4 Frequently Asked Questions about “Home purchase of solar power - Shore Power Energy”
Why should you buy a solar-powered home?
How exciting! Owning a solar-powered home can help you save on your energy bills, reduce greenhouse gas emissions, and be more energy independent. And thanks in part to investments from the Solar Energy Technologies Office, the cost of solar energy is coming down every year.
Should you buy or sell a home with solar power?
If you want to use solar power for your home, your options include buying a system, leasing a system, or signing an agreement to buy solar power. Before you agree to anything, know what you're getting. Depending on the option you choose, you might get certain tax breaks or need to take extra steps before selling your home.
What is a solar power purchase agreement (PPA)?
A solar power purchase agreement (PPA) presents a similar situation to a lease, per EnergySage. You'll pay for the solar energy you use as opposed to a fixed rate. Both a lease and a PPA will need to be transferred over, and in both cases there is room to negotiate. Watch now: How bad is a gas stove for your home's indoor air quality?
Should you buy a home with leased solar panels?
Lucky for new homeowners, energy savings start immediately, and they can explore how to get paid for generating clean energy. Purchasing a home with leased panels is more complicated. If you're buying into a lease you'll want to explore the monthly payment terms, buyout options, annual rate increases, and cancellation penalties.
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A solar power purchase agreement (PPA) presents a similar situation to a lease, per EnergySage. You''ll pay for the solar energy you use as opposed to a fixed rate. Both a lease and a
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