Navigating Regulations | Safeguarding Your Energy Future
Did you know?
Time is really, of the essence.
If our team seems proactive, rest assured it stems from a sincere intention to inform and guide. We're not advocating for mere signatures; instead, we deeply understand the multifaceted nature of this industry and its potential impact on homeowners.
Federal regulations have long supported solar initiatives, making it possible for a company like ours to provide homeowners with solar solutions at no out-of-pocket expense. This support has allowed us to offer solutions to a vastly wider audience as well, and really, has allowed us to even exist. However, we're now observing the onset of state-level regulations.
California has already implemented solar regulations, surprisingly making it more challenging for both homeowners and solar companies. Despite solar energy not being a new concept – our company being at the forefront for 17 years, the International Energy Agency (IEA) notes that solar is experiencing a vast growth spurt right now, which is exciting. But unfortunately, rapid growth in any industry, often brings potential concerns about new regulations.
The common advice is that getting into something early allows you to maximize its benefits. Consider the analogy of being one of the first sellers on Amazon. Applying the same concept, getting solar for your home early could prove advantageous. However, we can't ignore the potential for stricter state-level regulations in Florida and other states, aimed at generating profits locally. This would make it more challenging for solar companies and, consequently, for homeowners. Such regulations might force companies to ultimately, increase annual rates.
Our PPA program currently boasts a minimal 2.9% rate. The beauty of this minimal rate is that it ensures you won't be paying as much as you are currently with traditional energy bills until, in most cases, 15-20 years from now. It's a proven concept that works. So much so, that we vigilantly monitor state legislative developments, fearing potential regulations that could compel us to raise this rate for future customers. To provide context, customers who enrolled in our PPA program just over seven years ago secured a locked-in 0% annual rate. While we wish we could still offer this, it exemplifies the regulatory impact on both companies and homeowners over time.
Despite not being able to guarantee that our current rate will remain for future potential customers or even predict that it will change, the resilience of our program still makes it a sensible choice if it did. By joining now, you secure not only an immediate and significantly lower bill and favorable annual rate at no out-of-pocket expenses, but an immediate protection from a potential future increase. We encourage homeowners to act swiftly to safeguard your energy costs and contribute to a sustainable future.
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January 11th, 2024
