Under these agreements, the solar rental company owns and maintains your solar panel installation, so it is entitled to rebates, tax breaks and financial incentives available for the installation of solar panels. Consumers can indirectly benefit from these savings through lower electricity prices. Finally, after the Observer`s intervention, Griffiths was allowed to purchase the discs for $20,500, an uncompused amount that he was told was non-negotiable. Not only was it almost double the price she would have paid for installing the system itself, but she had also missed nearly eight years of FITs worth about $7,300. Overall, the «free» system left them out of pocket for about $16,000. Monitoring: Most solar rental companies offer free online programs, smartphones or tablets to track the performance of your solar panel installation. System Purchase: You can purchase the solar installation at any time during the duration of the rental at the price or fair value specified in your contract, depending on the highest value. Different solar companies have different options from different partners. It is customary to sell an AAE or lease by one company, which then sub-processes the installation to another, and another has the plates and equipment. This scenario is common in the leasing and AAE industry, because the company that sells a lease or AAE is not responsible for the maintenance or production of the solar installation, they are simply «brokers» between the owner and the company to which the system belongs on the roof.
While this regulation does not necessarily mean that the owner receives a sub-par system or is misled, it may lead to complications in the future. For example, five years later, the owner discovers that his system does not produce the promised solar energy. They report the problem to the company that sold them the system, expecting the problem to be resolved quickly. Unfortunately, behind the scenes, there could be a long controversy over who is responsible among all the companies involved. In some cases, one or more companies may no longer be in business. An ALS is an agreement in which the solar energy supplier installs the system in exchange for you who agree to repay regularly for an agreed period. 3. Energy consumption. Here`s the part that can really you off. Your electrical supplier charges you a throughput for the number of kilowatt hours you use (in kWh).
Your electricity bill only shows the number of kWh you used from the grid, it doesn`t measure the amount of electricity you consume from your solar panels. In other words, if you only used the electricity from your solar panels, that amount would be zero. At the end of the term: when your contract expires, you can either buy the system directly, have the leasing company removed, or leave the system on site and renew the contract with the owner. Financing or cash model, as well as pros and cons between a solar lease and a solar AAE. This article should be your starting point in researching the model that best fits your individual renewable energy needs. I point out several times below that you have to do your own math when it comes to making a decision – different solar energy suppliers have different options from different partners, they will almost always be biased compared to the programs they have at their disposal. An AAE offers an effective way to enjoy the benefits of solar PV without having to assume responsibility as the owner of the solar installation.