Save up to 25% on your solar power installation!
- CURRENT EV has partnered with a new, cutting-edge solar company that brokers solar power the same way we broker EVs. They take care of all your solar needs the same way CURRENT EV takes care of all your electric vehicle needs.
- Pick My Solar has created a revolutionary online solar marketplace experience which makes obtaining solar installation bids incredibly easy. Save up to $6,000: Pick My Solar's process is painless and free: you enter a few facts on the PMS bid generator. Solar experts review these facts, call you to discuss your project, then post your installation needs on their "live platform," which is reviewed every day by high quality solar installation companies in competition with each other. These companies submit bids to PMS, which are reviewed based on 20 critical criteria.
- Pick My Solar picks the 3 best bids and advises you which option makes the most sense for you. This includes counseling you on the financial options available. Then they oversee the entire installation from start to finish, making sure you're satisfied with the results. Acting as homeowner advocates, Pick My Solar obtains bids for customers which are generally $6,000 below market. PMS clients report savings of up to 25% compared to the bids they obtained from solar installers direct. The environmentalists at Pick My Solar are dedicated to getting your solar at the lowest possible price. Their process is quick, easy and FREE to homeowners.
There are 3 ways to pay for your Solar energy system: purchase, lease and PPA.
A traditional purchase means you either finance or pay cash to buy your system outright.
Pros : You own the system and don't need to return it or buy it at the end of a lease. You enjoy 100% of the savings benefits and tax credits and/or rebates. Typical finance plans extend up to 160 months, but the system will actually pay for itself within 5 to 8 years in the form of power cost savings.
Cons: You are responsible for upkeep and maintenance. The initial out-of-pocket expense can be significant.
Lease means you contract with a provider to pay them monthly for the use of a system that you can choose to return or buy after a certain amount of time, typically 25 years. There is generally also an upfront payment, although in some instances you can get a no upfront cost lease.
Pros : The lease owner handles all system maintenance and upkeep. Sometimes the warranties on all parts and installation are extended to cover the entire length of the lease. If at the end of the lease, you decide you don't want that system any longer, you can give it back. In some cases, you may be able to upgrade to newer, more efficient panels, inverters and other parts later in the lease for a prorated fee.
Cons: Lease periods generally extend to 25 years, but it only takes 5 to 8 years for a system to pay for itself; therefore in some cases, the money you pay for the lease could cover the cost of a purchase.
3. PPA (Power Purchase Agreement)
PPA is a plan in which a solar provider installs a system large enough to net-zero out your electric bill and you pay a monthly pre-negotiated per kilowatt rate for energy you use to the solar provider.
Pros : The provider is responsible for maintenance and changing technology. The fixed price is lower than what you'd be paying your utility and the savings are immediate – there's either no down payment or a very minor one.
Cons: You can't take advantage of tax credits or rebates. The pre-negotiated watt rate may stay the same or escalate over the life of the agreement