So what’s the catch? This is the question I get ALL the time when it comes to [solar-as-a-service/third-party-owned/PPA].
So let’s quickly break down the business model to help understand why it’s so unbelievably popular.
People are looking for other ways to buy power because the utilities keep charging more and more for it each year.
- The old method is to take a chunk of savings, or a loan from the bank to buy a set of solar panels, and a battery. It’s expensive and not to mention you’re responsible for maintenance, you replace things when they break, and you gotta keep tabs on it to make sure it generates enough power for your home.
- The new method is [solar-as-a-service/third-party-owned/PPA], where a solar company puts a system and battery on your home. You don’t pay for the system, any of the monitoring, or any of the upkeep. All you do is agree to buy the power the system produces at a set price, often a lot lower than utility rates, and that rate is protected over the life of the system.
The solar company now has a way to recoup their investment and you have the flexibility to use your hard-earned capital elsewhere, and you can sell your home without the typical hooks that come with loans or leases.
Still think there’s a catch? Feel free to check out my pinned videos to learn more or comment [keyword] to see if this might be a fit for you.
Made with Bullet