Shared Solar - Is This Option Right For You Or Not?
Shared solar plans allow multiple solar energy users to participate or belong to a solar energy program located somewhere else in the neighborhood. Many participants receive a discount on their monthly electric bill for part of their share of the clean, free energy generated. They also benefit from the savings created by everyone participating in the program. Visit this site for more details on Strata solar experts.
To start, you contact your local utility company to find out if they offer any solar programs. Most utilities do have programs for solar energy and some even offer them at no cost to residents. Once you find out if your utility company offers shared solar plans, call them up and ask if they have any programs that may be of interest to you. You will need to provide your name and address, contact information for the other solar energy users as well as their phone numbers.
If they do offer shared solar plans, the utility company may offer to help make the program work. In most cases, the program will require participants to sign a contract for a period of time. This contract will specify how much energy is produced from the sun and how much utility money will be generated from the shared solar project. Before you sign the contract, get the agreement and go over it carefully. You don't want to sign anything that may be hard to reverse later down the road.
After you have found a few different companies to work with, it's time to go visit the provider's offices. At this meeting, you are usually offered an estimate of how much energy each participant will produce. This number is then compared to your home's electrical consumption. Then, the percentage of your power bill that will be generated from the renewable energy will be determined. In most cases, the percentage is around 10%. Now, it's time for you to decide whether signing on with a shared solar company is right for you or not.
It is true that the cost of installing shared Solar has begun to drop dramatically. Several developers have taken advantage of this and have begun offering residential solar energy programs to property owners. However, the recent developments in the residential solar industry have also made the competition stiffer. As a result, many property owners are being encouraged to think long and hard about whether joining one of these programs is really in their best interest.
When deciding if signing on with a shared solar program is the best option, it's important to consider all of your options. It's possible that the initial costs of purchasing and installing the solar panels will be more than making the payments for the renewable energy program. For more comprehensive info about shared Solar for strata communities , see page.
On the other hand, if you are able to get a discounted rate on the electricity your solar panels produce, you may find that the difference between the two makes the upfront costs for installing them much more affordable. It's also important to keep in mind that if your property doesn't already have enough solar panels installed, you may need to pay to have them installed. All of these factors play into your overall decision, so be sure to do your homework. Check out this post that has expounded on the topic: https://en.wikipedia.org/wiki/Solar_architecture.
