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