6 things you must know about going solar - yahoo homes

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  • 8/18/2019 6 Things You Must Know About Going Solar - Yahoo Homes

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  • 8/18/2019 6 Things You Must Know About Going Solar - Yahoo Homes

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    7/24/2014 6 things you must know about going solar - Yahoo Homes

    https://homes.yahoo.com/news/6-things-you-must-know-about-going-solar-221120074.html

    line of credit, or a low-cost solar loan. You may trim your cost further 

    with incentives, such as rebates or sales- or property-tax exemptions,

    from your state, municipality or electric utility.

    (Visit www.dsireusa.org/solar   to find loan programs and incentives

    where you live.)

    [ 6 Reasons to Hate Your Cable Company ]

    4. Don’t buy. rent.

    Let an installer pay for a system, then you pay the installer for the

    electricity that your system produces each month—typically at a rate

    that’s less than your local utility charges. With a solar lease, you’ll pay

    a fixed monthly amount that smooths out seasonal variations. With a

    power purchase agreement (PPA), available in 22 states and the

    District of Columbia, your bill may vary. For example, with a lease you

    might pay $50 a month year-round; with a PPA, you might pay $20 to

    $30 a month in winter and $70 to $80 in summer. Both agreements

    typically last 20 years, with options for upgrading or removing the

    system, or conveying it if you sell your home. The installer maintains,

    repairs and insures the system.

    [Want to remodel your home? Click to find a contractor who can help

    with your renovation now.]

    5. You’re still on the grid.

    Unless you live in a remote area, your system is tied into the local

    utility. If it produces more electricity than you use, the excess is fed into

    the grid; in 43 states and the District of Columbia, so-called net

    metering—using a special meter that runs forward and  backward—will

    give you credit.

    [ 7 Ways to Lower Your Property Tax Bill  ]

    6. Find an installer.

    The largest multistate installers include SolarCity, Vivint Solar,

    Verengo, REC Solar and Real Goods Solar. Or you can look for 

    smaller, independent installers. On the home page of the Solar Energy

    Industries Association Web site, click on “Directory” and search by

    state and “Contractor/Installer.” Then look for companies that employ

    staff certified by the North American Board of Certified Energy

    Practitioners or trained in a program accredited by the

    Interstate Renewable Energy  Council. Get at least three compar able

    bids.

    [Click to find a home contractor who can help with your home

    renovation project now.]

    More from Kiplinger:

    • 7 Features Home Buyers Want Most

    • What $300K Buys You Now

    • 10 Cheapest U.S. Cities to Live In

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