Exploring Solar Panels–2

Okay, I guess we’re still talking about solar panels, cuz apparently that’s what’s on your radar right now. So cool–let’s keep talking.

I bet it’s because we want to do something in the face of climate change. But what? I suspect that people want to be proactive; not passive bystanders. But how? There is only a limited number of changes we can make in our personal lives to impact climate change. Installing solar panels is one of them. It’s proactive; it is doing something. It’s a tangible action. It puts us in the game.

In the last blog post, we talked about buying solar panels. Guess what–it’s not the only option.

Sudheer, one of my blog followers, sent me this information. If you can’t or don’t want to buy solar panels, he explains two other options.

Option #1
“The most popular is a zero-down option where a solar installer installs the panels for free, but the homeowner pays the solar company a pre-determined rate per kilowatt-hour for the energy the panels. This is called a power purchase agreement. The rate per kilowatt-hour increases each year, but usually not more than 2.9% a year, which is supposed to be lower than the average annual historic rate of increase in energy prices. This kind of agreement is usually for 20 years.

Option #2
There’s also a partial pre-pay power purchase agreement (say that 3 times fast! :)) where the homeowner can put some money down initially to get a fixed energy rate for 20 years. This is a better deal in the long run than the zero-down option. This is what my parents opted for in their house (where I also live). I think my father put down $1000 or $1500.”

Thanks, Sudheer!

Check it out. Are solar panels your thing? Let me know.

 

2 comments on “Exploring Solar Panels–2

  1. In Illinois there is about to be another option and that is buying into a remote solar farm to offset the electricity you use when you cannot put panels on your site due to shade, living in an apartment, etc.. Prairie Power is building two farms. Others are looking for 5 acre spaces in the Chicago area.to do so.

  2. As Mary stated in her comment, there are third party generators of clean energy that will sell you wind or solar energy which your utility then delivers to you. If you do not have a roof, or your roof is shaded and not viable for solar, you can still power your home with 100% clean energy.

    Combining clean energy for your home and an electric car is the single most effective action you can take to solve the climate change problem.

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