Looking to save some money on your monthly electric bill? Well, solar power may be the way to go. You can get solar power or solar panels for your home at a very low cost, often far less than your utility bill.
It sounds too good to be true: you can go solar without paying a cent. Formally known as a power-purchase agreement, there are companies in and around your area that install panels on your roof at their own expense and, in exchange, collect the government subsidies.
Here is how it works: Installing panels is so financially advantageous that the company you hire can split the benefits with you and still turn a tidy profit. That profit would be all yours if you paid for the solar yourself.
After touring your home, the company would run the numbers and see whether they can recoup their costs—which means obtaining enough power profit from your roof’s exposure to the sun.
The zero-dollar option, in return for letting a solar power company install and maintain the array, the property owner will save on their electric bill—not obliterate it. Owners actually purchase the electricity from the solar company as opposed to from the power company at a reduced price, which will ultimately cover the installation.
Basically, you can get only one free thing. You can pay nothing for the system, or you can have a free electric bill, but not both. Other options available include 10-20 year rent-to-own or even a solar lease (like a car lease, but with nothing due at lease end). So if you are thinking of free solar for your San Diego County home, do the research before you sign on the dotted line. There are plenty of excellent options for solar power and saving money.