A solar lease agreement is ideal for people who cannot afford the upfront costs of solar installation but would still love to go green and save money with solar panels. It is also for people who are unqualified for state and federal incentive programs. They can have a solar system given by a third-party provider while paying monthly..
Most CT residents and property owners find this arrangement beneficial for a dependable solar installation without shelling out a considerable sum of money. On top of that, solar leasee’s can enjoy a professionally-managed system without extra costs. Solar companies guarantee the production of your system and conduct monitoring to ensure quality services at all times. The maintenance services they offer are free of charge, covering repairs, and warranties.
If you are looking into the steps to consider to apply for a solar lease in Connecticut, you’ve come to the right place. This article can help you make an informed decision to make the switch to a sustainable lifestyle.
Find a Suitable Solar Contractor
Before anything else, it is vital to find a suitable solar contractor to walk you through the process. Contractors like Green Power Energy provide unique solar lease agreements perfect for Connecticut property owners. In partnership with Sunnova, they optimize finance options for consumers with a longer, 25-year solar lease or the even the classic 20-year solar lease.
Before the year ends, customers signing a lease with Green Power Energy can acquire 2020 utility prices for the next 25 years. It can help you earn savings and preserve the 2020 prices before the market inflation affects the leasing rates. Sunnova covers 25 years of warranty that includes repairs, maintenance, and regular monitoring. They ensure that your system sustains its performance through the years and refund or credit you for any difference. Could you imagine locking in the price of electricity today at prices from 1995? This is what Green Power Energy and Sunnova can offer to you.
Determine How Much Solar You Need
The next step is performing an assessment of the average energy requirement that your property needs. This opportunity can help you tailor your solar leasing agreement based on your needs and requirements. Determine how much solar you need by finding your annual kilowatt hour usage from the utility company. By looking at your bill, visiting your online portal, or contacting Eversource directly, you can find this information. .
Figure Out Monthly Costs of Electricity
The high electricity bills in Connecticut encourage a lot of people to go solar. Visiting your online portal through a CT energy company like Eversource will allow you to understand exactly how much you are spending per year on electric costs. $200/month might not seem like much, but a yearly cost of $2,500 is a good amount of money!
Compare Solar Lease Costs to Current Electricity Bills to Determine Savings
The final step is to compare the costs of solar leasing to your current electricity bills. The lease can give you an idea of how much you can save. It may be a no-brainer that having solar panels generate your power can offset your monthly utilities. The average monthly electricity bill of the residents of the Nutmeg State runs around $127. Ranking 7th with the USA’s highest electricity rate, it is imperative to look for cost-effective options. Furthermore, the higher your average electricity bill, the more savings you can earn.
On average, leasing solar systems’ costs can range from around $50 to $250 monthly. When you sign a lease, the solar company is often entitled to rebates, tax breaks, and financial incentives for the solar panel system. However, you can directly benefit from the solar system as the will pass those savings on to you by way of a lower electricity rate.
Overall, solar leases in Connecticut are ideal for organizations and residents who want to make the switch without the hassle of owning and maintaining a solar system. In other words, you get to convert your property into a revenue source with the tremendous benefits and savings brought by solar energy without the work, risk, and upfront costs of purchasing a solar system.
For more information, please visit Green Power Energy.
