Generally, Homeowners Prefer Solar Purchase Option! This Option Allows Homeowners to Take Full Advantage Out of Federal Tax Credits & Of Course Solar Power System Ownership!

Home Solar Options

Today, most Americans have options for going solar. It’s important to understand the choices available to you under state law and the policies of your electric utility, the differences among those options, and selecting the right one for you. The main options available today are bulleted here and explained further below:
• Purchase a solar system (with cash or a loan) and own both the system and all the power it produces
• Lease a system, usually for a monthly rate, and own all the power it produces
• Enter a “power purchase agreement” (PPA) to buy (in price per kWh) the electricity the system produces

Purchase

You can purchase a solar system outright with cash or a loan. When you buy a system, you are the owner of the system and benefit from all the electricity it produces. You are usually responsible for system upkeep, although most residential solar systems require no to low maintenance and Solar Ray USA offers maintenance services on purchased systems. In most jurisdictions, you also are the beneficiary of any tax credits or other incentives that promote solar energy. If you sell your home, you may include the system in the sale just like any other major home component

Energy Storage

Consumers are increasingly interested in pairing solar with energy storage (“solar-plus-storage”). Batteries are currently the most common energy storage product for homeowners. Energy storage is charged when power is available and releases the stored electricity when needed. You may look to install solar-plus-storage systems for backup power during a power outage, provided you choose the correct type of storage system. Or you may want storage to control your electricity generated by the solar system when connected to a utility: and your utility rate depends on the time of day; that imposes fixed charges based on your peak usage during a short period of time during the month that’s difficult to control without storage or that compensates you for any excess electricity generated by your solar system below retail rates. This can get complicated quickly, so be sure to ask your Solar Ray USA solar professional about the pros and cons of solar plus-storage in your area to make the right decision.

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