.
As is the case with most utilities around america tampa electric no longer offers up front cash incentives paid by the utility to encourage their customers to install solar panels.
You pay a flat monthly fee and get to use 100 of your system s production.
With net metering you are also able to get credits per kwh of electricity your solar panels produce.
That free electricity adds up over time.
The contract in a solar lease stipulates that your solar provider fund the financing permitting and installation of a home solar system for little or not cost.
Aps says the program gives limited income customers access to rooftop solar panels which are installed at no cost to them.
After the system is paid off it generates electricity for free.
Utilities companies may also voluntarily offer a feed in tariff just like the one offered by dominion virginia power as reported at www eia gov.
Your solar system will pay itself off in typically 5 7 years.
Net metering is a policy whereby the utility compensates homeowners for the excess power they produce at the same rate the customer pays for the power they purchase from the grid.
Most states have adopted net metering laws as a requirement for electric utilities operating in the state.
Power purchasing agreements solar ppas are similar except instead of renting the equipment for a set fee each month you buy power from the installer at a flat rate per kwh.
For many homeowners adding solar panels to their property provides major savings and improves the value of their home.
There may be some upfront incentives available for customers on low incomes or other specific circumstances but none for general residential customers.
The feed in tariff has been very successful in germany which has been the most successful country in the world in encouraging people to install solar panels at their home.
Solar lease billing and power purchase agreements ppa.
After that you are producing free electricity.
Will i get paid if my solar system produces excess energy.
Solar produces energy at a fixed cost while pg e increases their prices every year.
You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.
Going solar is a major step towards a more sustainable energy source and monthly utility savings.
There are some upfront incentives available for customers on low incomes and some available for new home construction.